State of Tennessee Treasury Department Has $495,000 Holdings in PGT Innovations, Inc. (NYSE:PGTI)

State of Tennessee Treasury Department raised its holdings in PGT Innovations, Inc. (NYSE:PGTIGet Rating) by 43.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,533 shares of the construction company’s stock after buying an additional 8,348 shares during the quarter. State of Tennessee Treasury Department’s holdings in PGT Innovations were worth $495,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PGTI. CWM LLC lifted its stake in PGT Innovations by 102.9% in the first quarter. CWM LLC now owns 1,733 shares of the construction company’s stock valued at $31,000 after buying an additional 879 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of PGT Innovations by 11.2% during the first quarter. Envestnet Asset Management Inc. now owns 10,481 shares of the construction company’s stock valued at $188,000 after acquiring an additional 1,056 shares in the last quarter. First Republic Investment Management Inc. bought a new stake in shares of PGT Innovations during the fourth quarter valued at approximately $216,000. Teacher Retirement System of Texas increased its holdings in shares of PGT Innovations by 7.1% during the first quarter. Teacher Retirement System of Texas now owns 12,268 shares of the construction company’s stock valued at $221,000 after acquiring an additional 813 shares in the last quarter. Finally, Inspire Investing LLC bought a new stake in shares of PGT Innovations during the first quarter valued at approximately $235,000. 88.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PGT Innovations news, VP Robert Andrew Keller sold 4,746 shares of the business’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $21.95, for a total value of $104,174.70. Following the transaction, the vice president now owns 54,904 shares of the company’s stock, valued at $1,205,142.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other PGT Innovations news, Director Rodney Hershberger sold 2,000 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $22.05, for a total value of $44,100.00. Following the transaction, the director now owns 1,368,638 shares of the company’s stock, valued at $30,178,467.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Robert Andrew Keller sold 4,746 shares of the business’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $21.95, for a total value of $104,174.70. Following the completion of the transaction, the vice president now directly owns 54,904 shares in the company, valued at approximately $1,205,142.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,746 shares of company stock valued at $186,335. Insiders own 4.50% of the company’s stock.

PGT Innovations Trading Down 0.9 %

Shares of PGT Innovations stock opened at $20.60 on Friday. The stock has a fifty day simple moving average of $20.07 and a 200 day simple moving average of $19.36. PGT Innovations, Inc. has a 12-month low of $15.42 and a 12-month high of $23.36. The company has a market capitalization of $1.23 billion, a P/E ratio of 18.90 and a beta of 1.49. The company has a current ratio of 2.82, a quick ratio of 2.24 and a debt-to-equity ratio of 1.08.

PGT Innovations (NYSE:PGTIGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The construction company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.22. PGT Innovations had a return on equity of 18.27% and a net margin of 4.84%. The business had revenue of $406.52 million during the quarter, compared to the consensus estimate of $364.73 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. PGT Innovations’s revenue was up 42.4% compared to the same quarter last year. On average, sell-side analysts anticipate that PGT Innovations, Inc. will post 2.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on PGTI. TheStreet upgraded PGT Innovations from a “c+” rating to a “b” rating in a report on Thursday, June 2nd. JPMorgan Chase & Co. decreased their price objective on PGT Innovations from $22.00 to $19.00 in a report on Friday, July 15th. StockNews.com upgraded PGT Innovations from a “hold” rating to a “buy” rating in a report on Wednesday, July 27th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on PGT Innovations in a report on Wednesday, August 17th. They set a “buy” rating for the company.

PGT Innovations Profile

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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.

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Institutional Ownership by Quarter for PGT Innovations (NYSE:PGTI)

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