PGT Innovations, Inc. (NYSE:PGTI) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund lessened its holdings in PGT Innovations, Inc. (NYSE:PGTI – Get Rating) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,336 shares of the construction company’s stock after selling 2,781 shares during the quarter. Texas Permanent School Fund owned 0.07% of PGT Innovations worth $724,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System boosted its holdings in PGT Innovations by 6.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 11,735 shares of the construction company’s stock worth $211,000 after acquiring an additional 740 shares in the last quarter. FourThought Financial Partners LLC acquired a new stake in shares of PGT Innovations during the fourth quarter worth about $192,000. Envestnet Asset Management Inc. lifted its holdings in shares of PGT Innovations by 28.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 26,763 shares of the construction company’s stock worth $481,000 after purchasing an additional 5,941 shares during the period. Pacer Advisors Inc. acquired a new position in PGT Innovations in the fourth quarter valued at approximately $11,222,000. Finally, Spire Wealth Management acquired a new position in PGT Innovations in the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on PGTI. StockNews.com upgraded PGT Innovations from a “hold” rating to a “buy” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft boosted their price target on PGT Innovations from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, April 3rd. Finally, Truist Financial boosted their price target on PGT Innovations from $27.00 to $29.00 in a research report on Monday.

PGT Innovations Stock Performance

Shares of PGT Innovations stock opened at $25.46 on Wednesday. PGT Innovations, Inc. has a 52 week low of $15.42 and a 52 week high of $26.93. The business’s fifty day simple moving average is $24.26 and its 200-day simple moving average is $21.57. The firm has a market cap of $1.50 billion, a PE ratio of 13.91 and a beta of 1.46. The company has a quick ratio of 1.80, a current ratio of 2.52 and a debt-to-equity ratio of 1.02.

PGT Innovations (NYSE:PGTI – Get Rating) last posted its earnings results on Wednesday, February 22nd. The construction company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). PGT Innovations had a return on equity of 20.09% and a net margin of 7.38%. The firm had revenue of $340.93 million for the quarter, compared to analyst estimates of $332.00 million. During the same period in the previous year, the company posted $0.31 EPS. PGT Innovations’s revenue was up 12.0% on a year-over-year basis. Equities analysts forecast that PGT Innovations, Inc. will post 1.76 earnings per share for the current year.

Insider Buying and Selling

In other PGT Innovations news, insider Deborah L. Lapinska sold 10,000 shares of the company’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $25.60, for a total transaction of $256,000.00. Following the sale, the insider now owns 102,612 shares in the company, valued at approximately $2,626,867.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Rodney Hershberger sold 2,500 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $21.21, for a total value of $53,025.00. Following the transaction, the director now owns 1,353,138 shares in the company, valued at approximately $28,700,056.98. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Deborah L. Lapinska sold 10,000 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $25.60, for a total value of $256,000.00. Following the completion of the transaction, the insider now owns 102,612 shares in the company, valued at approximately $2,626,867.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,500 shares of company stock valued at $899,250. Corporate insiders own 4.50% of the company’s stock.

About PGT Innovations

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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.