Victory Capital Management Inc. raised its stake in PGT Innovations Inc (NYSE:PGTI) by 12.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,483 shares of the construction company’s stock after acquiring an additional 2,267 shares during the quarter. Victory Capital Management Inc.’s holdings in PGT Innovations were worth $427,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sei Investments Co. boosted its stake in shares of PGT Innovations by 4,969.7% in the 1st quarter. Sei Investments Co. now owns 6,033 shares of the construction company’s stock valued at $112,000 after purchasing an additional 5,914 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of PGT Innovations in the 1st quarter valued at about $129,000. Bayesian Capital Management LP bought a new position in shares of PGT Innovations in the 1st quarter valued at about $190,000. Element Capital Management LLC bought a new position in shares of PGT Innovations in the 1st quarter valued at about $191,000. Finally, Profund Advisors LLC bought a new position in shares of PGT Innovations in the 1st quarter valued at about $199,000. Hedge funds and other institutional investors own 89.73% of the company’s stock.

Several research analysts recently weighed in on PGTI shares. ValuEngine lowered shares of PGT Innovations from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. B. Riley lifted their price objective on shares of PGT Innovations from $20.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Finally, Gabelli lowered shares of PGT Innovations from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a research note on Thursday, June 14th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $21.00.

PGTI traded up $0.02 on Tuesday, hitting $22.07. 13,422 shares of the stock were exchanged, compared to its average volume of 964,787. PGT Innovations Inc has a 12 month low of $13.05 and a 12 month high of $26.40. The company has a quick ratio of 3.47, a current ratio of 4.24 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 36.15, a P/E/G ratio of 1.02 and a beta of 0.84.

PGT Innovations (NYSE:PGTI) last issued its earnings results on Monday, July 30th. The construction company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.10. PGT Innovations had a return on equity of 26.98% and a net margin of 9.90%. The firm had revenue of $169.27 million during the quarter, compared to the consensus estimate of $169.00 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The business’s quarterly revenue was up 23.2% on a year-over-year basis. sell-side analysts anticipate that PGT Innovations Inc will post 1.11 EPS for the current fiscal year.

About PGT Innovations

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: Diversification Important in Investing

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

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