TD Asset Management Inc. Has $755,000 Position in PGT Innovations Inc (PGTI)
TD Asset Management Inc. boosted its stake in shares of PGT Innovations Inc (NASDAQ:PGTI) by 6.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,005 shares of the construction company’s stock after buying an additional 3,316 shares during the period. TD Asset Management Inc. owned about 0.12% of PGT Innovations worth $755,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of PGTI. Alambic Investment Management L.P. bought a new stake in shares of PGT Innovations during the first quarter valued at approximately $447,000. Oxford Asset Management boosted its stake in shares of PGT Innovations by 583.7% in the first quarter. Oxford Asset Management now owns 144,377 shares of the construction company’s stock valued at $1,552,000 after buying an additional 123,261 shares during the period. Cooke & Bieler LP boosted its stake in shares of PGT Innovations by 12.7% in the first quarter. Cooke & Bieler LP now owns 2,670,640 shares of the construction company’s stock valued at $28,709,000 after buying an additional 300,870 shares during the period. Hood River Capital Management LLC boosted its stake in shares of PGT Innovations by 3.0% in the first quarter. Hood River Capital Management LLC now owns 582,720 shares of the construction company’s stock valued at $6,264,000 after buying an additional 16,734 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of PGT Innovations by 49.7% in the first quarter. Parametric Portfolio Associates LLC now owns 34,250 shares of the construction company’s stock valued at $368,000 after buying an additional 11,370 shares during the period. 96.80% of the stock is currently owned by institutional investors and hedge funds.
Shares of PGT Innovations Inc (NASDAQ:PGTI) opened at 13.10 on Wednesday. PGT Innovations Inc has a 52 week low of $9.50 and a 52 week high of $13.85. The firm has a market cap of $649.79 million, a PE ratio of 23.43 and a beta of 0.93. The company has a 50 day moving average of $12.96 and a 200 day moving average of $11.67.
PGT Innovations (NASDAQ:PGTI) last posted its earnings results on Thursday, August 3rd. The construction company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. The company had revenue of $137.38 million during the quarter, compared to analyst estimates of $127.79 million. PGT Innovations had a return on equity of 28.98% and a net margin of 7.46%. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 EPS. On average, equities research analysts anticipate that PGT Innovations Inc will post $0.60 EPS for the current fiscal year.
PGTI has been the subject of several recent analyst reports. TheStreet upgraded shares of PGT Innovations from a “c+” rating to a “b-” rating in a research note on Thursday, June 22nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $13.00 price objective on shares of PGT Innovations in a research note on Friday, May 5th. FBR & Co reiterated a “buy” rating and issued a $15.00 price objective (up previously from $13.00) on shares of PGT Innovations in a research note on Monday, August 21st. Zacks Investment Research upgraded shares of PGT Innovations from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, Raymond James Financial, Inc. cut shares of PGT Innovations from an “outperform” rating to a “market perform” rating in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $14.00.
In other news, Director Brett N. Milgrim sold 8,894 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $13.10, for a total transaction of $116,511.40. Following the completion of the transaction, the director now directly owns 55,760 shares in the company, valued at approximately $730,456. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brett N. Milgrim sold 8,322 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $13.33, for a total value of $110,932.26. Following the transaction, the director now owns 64,654 shares of the company’s stock, valued at $861,837.82. The disclosure for this sale can be found here. Insiders have sold a total of 66,675 shares of company stock valued at $879,808 over the last 90 days. Corporate insiders own 6.50% of the company’s stock.
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.
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