Schwab Charles Investment Management Inc. boosted its stake in shares of PGT Innovations Inc (NASDAQ:PGTI) by 5.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 209,171 shares of the construction company’s stock after buying an additional 11,238 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.42% of PGT Innovations worth $2,249,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Mason Street Advisors LLC raised its stake in PGT Innovations by 7.0% in the first quarter. Mason Street Advisors LLC now owns 11,457 shares of the construction company’s stock valued at $123,000 after buying an additional 750 shares during the period. Louisiana State Employees Retirement System raised its stake in PGT Innovations by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the construction company’s stock valued at $215,000 after buying an additional 300 shares during the period. Sei Investments Co. raised its stake in 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 during the period. Gamco Investors INC. ET AL purchased a new stake in PGT Innovations during the first quarter valued at $264,000. Finally, Arizona State Retirement System raised its stake in PGT Innovations by 1.2% in the first quarter. Arizona State Retirement System now owns 25,535 shares of the construction company’s stock valued at $275,000 after buying an additional 300 shares during the period. 96.80% of the stock is currently owned by institutional investors.
PGT Innovations Inc (NASDAQ:PGTI) traded up 1.99% during mid-day trading on Thursday, hitting $12.80. The company had a trading volume of 46,069 shares. The company has a market cap of $634.91 million, a PE ratio of 22.90 and a beta of 0.93. PGT Innovations Inc has a one year low of $9.50 and a one year high of $13.85. The company’s 50 day moving average price is $12.95 and its 200-day moving average price is $11.66.
PGT Innovations (NASDAQ:PGTI) last issued its quarterly earnings data 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 business 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 firm’s revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. Equities research analysts anticipate that PGT Innovations Inc will post $0.60 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Schwab Charles Investment Management Inc. Raises Position in PGT Innovations Inc (PGTI)” was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://stocknewstimes.com/2017/08/24/schwab-charles-investment-management-inc-raises-position-in-pgt-innovations-inc-pgti.html.
Several analysts have weighed in on the company. Zacks Investment Research raised PGT Innovations from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Royal Bank Of Canada reissued a “buy” rating and issued a $13.00 target price on shares of PGT Innovations in a report on Monday, May 15th. BidaskClub lowered PGT Innovations from a “hold” rating to a “sell” rating in a report on Thursday. TheStreet raised PGT Innovations from a “c+” rating to a “b-” rating in a report on Thursday, June 22nd. Finally, FBR & Co reissued a “buy” rating and issued a $15.00 target price (up previously from $13.00) on shares of PGT Innovations in a report on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $14.00.
In related news, Director Brett N. Milgrim sold 8,322 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $13.33, for a total transaction of $110,932.26. Following the sale, the director now owns 64,654 shares of the company’s stock, valued at approximately $861,837.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brett N. Milgrim sold 8,894 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $13.10, for a total value of $116,511.40. Following the sale, the director now directly owns 55,760 shares in the company, valued at approximately $730,456. The disclosure for this sale can be found here. Insiders have sold a total of 66,675 shares of company stock worth $879,808 in the last ninety days. 6.50% of the stock is currently owned by company insiders.
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.
Want to see what other hedge funds are holding PGTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PGT Innovations Inc (NASDAQ:PGTI).
Receive News & Ratings for PGT Innovations Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PGT Innovations Inc and related companies with MarketBeat.com's FREE daily email newsletter.
