Swiss National Bank Increases Stock Position in PGT Innovations, Inc. (NYSE:PGTI)

Swiss National Bank increased its stake in shares of PGT Innovations, Inc. (NYSE:PGTI – Get Rating) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 144,800 shares of the construction company’s stock after buying an additional 2,700 shares during the period. Swiss National Bank owned about 0.24% of PGT Innovations worth $2,601,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. increased its stake in shares of PGT Innovations by 0.8% in the third quarter. Victory Capital Management Inc. now owns 87,450 shares of the construction company’s stock worth $1,833,000 after buying an additional 652 shares during the period. FourThought Financial Partners LLC bought a new stake in PGT Innovations during the 4th quarter worth approximately $192,000. Summit Global Investments raised its position in shares of PGT Innovations by 176.9% during the third quarter. Summit Global Investments now owns 37,388 shares of the construction company’s stock valued at $784,000 after buying an additional 23,888 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of PGT Innovations in the third quarter valued at $5,315,000. Finally, Systematic Financial Management LP grew its holdings in shares of PGT Innovations by 0.7% in the third quarter. Systematic Financial Management LP now owns 1,025,827 shares of the construction company’s stock valued at $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.

Insiders Place Their Bets

In other news, Director Rodney Hershberger sold 2,500 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $21.21, for a total transaction of $53,025.00. Following the completion of the transaction, the director now directly owns 1,353,138 shares in the company, valued at approximately $28,700,056.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Deborah L. Lapinska sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $25.04, for a total transaction of $250,400.00. Following the completion of the transaction, the insider now directly owns 112,612 shares in the company, valued at approximately $2,819,804.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rodney Hershberger sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $21.21, for a total value of $53,025.00. Following the transaction, the director now owns 1,353,138 shares of the company’s stock, valued at $28,700,056.98. The disclosure for this sale can be found here. Insiders sold 37,500 shares of company stock valued at $899,250 in the last three months. 4.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on PGTI shares. Truist Financial lifted their price objective on shares of PGT Innovations from $27.00 to $29.00 in a research note on Monday, May 15th. StockNews.com upgraded shares of PGT Innovations from a “hold” rating to a “buy” rating in a report on Monday, May 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of PGT Innovations from $29.00 to $33.00 and gave the company a “buy” rating in a report on Monday, April 3rd.

PGT Innovations Trading Up 1.2 %

Shares of PGTI stock opened at $25.71 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.52 and a quick ratio of 1.80. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 14.05 and a beta of 1.46. The stock has a 50 day simple moving average of $24.78 and a 200-day simple moving average of $21.77. PGT Innovations, Inc. has a 1-year low of $15.42 and a 1-year high of $26.93.

PGT Innovations (NYSE:PGTI – Get Rating) last issued its 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). PGT Innovations had a return on equity of 20.09% and a net margin of 7.38%. The company had revenue of $340.93 million during the quarter, compared to analyst estimates of $332.00 million. During the same period last year, the business earned $0.31 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts expect that PGT Innovations, Inc. will post 1.9 EPS for the current fiscal year.

PGT Innovations 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.