PGT Innovations Inc (NYSE:PGTI) Position Lowered by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. trimmed its position in shares of PGT Innovations Inc (NYSE:PGTI) by 41.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,500 shares of the construction company’s stock after selling 53,500 shares during the period. Daiwa Securities Group Inc. owned approximately 0.15% of PGT Innovations worth $1,289,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PGTI. Piedmont Investment Advisors LLC bought a new position in PGT Innovations during the 2nd quarter worth approximately $137,000. Empirical Finance LLC bought a new position in PGT Innovations during the 3rd quarter worth approximately $160,000. Campbell & CO Investment Adviser LLC bought a new position in PGT Innovations during the 3rd quarter worth approximately $170,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of PGT Innovations during the 3rd quarter worth approximately $177,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of PGT Innovations during the 4th quarter worth approximately $258,000. Hedge funds and other institutional investors own 88.32% of the company’s stock.

Several analysts recently issued reports on PGTI shares. B. Riley lifted their price target on shares of PGT Innovations from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Dougherty & Co reaffirmed a “buy” rating and set a $19.00 price objective (up from $18.00) on shares of PGT Innovations in a report on Thursday, February 8th. Royal Bank of Canada reiterated a “buy” rating and set a $17.00 target price on shares of PGT Innovations in a research note on Wednesday, November 15th. Finally, Zacks Investment Research upgraded PGT Innovations from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. PGT Innovations has an average rating of “Buy” and a consensus target price of $17.80.

Shares of PGT Innovations Inc (NYSE PGTI) opened at $17.70 on Friday. PGT Innovations Inc has a 52-week low of $10.00 and a 52-week high of $18.00. The company has a current ratio of 3.49, a quick ratio of 2.71 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $861.61, a PE ratio of 22.99, a PEG ratio of 1.42 and a beta of 1.06.

PGT Innovations (NYSE:PGTI) last issued its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The company had revenue of $134.10 million during the quarter, compared to analyst estimates of $118.32 million. PGT Innovations had a return on equity of 20.52% and a net margin of 7.80%. PGT Innovations’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 earnings per share. sell-side analysts predict that PGT Innovations Inc will post 0.76 EPS for the current year.

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PGT Innovations Company Profile

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.

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

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