Livforsakringsbolaget Skandia Omsesidigt Increases Stake in PGT Innovations, Inc. (NYSE:PGTI)

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of PGT Innovations, Inc. (NYSE:PGTI) by 407.4% during the 4th quarter, HoldingsChannel reports. The fund owned 41,100 shares of the construction company’s stock after acquiring an additional 33,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in PGT Innovations were worth $1,673,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of PGTI. Parkside Financial Bank & Trust lifted its position in shares of PGT Innovations by 367.5% during the third quarter. Parkside Financial Bank & Trust now owns 1,066 shares of the construction company’s stock worth $30,000 after purchasing an additional 838 shares in the last quarter. Money Concepts Capital Corp acquired a new position in shares of PGT Innovations during the fourth quarter worth $27,000. SRS Capital Advisors Inc. acquired a new position in shares of PGT Innovations during the third quarter worth $44,000. Clearstead Advisors LLC acquired a new position in shares of PGT Innovations during the third quarter worth $42,000. Finally, UBS Group AG increased its stake in shares of PGT Innovations by 22.2% in the third quarter. UBS Group AG now owns 4,524 shares of the construction company’s stock worth $95,000 after buying an additional 822 shares during the last quarter. 81.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Truist Financial dropped their price target on shares of PGT Innovations from $43.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, January 18th. StockNews.com assumed coverage on shares of PGT Innovations in a research note on Thursday. They issued a “buy” rating for the company.

PGT Innovations Price Performance

PGT Innovations stock opened at $41.99 on Thursday. The company has a 50-day simple moving average of $41.80 and a 200-day simple moving average of $37.53. The firm has a market capitalization of $2.40 billion, a P/E ratio of 23.07, a P/E/G ratio of 1.05 and a beta of 1.44. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.61 and a current ratio of 2.45. PGT Innovations, Inc. has a one year low of $22.66 and a one year high of $42.00.

PGT Innovations (NYSE:PGTI) last released its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.11). The firm had revenue of $342.50 million for the quarter, compared to the consensus estimate of $339.15 million. PGT Innovations had a return on equity of 18.46% and a net margin of 7.25%. The firm’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 EPS. As a group, equities analysts expect that PGT Innovations, Inc. will post 2.48 earnings per share for the current year.

About PGT Innovations

PGT Innovations, Inc, together with its subsidiaries, engages in the manufacture and supply of 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.