PGT Innovations, Inc. (NYSE:PGTI) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its stake in PGT Innovations, Inc. (NYSE:PGTI) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,766 shares of the construction company’s stock after selling 12,072 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in PGT Innovations were worth $3,165,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in PGT Innovations by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,261,432 shares of the construction company’s stock worth $118,255,000 after buying an additional 269,699 shares during the period. Wellington Management Group LLP increased its stake in PGT Innovations by 8.2% during the 3rd quarter. Wellington Management Group LLP now owns 3,573,418 shares of the construction company’s stock worth $99,162,000 after buying an additional 269,891 shares during the period. The Manufacturers Life Insurance Company increased its stake in PGT Innovations by 0.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,039,955 shares of the construction company’s stock worth $28,859,000 after buying an additional 3,179 shares during the period. Congress Asset Management Co. MA increased its stake in PGT Innovations by 17.9% during the 3rd quarter. Congress Asset Management Co. MA now owns 991,898 shares of the construction company’s stock worth $27,525,000 after buying an additional 150,720 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in PGT Innovations by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 654,725 shares of the construction company’s stock worth $18,169,000 after buying an additional 12,139 shares during the period. Institutional investors and hedge funds own 81.60% of the company’s stock.

PGT Innovations Price Performance

PGTI opened at $41.99 on Friday. The company has a 50-day moving average of $41.89 and a 200-day moving average of $38.25. The company has a market capitalization of $2.40 billion, a P/E ratio of 23.07, a PEG ratio of 1.05 and a beta of 1.44. PGT Innovations, Inc. has a 1-year low of $22.66 and a 1-year high of $42.00. 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 (NYSE:PGTI) last released its earnings results on Tuesday, February 20th. The construction company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.11). PGT Innovations had a return on equity of 18.46% and a net margin of 7.25%. The company had revenue of $342.50 million during the quarter, compared to the consensus estimate of $339.15 million. During the same period in the previous year, the firm posted $0.28 EPS. PGT Innovations’s revenue for the quarter was up .5% on a year-over-year basis. Equities analysts expect that PGT Innovations, Inc. will post 2.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

PGT Innovations Company Profile

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.