PNC Financial Services Group Inc. lessened its holdings in PGT Innovations, Inc. (NYSE:PGTI – Get Rating) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 321,793 shares of the construction company’s stock after selling 4,865 shares during the period. PNC Financial Services Group Inc. owned about 0.53% of PGT Innovations worth $5,786,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in shares of PGT Innovations by 4.0% during the 4th quarter. SG Americas Securities LLC now owns 26,137 shares of the construction company’s stock valued at $588,000 after acquiring an additional 999 shares in the last quarter. ProShare Advisors LLC bought a new stake in shares of PGT Innovations during the fourth quarter worth about $326,000. Bank of America Corp DE grew its holdings in shares of PGT Innovations by 2.5% during the fourth quarter. Bank of America Corp DE now owns 170,074 shares of the construction company’s stock worth $3,825,000 after purchasing an additional 4,135 shares during the last quarter. First Republic Investment Management Inc. acquired a new position in shares of PGT Innovations in the fourth quarter valued at approximately $216,000. Finally, Lazard Asset Management LLC raised its holdings in PGT Innovations by 9.6% in the 4th quarter. Lazard Asset Management LLC now owns 2,357,167 shares of the construction company’s stock valued at $53,012,000 after buying an additional 206,853 shares during the last quarter. Institutional investors own 88.69% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on PGTI shares. TheStreet raised shares of PGT Innovations from a “c+” rating to a “b” rating in a research note on Thursday, June 2nd. JPMorgan Chase & Co. cut their target price on PGT Innovations from $22.00 to $19.00 in a report on Friday, July 15th. Deutsche Bank Aktiengesellschaft began coverage on PGT Innovations in a research note on Wednesday, August 17th. They issued a “buy” rating for the company. Finally, StockNews.com raised PGT Innovations from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th.
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PGT Innovations Price Performance
Shares of NYSE PGTI opened at $20.60 on Friday. The company has a market capitalization of $1.23 billion, a PE ratio of 18.90 and a beta of 1.49. The company has a quick ratio of 2.24, a current ratio of 2.82 and a debt-to-equity ratio of 1.08. PGT Innovations, Inc. has a twelve month low of $15.42 and a twelve month high of $23.36. The firm has a fifty day simple moving average of $20.07 and a 200 day simple moving average of $19.36.
PGT Innovations (NYSE:PGTI – Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The construction company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.22. The firm had revenue of $406.52 million during the quarter, compared to analyst estimates of $364.73 million. PGT Innovations had a return on equity of 18.27% and a net margin of 4.84%. The business’s quarterly revenue was up 42.4% on a year-over-year basis. During the same period last year, the company posted $0.18 EPS. On average, sell-side analysts forecast that PGT Innovations, Inc. will post 2.01 EPS for the current year.
About PGT Innovations
PGT Innovations, Inc, together with its subsidiaries manufactures and supplies impact-resistant aluminum frame windows and doors in the United States and internationally. The company provides heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact resistant vinyl windows with insulating glass and multi-chambered frames for various climate zones.
- Get a free copy of the StockNews.com research report on PGT Innovations (PGTI)
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