Congress Asset Management Co. MA Acquires 150,720 Shares of PGT Innovations, Inc. (NYSE:PGTI)

Congress Asset Management Co. MA boosted its holdings in shares of PGT Innovations, Inc. (NYSE:PGTIFree Report) by 17.9% during the third quarter, HoldingsChannel reports. The fund owned 991,898 shares of the construction company’s stock after purchasing an additional 150,720 shares during the quarter. Congress Asset Management Co. MA’s holdings in PGT Innovations were worth $27,525,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cambiar Investors LLC grew its holdings in PGT Innovations by 0.4% during the 3rd quarter. Cambiar Investors LLC now owns 91,761 shares of the construction company’s stock worth $2,546,000 after acquiring an additional 396 shares during the last quarter. Inspire Investing LLC lifted its position in shares of PGT Innovations by 3.7% in the 3rd quarter. Inspire Investing LLC now owns 11,147 shares of the construction company’s stock worth $309,000 after purchasing an additional 397 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of PGT Innovations by 0.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 63,226 shares of the construction company’s stock worth $1,052,000 after purchasing an additional 462 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of PGT Innovations by 0.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 96,994 shares of the construction company’s stock worth $1,614,000 after purchasing an additional 621 shares during the period. Finally, ProShare Advisors LLC lifted its position in shares of PGT Innovations by 7.9% in the 2nd quarter. ProShare Advisors LLC now owns 9,100 shares of the construction company’s stock worth $265,000 after purchasing an additional 663 shares during the period. 82.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on PGTI shares. StockNews.com started coverage on shares of PGT Innovations in a research report on Saturday, January 13th. They set a “buy” rating on the stock. JPMorgan Chase & Co. boosted their target price on shares of PGT Innovations from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, December 14th. Finally, Truist Financial restated a “hold” rating and set a $43.00 price objective on shares of PGT Innovations in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.50.

Read Our Latest Stock Report on PGTI

PGT Innovations Stock Performance

NYSE PGTI opened at $41.02 on Thursday. PGT Innovations, Inc. has a 1 year low of $19.18 and a 1 year high of $41.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.31 and a quick ratio of 1.61. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 1.05 and a beta of 1.41. The company has a fifty day moving average price of $36.48 and a 200-day moving average price of $31.14.

PGT Innovations (NYSE:PGTIGet Free Report) last posted its earnings results on Thursday, November 2nd. The construction company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.06. PGT Innovations had a net margin of 7.67% and a return on equity of 18.98%. The firm had revenue of $399.93 million during the quarter, compared to analyst estimates of $395.79 million. As a group, equities research analysts predict that PGT Innovations, Inc. will post 2.16 EPS for the current fiscal year.

Insider Activity at PGT Innovations

In related news, Director Rodney Hershberger sold 2,500 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $32.03, for a total transaction of $80,075.00. Following the completion of the transaction, the director now owns 1,334,155 shares in the company, valued at $42,732,984.65. The transaction was disclosed in a document filed with the SEC, which is available through this link. 4.90% of the stock is owned by company insiders.

About PGT Innovations

(Free Report)

PGT Innovations, Inc, together with its subsidiaries manufactures and supplies impact-resistant aluminum frame windows and doors in the United States and internationally. The company provides heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact resistant vinyl windows with insulating glass and multi-chambered frames for various climate zones.

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

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