Illinois Municipal Retirement Fund Has $1.38 Million Stake in PGT Innovations, Inc. (NYSE:PGTI)

Illinois Municipal Retirement Fund trimmed its holdings in shares of PGT Innovations, Inc. (NYSE:PGTI) by 5.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,961 shares of the construction company’s stock after selling 1,996 shares during the period. Illinois Municipal Retirement Fund owned 0.06% of PGT Innovations worth $1,382,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings 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 valued at $118,255,000 after purchasing an additional 269,699 shares in the last quarter. Wellington Management Group LLP increased its holdings 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 valued at $99,162,000 after purchasing an additional 269,891 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings 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 valued at $28,859,000 after purchasing an additional 3,179 shares in the last quarter. Congress Asset Management Co. MA increased its holdings 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 valued at $27,525,000 after purchasing an additional 150,720 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 valued at $18,169,000 after purchasing an additional 12,139 shares in the last quarter. 81.60% of the stock is owned by institutional investors and hedge funds.

PGT Innovations Price Performance

NYSE PGTI opened at $41.99 on Friday. The stock has a fifty day moving average of $41.87 and a 200-day moving average of $38.09. The stock has a market capitalization of $2.40 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 1.05 and a beta of 1.44. PGT Innovations, Inc. has a 52 week low of $22.66 and a 52 week 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 posted its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.25 earnings per share (EPS) 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 quarter in the prior year, the business earned $0.28 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts forecast that PGT Innovations, Inc. will post 2.48 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PGTI shares. StockNews.com started coverage on PGT Innovations in a research note on Friday. They issued a “buy” rating for the company. Truist Financial lowered their target price on PGT Innovations from $43.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, January 18th.

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.