Dimensional Fund Advisors LP Has $37.77 Million Position in PGT Innovations Inc (PGTI)

Dimensional Fund Advisors LP increased its stake in shares of PGT Innovations Inc (NYSE:PGTI) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,526,455 shares of the construction company’s stock after acquiring an additional 74,185 shares during the period. Dimensional Fund Advisors LP owned about 5.09% of PGT Innovations worth $37,770,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Macquarie Group Ltd. grew its holdings in PGT Innovations by 0.8% during the second quarter. Macquarie Group Ltd. now owns 128,064 shares of the construction company’s stock worth $1,639,000 after acquiring an additional 973 shares during the period. Nationwide Fund Advisors grew its holdings in PGT Innovations by 3.6% during the second quarter. Nationwide Fund Advisors now owns 28,511 shares of the construction company’s stock worth $365,000 after acquiring an additional 988 shares during the period. The Manufacturers Life Insurance Company grew its holdings in PGT Innovations by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 39,331 shares of the construction company’s stock worth $504,000 after acquiring an additional 1,278 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in PGT Innovations by 1.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 211,449 shares of the construction company’s stock worth $2,707,000 after acquiring an additional 2,278 shares during the period. Finally, Teachers Advisors LLC grew its holdings in PGT Innovations by 2.7% during the second quarter. Teachers Advisors LLC now owns 88,954 shares of the construction company’s stock worth $1,139,000 after acquiring an additional 2,355 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PGT Innovations Inc (NYSE PGTI) opened at $17.45 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.67 and a quick ratio of 2.71. PGT Innovations Inc has a 1-year low of $10.00 and a 1-year high of $17.60. The company has a market capitalization of $846.71, a P/E ratio of 37.93, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21.

PGT Innovations (NYSE:PGTI) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). PGT Innovations had a net margin of 4.87% and a return on equity of 19.02%. The business had revenue of $126.90 million during the quarter, compared to analyst estimates of $129.82 million. During the same period in the previous year, the business posted $0.19 earnings per share. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. equities research analysts anticipate that PGT Innovations Inc will post 0.56 EPS for the current year.

In other PGT Innovations news, Director William J. Morgan sold 41,395 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $15.71, for a total value of $650,315.45. Following the sale, the director now directly owns 75,508 shares of the company’s stock, valued at $1,186,230.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard D. Feintuch sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $16.05, for a total value of $802,500.00. Following the completion of the sale, the director now directly owns 75,508 shares in the company, valued at $1,211,903.40. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by company insiders.

Several analysts recently commented on the company. Royal Bank of Canada reaffirmed a “buy” rating on shares of PGT Innovations in a report on Thursday, November 30th. B. Riley raised their target price on PGT Innovations from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Dougherty & Co raised PGT Innovations from a “neutral” rating to a “buy” rating in a report on Friday, November 3rd. BidaskClub lowered PGT Innovations from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Finally, KeyCorp reissued a “hold” rating on shares of PGT Innovations in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $16.67.

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PGT Innovations Profile

PGT Innovations, Inc, formerly PGT, Inc, is a manufacturer of impact-resistant windows and doors. The Company’s brands include CGI, PGT Windows + Doors and WinDoor. CGI serves residential and commercial markets in both new and existing construction. CGI manufacturing and delivery facilities are based in Miami, Florida.

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Institutional Ownership by Quarter for PGT Innovations (NYSE:PGTI)

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