Arizona State Retirement System Sells 409 Shares of PGT Innovations, Inc. (NYSE:PGTI)

Arizona State Retirement System decreased its position in PGT Innovations, Inc. (NYSE:PGTI) by 2.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,312 shares of the construction company’s stock after selling 409 shares during the period. Arizona State Retirement System’s holdings in PGT Innovations were worth $664,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PGTI. BlackRock Inc. grew its stake in PGT Innovations by 6.6% in the third quarter. BlackRock Inc. now owns 9,859,162 shares of the construction company’s stock valued at $206,646,000 after acquiring an additional 610,447 shares during the period. Vanguard Group Inc. grew its position in shares of PGT Innovations by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,261,432 shares of the construction company’s stock valued at $118,255,000 after purchasing an additional 269,699 shares during the period. Wellington Management Group LLP increased its stake in PGT Innovations by 8.2% during the 3rd quarter. Wellington Management Group LLP now owns 3,573,418 shares of the construction company’s stock worth $99,162,000 after purchasing an additional 269,891 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in PGT Innovations by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,543,132 shares of the construction company’s stock worth $63,851,000 after purchasing an additional 69,856 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in PGT Innovations by 0.5% during the 1st quarter. Lazard Asset Management LLC now owns 2,368,006 shares of the construction company’s stock worth $42,576,000 after buying an additional 10,839 shares during the period. Institutional investors own 81.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PGTI. Truist Financial reduced their price target on shares of PGT Innovations from $43.00 to $42.00 and set a “hold” rating for the company in a report on Thursday, January 18th. StockNews.com began coverage on PGT Innovations in a report on Thursday. They set a “buy” rating for the company.

PGT Innovations Stock Performance

NYSE:PGTI opened at $41.99 on Friday. The company has a market cap of $2.40 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 1.05 and a beta of 1.44. PGT Innovations, Inc. has a twelve month low of $22.66 and a twelve month high of $42.00. The business has a 50 day moving average price of $41.81 and a two-hundred day moving average price of $37.56. The company has a quick ratio of 1.61, a current ratio of 2.45 and a debt-to-equity ratio of 0.93.

PGT Innovations (NYSE:PGTI) last announced its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.11). The business had revenue of $342.50 million during the quarter, compared to the consensus estimate of $339.15 million. PGT Innovations had a return on equity of 18.46% and a net margin of 7.25%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS. As a group, analysts expect that PGT Innovations, Inc. will post 2.48 EPS for the current fiscal year.

PGT Innovations Company Profile

PGT Innovations, Inc, together with its subsidiaries, engages in the manufacture and supply of impact-resistant aluminum frame windows and doors in the United States and internationally. The company provides heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact resistant vinyl windows with insulating glass and multi-chambered frames for various climate zones.