Russell Investments Group Ltd. Buys 78,573 Shares of PGT Innovations Inc (NYSE:PGTI)

Russell Investments Group Ltd. lifted its stake in shares of PGT Innovations Inc (NYSE:PGTI) by 19.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 489,901 shares of the construction company’s stock after purchasing an additional 78,573 shares during the quarter. Russell Investments Group Ltd. owned 0.84% of PGT Innovations worth $8,457,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. US Bancorp DE boosted its position in PGT Innovations by 3.1% during the 2nd quarter. US Bancorp DE now owns 25,756 shares of the construction company’s stock worth $430,000 after buying an additional 772 shares during the period. Arizona State Retirement System boosted its position in PGT Innovations by 1.0% during 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 during the period. Bank of Montreal Can boosted its position in PGT Innovations by 18.8% during the 2nd quarter. Bank of Montreal Can now owns 5,956 shares of the construction company’s stock worth $100,000 after buying an additional 944 shares during the period. Aperio Group LLC boosted its position in PGT Innovations by 6.2% during the 2nd quarter. Aperio Group LLC now owns 21,567 shares of the construction company’s stock worth $361,000 after buying an additional 1,258 shares during the period. Finally, Spitfire Capital LLC boosted its position in PGT Innovations by 0.6% during the 2nd quarter. Spitfire Capital LLC now owns 274,047 shares of the construction company’s stock worth $4,582,000 after buying an additional 1,700 shares during the period. 91.45% of the stock is currently owned by institutional investors.

Several research firms recently commented on PGTI. Zacks Investment Research downgraded shares of PGT Innovations from a “hold” rating to a “strong sell” rating in a research report on Thursday. Gabelli upgraded shares of PGT Innovations from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Friday, August 2nd. ValuEngine downgraded shares of PGT Innovations from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, G.Research reiterated a “buy” rating on shares of PGT Innovations in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $21.00.

In other news, insider Robert Andrew Keller purchased 3,500 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average price of $14.15 per share, for a total transaction of $49,525.00. Following the transaction, the insider now owns 29,328 shares of the company’s stock, valued at $414,991.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Rodney Hershberger sold 23,970 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $14.13, for a total transaction of $338,696.10. Following the completion of the transaction, the director now owns 1,234,230 shares in the company, valued at approximately $17,439,669.90. The disclosure for this sale can be found here. Insiders sold a total of 58,695 shares of company stock worth $945,882 in the last 90 days. Corporate insiders own 5.80% of the company’s stock.

Shares of NYSE PGTI opened at $14.78 on Friday. The company has a market capitalization of $863.81 million, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. PGT Innovations Inc has a 52-week low of $13.30 and a 52-week high of $20.05. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.83 and a current ratio of 3.56. The company’s 50 day moving average price is $17.22 and its 200-day moving average price is $16.01.

PGT Innovations (NYSE:PGTI) last issued its quarterly earnings results on Thursday, November 7th. The construction company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). The firm had revenue of $197.82 million during the quarter, compared to analyst estimates of $196.78 million. PGT Innovations had a return on equity of 13.67% and a net margin of 6.69%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. Analysts forecast that PGT Innovations Inc will post 0.82 earnings per share for the current year.

PGT Innovations Company Profile

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

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