Metropolitan Life Insurance Co NY Acquires 1,667 Shares of PGT Innovations Inc (NYSE:PGTI)
Metropolitan Life Insurance Co NY lifted its holdings in shares of PGT Innovations Inc (NYSE:PGTI) by 9.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,663 shares of the construction company’s stock after buying an additional 1,667 shares during the period. Metropolitan Life Insurance Co NY’s holdings in PGT Innovations were worth $322,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Arizona State Retirement System increased its holdings in PGT Innovations by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 90,509 shares of the construction company’s stock worth $1,513,000 after buying an additional 908 shares in the last quarter. Creative Planning purchased a new position in shares of PGT Innovations during the second quarter valued at approximately $173,000. Aperio Group LLC raised its holdings in shares of PGT Innovations by 6.2% during the second quarter. Aperio Group LLC now owns 21,567 shares of the construction company’s stock valued at $361,000 after purchasing an additional 1,258 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in PGT Innovations in the second quarter worth approximately $188,000. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in PGT Innovations in the second quarter worth approximately $4,183,000. 92.73% of the stock is currently owned by institutional investors.
Shares of PGTI stock opened at $15.05 on Friday. PGT Innovations Inc has a 12-month low of $13.30 and a 12-month high of $18.48. The company has a current ratio of 3.56, a quick ratio of 2.83 and a debt-to-equity ratio of 0.92. The firm’s 50 day moving average is $15.44 and its 200 day moving average is $15.88. The stock has a market capitalization of $879.00 million, a P/E ratio of 12.75, a P/E/G ratio of 2.19 and a beta of 0.90.
In other PGT Innovations news, Director Rodney Hershberger sold 11,938 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $14.44, for a total value of $172,384.72. Following the transaction, the director now directly owns 1,313,928 shares in the company, valued at $18,973,120.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 46,663 shares of company stock worth $779,571 over the last quarter. Insiders own 5.80% of the company’s stock.
PGTI has been the topic of several research reports. Zacks Investment Research cut shares of PGT Innovations from a “hold” rating to a “strong sell” rating in a report on Thursday, November 14th. ValuEngine cut shares of PGT Innovations from a “buy” rating to a “hold” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $21.00.
About PGT Innovations
PGT Innovations, Inc manufactures and supplies impact-resistant residential windows and doors in the Southeastern United States, Western United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. It 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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