Strs Ohio Buys Shares of 11,500 PGT Innovations, Inc. (NYSE:PGTI)

Strs Ohio bought a new stake in PGT Innovations, Inc. (NYSE:PGTI) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 11,500 shares of the construction company’s stock, valued at approximately $468,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cambiar Investors LLC lifted its stake in PGT Innovations by 0.4% in the third quarter. Cambiar Investors LLC now owns 91,761 shares of the construction company’s stock valued at $2,546,000 after acquiring an additional 396 shares during the last quarter. Inspire Investing LLC raised its position in shares of PGT Innovations by 3.7% in the third quarter. Inspire Investing LLC now owns 11,147 shares of the construction company’s stock valued at $309,000 after purchasing an additional 397 shares during the period. Kennedy Capital Management LLC raised its position in shares of PGT Innovations by 0.4% in the third quarter. Kennedy Capital Management LLC now owns 182,309 shares of the construction company’s stock valued at $5,059,000 after purchasing an additional 802 shares during the period. Mackenzie Financial Corp raised its position 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. Finally, Parkside Financial Bank & Trust raised its position in shares of PGT Innovations by 367.5% in the third quarter. Parkside Financial Bank & Trust now owns 1,066 shares of the construction company’s stock valued at $30,000 after purchasing an additional 838 shares during the period. 81.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on PGTI. StockNews.com began coverage on shares of PGT Innovations in a research report on Friday. They issued a “buy” rating on the stock. Truist Financial dropped their price target on shares of PGT Innovations from $43.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, January 18th.

PGT Innovations Stock Performance

Shares of PGTI stock opened at $41.99 on Monday. PGT Innovations, Inc. has a 1 year low of $22.66 and a 1 year high of $42.00. The firm’s fifty day simple moving average is $41.89 and its 200 day simple moving average is $38.30. The firm has a market capitalization of $2.40 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 1.05 and a beta of 1.44. The company has a current ratio of 2.45, a quick ratio of 1.61 and a debt-to-equity ratio of 0.93.

PGT Innovations (NYSE:PGTI) last announced its 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 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 the consensus estimate of $339.15 million. During the same period last year, the firm posted $0.28 EPS. The company’s revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts predict that PGT Innovations, Inc. will post 2.48 EPS for the current year.

PGT Innovations Profile

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.