PGT Innovations, Inc. (NYSE:PGTI) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of PGT Innovations, Inc. (NYSE:PGTI) by 5.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 26,449 shares of the construction company’s stock after purchasing an additional 1,348 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in PGT Innovations were worth $1,076,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust lifted its stake in shares of PGT Innovations by 367.5% during the third quarter. Parkside Financial Bank & Trust now owns 1,066 shares of the construction company’s stock worth $30,000 after buying an additional 838 shares during the period. SRS Capital Advisors Inc. acquired a new stake in PGT Innovations during the 3rd quarter worth about $44,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in PGT Innovations during the 3rd quarter valued at about $225,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of PGT Innovations by 27.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,679 shares of the construction company’s stock valued at $269,000 after purchasing an additional 2,075 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in shares of PGT Innovations by 8.1% in the third quarter. Mackenzie Financial Corp now owns 10,759 shares of the construction company’s stock valued at $290,000 after purchasing an additional 804 shares during the period. 81.60% of the stock is owned by institutional investors and hedge funds.

PGT Innovations Stock Performance

Shares of PGTI stock opened at $41.99 on Wednesday. PGT Innovations, Inc. has a 52-week low of $22.66 and a 52-week high of $42.00. The company has a quick ratio of 1.61, a current ratio of 2.45 and a debt-to-equity ratio of 0.93. The stock has a market cap of $2.40 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 1.05 and a beta of 1.44. The business has a 50-day simple moving average of $41.84 and a 200-day simple moving average of $37.93.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PGTI shares. Truist Financial decreased their target price on PGT Innovations from $43.00 to $42.00 and set a “hold” rating for the company in a report on Thursday, January 18th. StockNews.com assumed coverage on shares of PGT Innovations in a research note on Thursday, April 18th. They set a “buy” rating for the company.

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.