Vanguard Group Inc. Has $118.26 Million Position in PGT Innovations, Inc. (NYSE:PGTI)

Vanguard Group Inc. increased its position in shares of PGT Innovations, Inc. (NYSE:PGTI - Free Report) by 6.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,261,432 shares of the construction company's stock after buying an additional 269,699 shares during the quarter. Vanguard Group Inc. owned about 7.47% of PGT Innovations worth $118,255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Money Concepts Capital Corp purchased a new position in shares of PGT Innovations during the 4th quarter valued at $27,000. Parkside Financial Bank & Trust grew its stake in shares of PGT Innovations by 367.5% in 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 during the last quarter. Clearstead Advisors LLC purchased a new position in shares of PGT Innovations during the third quarter valued at approximately $42,000. SRS Capital Advisors Inc. bought a new stake in PGT Innovations in the third quarter valued at $44,000. Finally, West Tower Group LLC purchased a new position in PGT Innovations during the 2nd quarter valued at $45,000. Institutional investors own 81.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Truist Financial reduced their price target on shares of PGT Innovations from $43.00 to $42.00 and set a "hold" rating on the stock in a research report on Thursday, January 18th. StockNews.com began coverage on PGT Innovations in a research note on Tuesday. They issued a "buy" rating for the company. Finally, JPMorgan Chase & Co. upped their price target on PGT Innovations from $33.00 to $37.00 and gave the stock a "neutral" rating in a research note on Thursday, December 14th.

PGT Innovations Price Performance

NYSE:PGTI remained flat at $41.99 during trading hours on Thursday. The company has a quick ratio of 1.61, a current ratio of 2.45 and a debt-to-equity ratio of 0.93. The firm's fifty day moving average price is $41.67 and its 200 day moving average price is $36.53. PGT Innovations, Inc. has a 1-year low of $22.66 and a 1-year high of $42.00. The firm has a market cap of $2.40 billion, a PE ratio of 23.07, a PEG ratio of 1.05 and a beta of 1.44.

PGT Innovations (NYSE:PGTI - Get Free Report) 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 analysts' expectations of $339.15 million. During the same period in the prior year, the firm earned $0.28 EPS. PGT Innovations's revenue for the quarter was up .5% compared to the same quarter last year. On average, equities research analysts expect that PGT Innovations, Inc. will post 2.48 EPS for the current fiscal 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.