New York State Common Retirement Fund decreased its stake in shares of PGT Innovations, Inc. (NYSE:PGTI – Get Rating) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,801 shares of the construction company's stock after selling 4,265 shares during the period. New York State Common Retirement Fund owned approximately 0.12% of PGT Innovations worth $1,254,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its stake in PGT Innovations by 0.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 63,226 shares of the construction company's stock valued at $1,052,000 after buying an additional 462 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of PGT Innovations by 2.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 19,823 shares of the construction company's stock valued at $415,000 after purchasing an additional 554 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of PGT Innovations by 0.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 96,994 shares of the construction company's stock valued at $1,614,000 after purchasing an additional 621 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of PGT Innovations by 0.8% during the 3rd quarter. Victory Capital Management Inc. now owns 87,450 shares of the construction company's stock valued at $1,833,000 after purchasing an additional 652 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of PGT Innovations by 4.6% during the 1st quarter. Bank of Montreal Can now owns 16,931 shares of the construction company's stock valued at $336,000 after purchasing an additional 748 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PGTI. StockNews.com lowered shares of PGT Innovations from a "buy" rating to a "hold" rating in a research report on Monday, April 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of PGT Innovations from $29.00 to $33.00 and gave the company a "buy" rating in a research report on Monday, April 3rd.

PGT Innovations Stock Performance

Shares of PGTI opened at $25.66 on Friday. PGT Innovations, Inc. has a one year low of $15.42 and a one year high of $26.93. The company has a 50-day moving average of $23.25 and a two-hundred day moving average of $21.27. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 15.65 and a beta of 1.46. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.24 and a quick ratio of 1.63.

PGT Innovations (NYSE:PGTI – Get Rating) last announced its earnings results on Wednesday, February 22nd. The construction company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). PGT Innovations had a return on equity of 19.35% and a net margin of 6.63%. The firm had revenue of $340.93 million during the quarter, compared to analyst estimates of $332.00 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. The business's quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts expect that PGT Innovations, Inc. will post 1.76 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Rodney Hershberger sold 2,500 shares of the stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $21.21, for a total value of $53,025.00. Following the completion of the sale, the director now directly owns 1,353,138 shares of the company's stock, valued at $28,700,056.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Rodney Hershberger sold 2,500 shares of the stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $21.21, for a total value of $53,025.00. Following the completion of the sale, the director now directly owns 1,353,138 shares of the company's stock, valued at $28,700,056.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Deborah L. Lapinska sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $21.51, for a total transaction of $215,100.00. Following the completion of the sale, the vice president now directly owns 123,281 shares of the company's stock, valued at $2,651,774.31. The disclosure for this sale can be found here. Insiders sold a total of 37,500 shares of company stock worth $848,300 over the last ninety days. 4.50% of the stock is currently owned by company insiders.

PGT Innovations Company Profile

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PGT Innovations, Inc engages in the manufacture and supply of windows and doors under the brand names PGT Custom Windows + Doors, CGI, WinDoor, Western Window Systems, Eze-Breeze, and CGI Commercial. It operates through the Southeast and Western geographical segments. The company was founded by Rodney Hershberger in 1980 and is headquartered in Nokomis, FL.

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