Kornitzer Capital Management Inc. KS purchased a new stake in shares of PGT Innovations Inc (NYSE:PGTI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 250,180 shares of the construction company’s stock, valued at approximately $4,183,000.
Other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG raised its holdings in PGT Innovations by 250.9% in the 4th quarter. Deutsche Bank AG now owns 355,828 shares of the construction company’s stock worth $5,638,000 after acquiring an additional 254,434 shares during the period. Ontario Teachers Pension Plan Board bought a new position in shares of PGT Innovations during the 1st quarter worth about $1,235,000. Norges Bank bought a new position in shares of PGT Innovations during the 4th quarter worth about $1,556,000. Lazard Asset Management LLC increased its holdings in shares of PGT Innovations by 44.5% during the 1st quarter. Lazard Asset Management LLC now owns 1,810,192 shares of the construction company’s stock worth $25,071,000 after purchasing an additional 557,105 shares during the period. Finally, Systematic Financial Management LP increased its holdings in shares of PGT Innovations by 65.2% during the 1st quarter. Systematic Financial Management LP now owns 667,819 shares of the construction company’s stock worth $9,249,000 after purchasing an additional 263,619 shares during the period. Institutional investors and hedge funds own 89.13% of the company’s stock.
Shares of PGT Innovations stock opened at $14.20 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.40 and a current ratio of 2.99. The firm’s 50-day simple moving average is $15.82 and its 200-day simple moving average is $15.46. PGT Innovations Inc has a twelve month low of $13.30 and a twelve month high of $26.40. The firm has a market cap of $847.73 million, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 1.19 and a beta of 1.04.
PGT Innovations (NYSE:PGTI) last issued its earnings results on Thursday, August 1st. The construction company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. PGT Innovations had a net margin of 6.48% and a return on equity of 15.36%. The business had revenue of $199.00 million for the quarter, compared to analyst estimates of $206.34 million. During the same period in the previous year, the business earned $0.41 EPS. The firm’s revenue was up 17.6% on a year-over-year basis. On average, equities analysts forecast that PGT Innovations Inc will post 0.95 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of PGT Innovations from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. G.Research restated a “buy” rating on shares of PGT Innovations in a report on Friday, August 2nd. Gabelli upgraded shares of PGT Innovations from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Friday, August 2nd. Zacks Investment Research downgraded shares of PGT Innovations from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. Finally, KeyCorp boosted their price objective on shares of PGT Innovations from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $22.88.
In other news, Director Rodney Hershberger sold 23,690 shares of PGT Innovations stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $15.13, for a total transaction of $358,429.70. Following the sale, the director now directly owns 1,150,200 shares in the company, valued at approximately $17,402,526. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 59,025 shares of company stock worth $923,460. 5.80% of the stock is owned by company insiders.
PGT Innovations Company Profile
PGT Innovations, Inc manufactures and supplies impact-resistant residential windows and doors in the Southeastern United States, Western United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. It offers heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact vinyl windows with insulating glass and multi-chambered frames for various climate zones.
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