PGT Innovations Inc (PGTI) Shares Bought by Ameriprise Financial Inc.
Ameriprise Financial Inc. boosted its stake in PGT Innovations Inc (NASDAQ:PGTI) by 4.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 255,445 shares of the construction company’s stock after buying an additional 11,760 shares during the period. Ameriprise Financial Inc. owned 0.52% of PGT Innovations worth $2,746,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. TD Asset Management Inc. boosted its position in shares of PGT Innovations by 52.6% in the first quarter. TD Asset Management Inc. now owns 55,689 shares of the construction company’s stock valued at $599,000 after buying an additional 19,184 shares during the period. Sei Investments Co. raised its stake in shares of PGT Innovations by 19.2% in the first quarter. Sei Investments Co. now owns 24,444 shares of the construction company’s stock valued at $263,000 after buying an additional 3,934 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of PGT Innovations during the first quarter valued at $264,000. Bank of New York Mellon Corp raised its stake in shares of PGT Innovations by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 541,037 shares of the construction company’s stock valued at $5,815,000 after buying an additional 8,272 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of PGT Innovations by 4.5% in the first quarter. American Century Companies Inc. now owns 780,983 shares of the construction company’s stock valued at $8,396,000 after buying an additional 33,878 shares in the last quarter. Hedge funds and other institutional investors own 96.80% of the company’s stock.
PGT Innovations Inc (NASDAQ PGTI) traded down 1.84% during trading on Friday, hitting $13.35. The company had a trading volume of 471,580 shares. The company has a market capitalization of $659.77 million, a price-to-earnings ratio of 26.81 and a beta of 0.93. PGT Innovations Inc has a 12-month low of $9.50 and a 12-month high of $13.40. The firm has a 50-day moving average of $12.68 and a 200 day moving average of $11.49.
PGT Innovations (NASDAQ:PGTI) last announced its earnings results on Thursday, August 3rd. The construction company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. The firm had revenue of $137.38 million for the quarter, compared to the consensus estimate of $127.79 million. PGT Innovations had a return on equity of 8.95% and a net margin of 2.66%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 EPS. On average, equities research analysts forecast that PGT Innovations Inc will post $0.59 earnings per share for the current year.
Several equities research analysts have weighed in on PGTI shares. Raymond James Financial, Inc. lowered PGT Innovations from an “outperform” rating to a “market perform” rating in a research report on Friday. Zacks Investment Research upgraded PGT Innovations from a “sell” rating to a “hold” rating in a research report on Thursday, April 6th. Royal Bank Of Canada reiterated a “buy” rating and issued a $13.00 price target on shares of PGT Innovations in a research report on Friday, May 5th. Finally, TheStreet upgraded PGT Innovations from a “c+” rating to a “b-” rating in a research report on Thursday, June 22nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.00.
About PGT Innovations
PGT Innovations, Inc, formerly PGT, Inc, is a manufacturer of impact-resistant windows and doors. The Company’s brands include CGI, PGT Windows + Doors and WinDoor. CGI serves residential and commercial markets in both new and existing construction. CGI manufacturing and delivery facilities are based in Miami, Florida.
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