PGT Innovations, Inc. (NYSE:PGTI) Shares Bought by FourThought Financial LLC

FourThought Financial LLC boosted its holdings in PGT Innovations, Inc. (NYSE:PGTI – Get Rating) by 189.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,686 shares of the construction company’s stock after purchasing an additional 7,000 shares during the quarter. FourThought Financial LLC’s holdings in PGT Innovations were worth $224,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Point72 Hong Kong Ltd boosted its position in shares of PGT Innovations by 171.4% during the 3rd quarter. Point72 Hong Kong Ltd now owns 1,615 shares of the construction company’s stock worth $34,000 after acquiring an additional 1,020 shares in the last quarter. Clearstead Advisors LLC acquired a new position in PGT Innovations in the third quarter valued at approximately $42,000. UBS Group AG increased its stake in PGT Innovations by 22.2% in the third quarter. UBS Group AG now owns 4,524 shares of the construction company’s stock valued at $95,000 after purchasing an additional 822 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in PGT Innovations by 108.8% during the third quarter. Tower Research Capital LLC TRC now owns 4,722 shares of the construction company’s stock worth $99,000 after purchasing an additional 2,460 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of PGT Innovations by 35.0% during the 1st quarter. Captrust Financial Advisors now owns 6,136 shares of the construction company’s stock worth $110,000 after buying an additional 1,591 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PGT Innovations

In related news, Director Rodney Hershberger sold 2,500 shares of PGT Innovations stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $19.34, for a total value of $48,350.00. Following the transaction, the director now directly owns 1,358,138 shares in the company, valued at approximately $26,266,388.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Deborah L. Lapinska sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 13th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the sale, the vice president now directly owns 133,281 shares of the company’s stock, valued at approximately $2,665,620. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rodney Hershberger sold 2,500 shares of PGT Innovations stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $19.34, for a total value of $48,350.00. Following the completion of the sale, the director now owns 1,358,138 shares in the company, valued at $26,266,388.92. The disclosure for this sale can be found here. Insiders sold 37,500 shares of company stock worth $782,825 over the last 90 days. 4.50% of the stock is currently owned by insiders.

PGT Innovations Trading Down 2.1 %

Shares of PGT Innovations stock opened at $20.96 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.63 and a current ratio of 2.24. The company has a market capitalization of $1.26 billion, a P/E ratio of 12.78 and a beta of 1.42. PGT Innovations, Inc. has a 1 year low of $15.42 and a 1 year high of $23.89. The company’s fifty day moving average is $21.12 and its two-hundred day moving average is $20.53.

PGT Innovations (NYSE:PGTI – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The construction company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The company had revenue of $340.93 million for the quarter, compared to analysts’ expectations of $332.00 million. PGT Innovations had a return on equity of 19.35% and a net margin of 6.63%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 EPS. Analysts forecast that PGT Innovations, Inc. will post 1.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. StockNews.com assumed coverage on shares of PGT Innovations in a research report on Thursday. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on PGT Innovations from $30.00 to $26.00 in a research report on Tuesday, January 10th.

About PGT Innovations

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PGT Innovations, Inc engages in the manufacture and supply of windows and doors under the brand names PGT Custom Windows + Doors, CGI, WinDoor, Western Window Systems, Eze-Breeze, and CGI Commercial. It operates through the Southeast and Western geographical segments. The company was founded by Rodney Hershberger in 1980 and is headquartered in Nokomis, FL.