PGT Innovations, Inc. (NYSE:PGTI) Shares Bought by FourThought Financial LLC

FourThought Financial LLC boosted its holdings in shares of PGT Innovations, Inc. (NYSE:PGTI – Get Rating) by 189.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,686 shares of the construction company’s stock after buying an additional 7,000 shares during the quarter. FourThought Financial LLC’s holdings in PGT Innovations were worth $224,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Point72 Hong Kong Ltd raised its holdings in shares of PGT Innovations by 171.4% during the third quarter. Point72 Hong Kong Ltd now owns 1,615 shares of the construction company’s stock worth $34,000 after purchasing an additional 1,020 shares during the last quarter. Clearstead Advisors LLC purchased a new position in shares of PGT Innovations during the 3rd quarter valued at about $42,000. UBS Group AG lifted its holdings in shares of PGT Innovations by 22.2% in the 3rd quarter. UBS Group AG now owns 4,524 shares of the construction company’s stock valued at $95,000 after buying an additional 822 shares during the period. Tower Research Capital LLC TRC grew its holdings in PGT Innovations by 108.8% during the third quarter. Tower Research Capital LLC TRC now owns 4,722 shares of the construction company’s stock worth $99,000 after acquiring an additional 2,460 shares during the period. Finally, Captrust Financial Advisors boosted its position in PGT Innovations by 35.0% in the 1st quarter. Captrust Financial Advisors now owns 6,136 shares of the construction company’s stock worth $110,000 after purchasing an additional 1,591 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PGTI has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of PGT Innovations from $30.00 to $26.00 in a report on Tuesday, January 10th. StockNews.com started coverage on PGT Innovations in a report on Thursday. They issued a “hold” rating for the company.

PGT Innovations Price Performance

Shares of NYSE PGTI opened at $20.96 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.63 and a current ratio of 2.24. The firm has a fifty day moving average of $21.12 and a 200 day moving average of $20.53. The firm has a market cap of $1.26 billion, a PE ratio of 12.78 and a beta of 1.42. PGT Innovations, Inc. has a one year low of $15.42 and a one year high of $23.89.

PGT Innovations (NYSE:PGTI – Get Rating) last released its earnings results on Wednesday, February 22nd. The construction company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The company had revenue of $340.93 million for the quarter, compared to analysts’ expectations of $332.00 million. PGT Innovations had a return on equity of 19.35% and a net margin of 6.63%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. As a group, research analysts predict that PGT Innovations, Inc. will post 1.69 EPS for the current fiscal year.

Insider Buying and Selling at PGT Innovations

In other news, Director Rodney Hershberger sold 2,500 shares of PGT Innovations stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $19.34, for a total value of $48,350.00. Following the sale, the director now directly owns 1,358,138 shares of the company’s stock, valued at $26,266,388.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other PGT Innovations news, Director Rodney Hershberger sold 2,500 shares of the firm’s stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $19.34, for a total value of $48,350.00. Following the transaction, the director now owns 1,358,138 shares in the company, valued at approximately $26,266,388.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Deborah L. Lapinska sold 10,000 shares of PGT Innovations stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $21.25, for a total transaction of $212,500.00. Following the sale, the insider now directly owns 114,733 shares in the company, valued at approximately $2,438,076.25. The disclosure for this sale can be found here. Insiders sold 37,500 shares of company stock valued at $782,825 over the last quarter. 4.50% of the stock is currently owned by insiders.

PGT Innovations Company Profile

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PGT Innovations, Inc engages in the manufacture and supply of windows and doors under the brand names PGT Custom Windows + Doors, CGI, WinDoor, Western Window Systems, Eze-Breeze, and CGI Commercial. It operates through the Southeast and Western geographical segments. The company was founded by Rodney Hershberger in 1980 and is headquartered in Nokomis, FL.