PGT Innovations, Inc. (NYSE:PGTI) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its position in shares of PGT Innovations, Inc. (NYSE:PGTI) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,825 shares of the construction company’s stock after selling 1,661 shares during the period. Yousif Capital Management LLC owned 0.05% of PGT Innovations worth $1,255,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PGTI. Parkside Financial Bank & Trust increased its holdings in shares of PGT Innovations by 367.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,066 shares of the construction company’s stock valued at $30,000 after acquiring an additional 838 shares during the period. SRS Capital Advisors Inc. acquired a new position in PGT Innovations in the third quarter valued at $44,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of PGT Innovations by 27.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,679 shares of the construction company’s stock valued at $269,000 after buying an additional 2,075 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of PGT Innovations by 8.1% during the third quarter. Mackenzie Financial Corp now owns 10,759 shares of the construction company’s stock worth $290,000 after buying an additional 804 shares during the period. Finally, Inspire Investing LLC grew its holdings in shares of PGT Innovations by 3.7% during the third quarter. Inspire Investing LLC now owns 11,147 shares of the construction company’s stock worth $309,000 after buying an additional 397 shares during the last quarter. Hedge funds and other institutional investors own 81.60% of the company’s stock.

PGT Innovations Stock Performance

NYSE PGTI opened at $41.99 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.45 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $2.40 billion, a P/E ratio of 23.07, a P/E/G ratio of 1.05 and a beta of 1.44. PGT Innovations, Inc. has a 52-week low of $22.66 and a 52-week high of $42.00. The firm has a 50-day moving average price of $41.93 and a 200 day moving average price of $38.57.

PGT Innovations (NYSE:PGTI) last issued its earnings results on Tuesday, February 20th. The construction company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.11). PGT Innovations had a return on equity of 18.46% and a net margin of 7.25%. The business had revenue of $342.50 million for the quarter, compared to analysts’ expectations of $339.15 million. During the same period last year, the company posted $0.28 earnings per share. The business’s quarterly revenue was up .5% on a year-over-year basis. Equities research analysts expect that PGT Innovations, Inc. will post 2.48 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PGTI. StockNews.com started coverage on PGT Innovations in a research report on Saturday. They set a “buy” rating for the company. Truist Financial cut their price target on PGT Innovations from $43.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, January 18th.

About PGT Innovations

PGT Innovations, Inc, together with its subsidiaries, engages in the manufacture and supply of impact-resistant aluminum frame windows and doors in the United States and internationally. The company provides heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact resistant vinyl windows with insulating glass and multi-chambered frames for various climate zones.