National Investment Services Inc. WI lifted its stake in shares of PGT Innovations Inc (NYSE:PGTI) by 70.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,500 shares of the construction company’s stock after acquiring an additional 16,787 shares during the quarter. National Investment Services Inc. WI’s holdings in PGT Innovations were worth $682,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in PGTI. Lazard Asset Management LLC boosted its stake in shares of PGT Innovations by 12.2% during the 2nd quarter. Lazard Asset Management LLC now owns 2,989,820 shares of the construction company’s stock worth $38,269,000 after acquiring an additional 325,137 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of PGT Innovations by 132.4% in the third quarter. Russell Investments Group Ltd. now owns 357,058 shares of the construction company’s stock worth $5,338,000 after buying an additional 203,395 shares during the period. Columbus Circle Investors acquired a new stake in shares of PGT Innovations in the third quarter worth $2,662,000. Capital Research Global Investors acquired a new stake in shares of PGT Innovations in the second quarter worth $2,041,000. Finally, Prudential Financial Inc. boosted its position in shares of PGT Innovations by 140.0% in the third quarter. Prudential Financial Inc. now owns 257,380 shares of the construction company’s stock worth $3,848,000 after buying an additional 150,140 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.
In related news, Director Richard D. Feintuch sold 50,000 shares of PGT Innovations stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $16.05, for a total transaction of $802,500.00. Following the completion of the sale, the director now owns 75,508 shares of the company’s stock, valued at $1,211,903.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William J. Morgan sold 41,395 shares of PGT Innovations stock in a transaction on Monday, November 20th. The shares were sold at an average price of $15.71, for a total value of $650,315.45. Following the sale, the director now directly owns 75,508 shares of the company’s stock, valued at approximately $1,186,230.68. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by company insiders.
PGT Innovations (NYSE:PGTI) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The firm had revenue of $126.90 million for the quarter, compared to analyst estimates of $129.82 million. PGT Innovations had a net margin of 4.87% and a return on equity of 19.02%. PGT Innovations’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 EPS. research analysts anticipate that PGT Innovations Inc will post 0.56 earnings per share for the current fiscal year.
PGTI has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $17.00 target price on shares of PGT Innovations in a research report on Wednesday, November 15th. BidaskClub cut PGT Innovations from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. B. Riley raised their target price on PGT Innovations from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. KeyCorp reaffirmed a “hold” rating on shares of PGT Innovations in a research report on Tuesday, September 26th. Finally, Dougherty & Co raised PGT Innovations from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $16.67.
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About PGT Innovations
PGT Innovations, Inc, formerly PGT, Inc, is a manufacturer of impact-resistant windows and doors. The Company’s brands include CGI, PGT Windows + Doors and WinDoor. CGI serves residential and commercial markets in both new and existing construction. CGI manufacturing and delivery facilities are based in Miami, Florida.
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