TIAA CREF Investment Management LLC reduced its position in shares of PGT Innovations Inc (NASDAQ:PGTI) by 0.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,282 shares of the construction company’s stock after selling 799 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.26% of PGT Innovations worth $1,668,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PGTI. Bank of New York Mellon Corp raised its holdings in PGT Innovations by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 541,037 shares of the construction company’s stock worth $5,815,000 after purchasing an additional 8,272 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in PGT Innovations by 4.8% during the first quarter. Ameriprise Financial Inc. now owns 255,445 shares of the construction company’s stock worth $2,746,000 after purchasing an additional 11,760 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in PGT Innovations by 49.7% during the first quarter. Parametric Portfolio Associates LLC now owns 34,250 shares of the construction company’s stock worth $368,000 after purchasing an additional 11,370 shares in the last quarter. Arizona State Retirement System raised its holdings in PGT Innovations by 1.2% during the first quarter. Arizona State Retirement System now owns 25,535 shares of the construction company’s stock worth $275,000 after purchasing an additional 300 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in PGT Innovations by 268.3% during the first quarter. Alliancebernstein L.P. now owns 191,500 shares of the construction company’s stock worth $2,059,000 after purchasing an additional 139,500 shares in the last quarter. 96.80% of the stock is owned by hedge funds and other institutional investors.

In other PGT Innovations news, Director Brett N. Milgrim sold 8,894 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $13.10, for a total value of $116,511.40. Following the completion of the transaction, the director now directly owns 55,760 shares of the company’s stock, valued at $730,456. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard D. Feintuch sold 49,459 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $13.19, for a total transaction of $652,364.21. Following the completion of the transaction, the director now directly owns 81,051 shares of the company’s stock, valued at $1,069,062.69. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,675 shares of company stock valued at $879,808. 6.50% of the stock is currently owned by corporate insiders.

PGT Innovations Inc (NASDAQ PGTI) opened at $14.85 on Friday. PGT Innovations Inc has a 1-year low of $9.60 and a 1-year high of $15.10. The company has a debt-to-equity ratio of 1.94, a current ratio of 3.72 and a quick ratio of 2.76.

PGT Innovations (NASDAQ:PGTI) last issued its earnings results on Thursday, November 2nd. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.03). PGT Innovations had a net margin of 7.46% and a return on equity of 28.98%. The company had revenue of $126.90 million during the quarter, compared to analysts’ expectations of $129.82 million. During the same period last year, the business posted $0.19 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis.

Several research analysts recently issued reports on PGTI shares. BidaskClub raised shares of PGT Innovations from a “sell” rating to a “hold” rating in a report on Friday, September 8th. SunTrust Banks, Inc. reissued a “buy” rating on shares of PGT Innovations in a report on Tuesday, September 12th. Dougherty & Co raised shares of PGT Innovations from a “neutral” rating to a “buy” rating in a report on Friday. KeyCorp reissued a “hold” rating on shares of PGT Innovations in a report on Tuesday, September 26th. Finally, FBR & Co reissued a “buy” rating and set a $15.00 price target (up from $13.00) on shares of PGT Innovations in a report on Monday, August 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. PGT Innovations has a consensus rating of “Hold” and a consensus price target of $14.00.

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

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