Ergoteles LLC Makes New $207,000 Investment in PGT Innovations, Inc. (NYSE:PGTI)

Posted by Defense World Staff on Mar 7th, 2023

Ergoteles LLC bought a new position in PGT Innovations, Inc. (NYSE:PGTI – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,873 shares of the construction company’s stock, valued at approximately $207,000.

Several other hedge funds have also recently modified their holdings of PGTI. UBS Group AG lifted its holdings 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 in the last quarter. Tower Research Capital LLC TRC raised its stake in PGT Innovations by 108.8% during the third quarter. Tower Research Capital LLC TRC now owns 4,722 shares of the construction company’s stock valued at $99,000 after purchasing an additional 2,460 shares in the last quarter. Captrust Financial Advisors raised its stake in PGT Innovations by 35.0% during the first quarter. Captrust Financial Advisors now owns 6,136 shares of the construction company’s stock valued at $110,000 after purchasing an additional 1,591 shares in the last quarter. SG Americas Securities LLC raised its stake in PGT Innovations by 20.5% during the second quarter. SG Americas Securities LLC now owns 7,500 shares of the construction company’s stock valued at $125,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in PGT Innovations by 17.1% during the second quarter. Mutual of America Capital Management LLC now owns 10,063 shares of the construction company’s stock valued at $167,000 after purchasing an additional 1,471 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

PGT Innovations Trading Down 3.9 %

Shares of PGTI opened at $21.73 on Tuesday. PGT Innovations, Inc. has a twelve month low of $15.42 and a twelve month high of $23.89. The company has a market cap of $1.31 billion, a P/E ratio of 13.25 and a beta of 1.42. The company has a current ratio of 2.24, a quick ratio of 1.63 and a debt-to-equity ratio of 1.02. The company’s fifty day simple moving average is $20.42 and its 200-day simple moving average is $20.57.

PGT Innovations (NYSE:PGTI – Get Rating) last announced its earnings results on Wednesday, February 22nd. The construction company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). PGT Innovations had a net margin of 6.63% and a return on equity of 19.35%. The firm had revenue of $340.93 million during the quarter, compared to analysts’ expectations of $332.00 million. During the same period in the prior year, the company posted $0.31 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. As a group, analysts expect that PGT Innovations, Inc. will post 1.69 EPS for the current year.

Insider Transactions at PGT Innovations

In other news, Director Rodney Hershberger sold 2,500 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $21.21, for a total value of $53,025.00. Following the transaction, the director now directly owns 1,353,138 shares in the company, valued at $28,700,056.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Deborah L. Lapinska sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $21.25, for a total value of $212,500.00. Following the transaction, the insider now directly owns 114,733 shares in the company, valued at $2,438,076.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Rodney Hershberger sold 2,500 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $21.21, for a total transaction of $53,025.00. Following the transaction, the director now owns 1,353,138 shares in the company, valued at $28,700,056.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,500 shares of company stock worth $782,825. Insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PGTI. Truist Financial upped their price target on shares of PGT Innovations to $27.00 in a research note on Wednesday, November 16th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of PGT Innovations from $30.00 to $26.00 in a research note on Tuesday, January 10th. Finally, StockNews.com downgraded shares of PGT Innovations from a “buy” rating to a “hold” rating in a research note on Thursday, February 23rd.

PGT Innovations 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.

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

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