Robeco Institutional Asset Management B.V. lifted its position in PGT Innovations Inc (NYSE:PGTI) by 313.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,060 shares of the construction company’s stock after acquiring an additional 53,875 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in PGT Innovations were worth $1,522,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of PGTI. First Quadrant L P CA acquired a new stake in PGT Innovations in the 3rd quarter worth $346,000. Calamos Advisors LLC bought a new position in shares of PGT Innovations during the 3rd quarter worth about $419,000. Texas Permanent School Fund lifted its holdings in shares of PGT Innovations by 13.0% during the 3rd quarter. Texas Permanent School Fund now owns 36,439 shares of the construction company’s stock worth $787,000 after acquiring an additional 4,184 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of PGT Innovations by 14.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 25,600 shares of the construction company’s stock worth $553,000 after acquiring an additional 3,200 shares during the period. Finally, NJ State Employees Deferred Compensation Plan bought a new position in shares of PGT Innovations during the 3rd quarter worth about $562,000. Institutional investors and hedge funds own 79.38% of the company’s stock.
A number of research firms have recently commented on PGTI. Deutsche Bank raised their price objective on shares of PGT Innovations from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Monday. ValuEngine downgraded shares of PGT Innovations from a “buy” rating to a “hold” rating in a report on Friday, November 2nd. Jefferies Financial Group began coverage on shares of PGT Innovations in a report on Thursday, October 4th. They set a “buy” rating and a $27.00 price objective for the company. Wells Fargo & Co began coverage on shares of PGT Innovations in a report on Thursday, October 4th. They set an “outperform” rating and a $25.00 price objective for the company. Finally, B. Riley raised their price objective on shares of PGT Innovations from $20.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. PGT Innovations presently has a consensus rating of “Buy” and a consensus price target of $22.89.
PGT Innovations (NYSE:PGTI) last announced its quarterly earnings results on Thursday, November 1st. The construction company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.12. PGT Innovations had a net margin of 9.92% and a return on equity of 25.71%. The firm had revenue of $199.08 million during the quarter, compared to the consensus estimate of $165.62 million. During the same period last year, the firm posted $0.16 EPS. The firm’s quarterly revenue was up 56.9% on a year-over-year basis. On average, equities research analysts expect that PGT Innovations Inc will post 1.18 EPS for the current fiscal year.
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PGT Innovations Company Profile
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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