PGT Innovations, Inc. (NYSE:PGTI) Shares Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System raised its position in PGT Innovations, Inc. (NYSE:PGTI – Get Rating) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,735 shares of the construction company’s stock after buying an additional 740 shares during the period. State Board of Administration of Florida Retirement System’s holdings in PGT Innovations were worth $211,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in PGT Innovations by 0.8% in the 3rd quarter. Victory Capital Management Inc. now owns 87,450 shares of the construction company’s stock worth $1,833,000 after purchasing an additional 652 shares in the last quarter. FourThought Financial Partners LLC purchased a new position in PGT Innovations in the 4th quarter worth approximately $192,000. Summit Global Investments lifted its stake in PGT Innovations by 176.9% in the 3rd quarter. Summit Global Investments now owns 37,388 shares of the construction company’s stock worth $784,000 after purchasing an additional 23,888 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in PGT Innovations in the 3rd quarter worth approximately $5,315,000. Finally, Systematic Financial Management LP lifted its stake in PGT Innovations by 0.7% in the 3rd quarter. Systematic Financial Management LP now owns 1,025,827 shares of the construction company’s stock worth $21,501,000 after purchasing an additional 7,619 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com raised shares of PGT Innovations from a “hold” rating to a “buy” rating in a research note on Monday, May 15th. Truist Financial lifted their price target on shares of PGT Innovations from $27.00 to $29.00 in a research report on Monday, May 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of PGT Innovations from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, April 3rd.

PGT Innovations Stock Down 0.4 %

PGTI stock opened at $25.46 on Tuesday. The firm has a market cap of $1.50 billion, a PE ratio of 13.91 and a beta of 1.46. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.80 and a current ratio of 2.52. The firm’s 50 day moving average price is $24.60 and its 200-day moving average price is $21.71. PGT Innovations, Inc. has a one year low of $15.42 and a one year high of $26.93.

PGT Innovations (NYSE:PGTI – Get Rating) last posted its earnings results on Wednesday, February 22nd. The construction company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). PGT Innovations had a net margin of 7.38% and a return on equity of 20.09%. The company had revenue of $340.93 million during the quarter, compared to analyst estimates of $332.00 million. During the same quarter last year, the business posted $0.31 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities research analysts anticipate that PGT Innovations, Inc. will post 1.83 EPS for the current year.

Insider Activity at PGT Innovations

In related news, Director Rodney Hershberger sold 2,500 shares of PGT Innovations stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $25.56, for a total value of $63,900.00. Following the completion of the sale, the director now owns 1,348,138 shares in the company, valued at approximately $34,458,407.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Deborah L. Lapinska sold 10,000 shares of the company’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $25.04, for a total transaction of $250,400.00. Following the sale, the insider now owns 112,612 shares of the company’s stock, valued at $2,819,804.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rodney Hershberger sold 2,500 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $25.56, for a total value of $63,900.00. Following the sale, the director now directly owns 1,348,138 shares in the company, valued at approximately $34,458,407.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,500 shares of company stock worth $899,250. Insiders own 4.50% of the company’s stock.

PGT Innovations Company Profile

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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.