Russell Investments Group Ltd. boosted its position in PGT, Inc. (NYSE:PGTI) by 132.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 357,058 shares of the construction company’s stock after buying an additional 203,395 shares during the period. Russell Investments Group Ltd. owned approximately 0.72% of PGT worth $5,338,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lazard Asset Management LLC lifted its holdings in PGT by 12.2% in the second quarter. Lazard Asset Management LLC now owns 2,989,820 shares of the construction company’s stock valued at $38,269,000 after acquiring an additional 325,137 shares during the period. Jennison Associates LLC lifted its holdings in PGT by 2.0% in the third quarter. Jennison Associates LLC now owns 2,798,352 shares of the construction company’s stock valued at $41,835,000 after acquiring an additional 54,277 shares during the period. Vanguard Group Inc. lifted its holdings in PGT by 5.6% in the second quarter. Vanguard Group Inc. now owns 2,642,425 shares of the construction company’s stock valued at $33,823,000 after acquiring an additional 139,011 shares during the period. Dimensional Fund Advisors LP lifted its holdings in PGT by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,452,270 shares of the construction company’s stock valued at $31,388,000 after acquiring an additional 140,054 shares during the period. Finally, State Street Corp lifted its holdings in PGT by 7.0% in the second quarter. State Street Corp now owns 1,151,849 shares of the construction company’s stock valued at $14,745,000 after acquiring an additional 75,132 shares during the period. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Shares of PGT, Inc. (PGTI) traded down $0.15 during mid-day trading on Tuesday, hitting $16.15. The stock had a trading volume of 218,100 shares, compared to its average volume of 317,658. The company has a current ratio of 3.67, a quick ratio of 2.71 and a debt-to-equity ratio of 1.50. The firm has a market cap of $809.47, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 1.80 and a beta of 1.21. PGT, Inc. has a twelve month low of $10.00 and a twelve month high of $16.50.

PGT (NYSE:PGTI) last announced its earnings results on Thursday, November 2nd. The construction company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.03). The business had revenue of $126.90 million for the quarter, compared to analyst estimates of $129.82 million. PGT had a return on equity of 19.02% and a net margin of 4.87%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 earnings per share. research analysts forecast that PGT, Inc. will post 0.56 EPS for the current year.

In related news, Director Richard D. Feintuch sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $16.05, for a total transaction of $802,500.00. Following the completion of the sale, the director now directly owns 75,508 shares in the company, valued at $1,211,903.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William J. Morgan sold 41,395 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $15.71, for a total value of $650,315.45. Following the sale, the director now owns 75,508 shares of the company’s stock, valued at $1,186,230.68. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

A number of brokerages have issued reports on PGTI. Royal Bank of Canada reissued a “buy” rating on shares of PGT in a report on Thursday, November 30th. B. Riley boosted their price target on PGT from $15.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Dougherty & Co raised PGT from a “neutral” rating to a “buy” rating in a report on Friday, November 3rd. BidaskClub downgraded PGT from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Finally, KeyCorp reissued a “hold” rating on shares of PGT in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. PGT has an average rating of “Buy” and an average price target of $16.67.

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PGT 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 (NYSE:PGTI)

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