Dimensional Fund Advisors LP boosted its position in PGT Innovations Inc (NYSE:PGTI) by 3.0% in the third 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 purchasing 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.
Several other hedge funds also recently bought and sold shares of the company. Piedmont Investment Advisors LLC purchased a new stake in PGT Innovations in the 2nd quarter worth approximately $137,000. Citadel Advisors LLC acquired a new position in shares of PGT Innovations during the 2nd quarter valued at $147,000. Empirical Finance LLC acquired a new position in PGT Innovations in the 3rd quarter worth $160,000. Campbell & CO Investment Adviser LLC acquired a new position in PGT Innovations in the 3rd quarter worth $170,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of PGT Innovations in the 3rd quarter worth about $177,000. Institutional investors own 92.39% of the company’s stock.
A number of equities research analysts recently weighed in on PGTI shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of PGT Innovations in a research report on Thursday, November 30th. B. Riley upped their target price on shares of PGT Innovations from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. BidaskClub raised shares of PGT Innovations from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Dougherty & Co upgraded shares of PGT Innovations from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. Finally, KeyCorp reaffirmed 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 stock. The company currently has a consensus rating of “Buy” and an average target price of $16.67.
PGT Innovations (NYSE:PGTI) last posted its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ 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 quarter last year, the business earned $0.19 earnings per share. PGT Innovations’s revenue for the quarter was down 2.2% on a year-over-year basis. analysts forecast that PGT Innovations Inc will post 0.56 earnings per share for the current fiscal year.
In other news, Director William J. Morgan sold 41,395 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $15.71, for a total value of $650,315.45. Following the completion of the sale, the director now owns 75,508 shares of the company’s stock, valued at $1,186,230.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard D. Feintuch sold 50,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $16.05, for a total transaction of $802,500.00. Following the sale, the director now directly owns 75,508 shares of the company’s stock, valued at approximately $1,211,903.40. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by insiders.
About PGT Innovations
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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