9,901 Shares in PGT Innovations Inc (PGTI) Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. acquired a new stake in shares of PGT Innovations Inc (NYSE:PGTI) during the third quarter, Holdings Channel reports. The institutional investor acquired 9,901 shares of the construction company’s stock, valued at approximately $214,000.

Several other large investors also recently added to or reduced their stakes in the stock. Alambic Investment Management L.P. raised its stake in shares of PGT Innovations by 5.4% during the 2nd quarter. Alambic Investment Management L.P. now owns 49,200 shares of the construction company’s stock valued at $1,026,000 after purchasing an additional 2,500 shares during the period. Louisiana State Employees Retirement System increased its stake in PGT Innovations by 14.3% in the 3rd quarter. Louisiana State Employees Retirement System now owns 25,600 shares of the construction company’s stock worth $553,000 after acquiring an additional 3,200 shares during the last quarter. Texas Permanent School Fund increased its stake in PGT Innovations by 13.0% in the 3rd quarter. Texas Permanent School Fund now owns 36,439 shares of the construction company’s stock worth $787,000 after acquiring an additional 4,184 shares during the last quarter. Rhumbline Advisers increased its stake in PGT Innovations by 4.1% in the 2nd quarter. Rhumbline Advisers now owns 117,800 shares of the construction company’s stock worth $2,456,000 after acquiring an additional 4,672 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in PGT Innovations by 6.3% in the 2nd quarter. Legal & General Group Plc now owns 98,290 shares of the construction company’s stock worth $2,041,000 after acquiring an additional 5,800 shares during the last quarter. Institutional investors own 79.38% of the company’s stock.

Shares of NYSE PGTI opened at $21.18 on Friday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 0.91 and a beta of 0.89. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.16 and a current ratio of 2.82. PGT Innovations Inc has a twelve month low of $14.50 and a twelve month high of $26.40.

PGT Innovations (NYSE:PGTI) last announced its earnings results on Thursday, November 1st. The construction company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. PGT Innovations had a return on equity of 25.71% and a net margin of 9.92%. The business had revenue of $199.08 million for the quarter, compared to analyst estimates of $165.62 million. During the same period in the prior year, the company earned $0.16 EPS. The company’s quarterly revenue was up 56.9% compared to the same quarter last year. Research analysts forecast that PGT Innovations Inc will post 1.17 EPS for the current fiscal year.

A number of brokerages have weighed in on PGTI. ValuEngine lowered PGT Innovations from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd. Deutsche Bank upped their target price on PGT Innovations from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, November 5th. B. Riley upped their target price on PGT Innovations from $20.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Wells Fargo & Co began coverage on PGT Innovations in a research note on Thursday, October 4th. They issued an “outperform” rating and a $25.00 target price on the stock. Finally, Jefferies Financial Group began coverage on PGT Innovations in a research note on Thursday, October 4th. They issued a “buy” rating and a $27.00 target price on the stock. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $22.89.

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PGT Innovations Company Profile

PGT Innovations, Inc manufactures and supplies residential impact-resistant windows and doors in the Southeastern United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. The company 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.

Further Reading: Inflation

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

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