Simplicity Solutions LLC Raises Holdings in PGT Innovations, Inc. (NYSE:PGTI)

Simplicity Solutions LLC boosted its holdings in shares of PGT Innovations, Inc. (NYSE:PGTI) by 30.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,913 shares of the construction company’s stock after buying an additional 3,468 shares during the quarter. Simplicity Solutions LLC’s holdings in PGT Innovations were worth $607,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its holdings in PGT Innovations by 367.5% during the third quarter. Parkside Financial Bank & Trust now owns 1,066 shares of the construction company’s stock valued at $30,000 after buying an additional 838 shares during the period. Money Concepts Capital Corp acquired a new stake in PGT Innovations in the fourth quarter valued at approximately $27,000. SRS Capital Advisors Inc. acquired a new stake in PGT Innovations in the third quarter valued at approximately $44,000. Clearstead Advisors LLC acquired a new stake in PGT Innovations in the third quarter valued at approximately $42,000. Finally, UBS Group AG boosted its stake in PGT Innovations by 22.2% in the third quarter. UBS Group AG now owns 4,524 shares of the construction company’s stock valued at $95,000 after acquiring an additional 822 shares in the last quarter. 81.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PGTI shares. Truist Financial lowered their target price on shares of PGT Innovations from $43.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, January 18th. StockNews.com started coverage on shares of PGT Innovations in a research note on Thursday. They issued a “buy” rating for the company.

PGT Innovations Stock Performance

NYSE:PGTI opened at $41.99 on Thursday. PGT Innovations, Inc. has a 12 month low of $22.66 and a 12 month high of $42.00. The firm has a fifty day simple moving average of $41.80 and a 200-day simple moving average of $37.53. The company has a current ratio of 2.45, a quick ratio of 1.61 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $2.40 billion, a P/E ratio of 23.07, a PEG ratio of 1.05 and a beta of 1.44.

PGT Innovations (NYSE:PGTI) last posted its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.11). PGT Innovations had a return on equity of 18.46% and a net margin of 7.25%. The company had revenue of $342.50 million for the quarter, compared to analyst estimates of $339.15 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, equities research analysts anticipate that PGT Innovations, Inc. will post 2.48 earnings per share for the current year.

About PGT Innovations

PGT Innovations, Inc, together with its subsidiaries, engages in the manufacture and supply of 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.