Icon Advisers Inc. Co. cut its holdings in shares of PGT Innovations Inc (NYSE:PGTI) by 52.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,900 shares of the construction company’s stock after selling 24,800 shares during the quarter. Icon Advisers Inc. Co.’s holdings in PGT Innovations were worth $495,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. BlackRock Inc. raised its position in PGT Innovations by 21.5% during the 2nd quarter. BlackRock Inc. now owns 8,619,651 shares of the construction company’s stock worth $179,719,000 after buying an additional 1,528,193 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of PGT Innovations by 6.4% during the 2nd quarter. Renaissance Technologies LLC now owns 3,877,729 shares of the construction company’s stock worth $80,851,000 after purchasing an additional 232,300 shares during the period. Hood River Capital Management LLC grew its stake in shares of PGT Innovations by 4.0% during the 2nd quarter. Hood River Capital Management LLC now owns 690,629 shares of the construction company’s stock worth $14,400,000 after purchasing an additional 26,736 shares during the period. Northern Trust Corp grew its stake in shares of PGT Innovations by 4.0% during the 2nd quarter. Northern Trust Corp now owns 646,667 shares of the construction company’s stock worth $13,484,000 after purchasing an additional 24,811 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of PGT Innovations by 29.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 434,354 shares of the construction company’s stock worth $9,380,000 after purchasing an additional 100,017 shares during the period. 79.38% of the stock is owned by institutional investors.

A number of equities research analysts have recently commented on the stock. ValuEngine cut shares of PGT Innovations from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd. Deutsche Bank raised their price objective on shares of PGT Innovations from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, November 5th. B. Riley raised their price objective on shares of PGT Innovations from $20.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Wells Fargo & Co assumed coverage on shares of PGT Innovations in a research note on Thursday, October 4th. They set an “outperform” rating and a $25.00 price objective on the stock. Finally, Jefferies Financial Group assumed coverage on shares of PGT Innovations in a research note on Thursday, October 4th. They set a “buy” rating and a $27.00 price objective on the stock. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $22.89.

Shares of NYSE PGTI opened at $21.18 on Friday. The company has a market cap of $1.23 billion, a PE ratio of 34.72, a PEG ratio of 0.91 and a beta of 0.89. PGT Innovations Inc has a 12 month low of $14.50 and a 12 month high of $26.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.16 and a current ratio of 2.82.

PGT Innovations (NYSE:PGTI) last released its quarterly earnings results on Thursday, November 1st. The construction company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. PGT Innovations had a net margin of 9.92% and a return on equity of 25.71%. The firm had revenue of $199.08 million for the quarter, compared to analysts’ expectations of $165.62 million. During the same quarter last year, the company earned $0.16 EPS. The firm’s revenue for the quarter was up 56.9% compared to the same quarter last year. As a group, analysts forecast that PGT Innovations Inc will post 1.17 EPS for the current fiscal year.

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About PGT Innovations

PGT Innovations, Inc manufactures and supplies residential impact-resistant windows and doors in the Southeastern United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. The company offers heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact vinyl windows with insulating glass and multi-chambered frames for various climate zones.

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Institutional Ownership by Quarter for PGT Innovations (NYSE:PGTI)

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