82,329 Shares in PGT Industries, Inc. (PGTI) Purchased by EAM Global Investors LLC

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EAM Global Investors LLC acquired a new stake in PGT Industries, Inc. (NYSE:PGTI) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 82,329 shares of the construction company’s stock, valued at approximately $1,535,000. PGT Industries makes up 0.8% of EAM Global Investors LLC’s holdings, making the stock its 17th biggest holding. EAM Global Investors LLC owned 0.16% of PGT Industries as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in shares of PGT Industries by 35.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 217,142 shares of the construction company’s stock worth $3,659,000 after purchasing an additional 56,425 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of PGT Industries by 64.1% during the fourth quarter. Wells Fargo & Company MN now owns 78,783 shares of the construction company’s stock worth $1,328,000 after purchasing an additional 30,785 shares in the last quarter. Bogle Investment Management L P DE purchased a new stake in shares of PGT Industries during the fourth quarter worth approximately $2,121,000. Royce & Associates LP increased its position in shares of PGT Industries by 3.0% during the fourth quarter. Royce & Associates LP now owns 1,294,048 shares of the construction company’s stock worth $21,805,000 after purchasing an additional 38,000 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of PGT Industries by 42.0% during the fourth quarter. American Century Companies Inc. now owns 348,237 shares of the construction company’s stock worth $5,868,000 after purchasing an additional 103,024 shares in the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

In other news, insider Jeffrey T. Jackson sold 85,533 shares of the company’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $18.68, for a total value of $1,597,756.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director M Joseph Mchugh sold 83,601 shares of the company’s stock in a transaction on Friday, May 25th. The shares were sold at an average price of $20.38, for a total value of $1,703,788.38. Following the completion of the transaction, the director now directly owns 148,549 shares in the company, valued at approximately $3,027,428.62. The disclosure for this sale can be found here. Insiders have sold 201,964 shares of company stock worth $3,932,866 in the last three months. 5.80% of the stock is currently owned by corporate insiders.

Several brokerages recently commented on PGTI. Gabelli cut PGT Industries from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a research report on Thursday, June 14th. They noted that the move was a valuation call. Zacks Investment Research cut PGT Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. ValuEngine upgraded PGT Industries from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, SunTrust Banks reissued a “buy” rating and set a $19.00 price objective on shares of PGT Industries in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. PGT Industries has a consensus rating of “Buy” and a consensus target price of $18.71.

NYSE PGTI opened at $21.90 on Thursday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 35.90, a P/E/G ratio of 1.20 and a beta of 0.82. The company has a current ratio of 4.00, a quick ratio of 3.11 and a debt-to-equity ratio of 1.16. PGT Industries, Inc. has a fifty-two week low of $11.90 and a fifty-two week high of $21.97.

PGT Industries (NYSE:PGTI) last released its quarterly earnings data on Tuesday, May 1st. The construction company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.05. The company had revenue of $140.30 million for the quarter, compared to analyst estimates of $129.63 million. PGT Industries had a return on equity of 22.75% and a net margin of 8.20%. The firm’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. equities analysts anticipate that PGT Industries, Inc. will post 0.93 EPS for the current year.

About PGT Industries

PGT Innovations, Inc manufactures and supplies residential impact-resistant windows and doors in the Southeastern United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. The company offers heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact vinyl windows with insulating glass and multi-chambered frames for various climate zones.

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

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