PGT Innovations Inc (PGTI) Stake Lifted by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in PGT Innovations Inc (NYSE:PGTI) by 250.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 355,828 shares of the construction company’s stock after purchasing an additional 254,434 shares during the quarter. Deutsche Bank AG’s holdings in PGT Innovations were worth $5,638,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc raised its holdings in PGT Innovations by 182.2% in the fourth quarter. IFP Advisors Inc now owns 2,822 shares of the construction company’s stock valued at $44,000 after buying an additional 1,822 shares during the period. Advisor Group Inc. raised its holdings in PGT Innovations by 61.6% in the fourth quarter. Advisor Group Inc. now owns 3,831 shares of the construction company’s stock valued at $62,000 after buying an additional 1,460 shares during the period. Bruderman Asset Management LLC purchased a new position in PGT Innovations in the fourth quarter valued at approximately $80,000. Quantamental Technologies LLC purchased a new position in PGT Innovations in the fourth quarter valued at approximately $94,000. Finally, NumerixS Investment Technologies Inc purchased a new position in PGT Innovations in the fourth quarter valued at approximately $110,000. Hedge funds and other institutional investors own 92.31% of the company’s stock.

Shares of NYSE:PGTI opened at $14.61 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.85 and a quick ratio of 2.20. PGT Innovations Inc has a 52-week low of $13.35 and a 52-week high of $26.40. The company has a market capitalization of $850.34 million, a price-to-earnings ratio of 12.38, a PEG ratio of 0.73 and a beta of 1.01.

PGT Innovations (NYSE:PGTI) last issued its quarterly earnings data on Wednesday, February 27th. The construction company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. PGT Innovations had a net margin of 7.72% and a return on equity of 22.09%. The company had revenue of $189.89 million during the quarter, compared to the consensus estimate of $173.39 million. During the same quarter last year, the company earned $0.18 earnings per share. PGT Innovations’s revenue for the quarter was up 41.6% on a year-over-year basis. On average, analysts anticipate that PGT Innovations Inc will post 1 EPS for the current fiscal year.

In other news, insider Jeffrey T. Jackson acquired 3,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was bought at an average price of $14.35 per share, with a total value of $43,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard D. Feintuch acquired 4,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was purchased at an average cost of $14.54 per share, with a total value of $58,160.00. Following the transaction, the director now directly owns 98,300 shares of the company’s stock, valued at $1,429,282. The disclosure for this purchase can be found here. 5.80% of the stock is owned by company insiders.

Several research analysts recently commented on PGTI shares. Zacks Investment Research upgraded shares of PGT Innovations from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Tuesday, January 15th. Wells Fargo & Co lowered shares of PGT Innovations from an “outperform” rating to a “market perform” rating in a report on Thursday, February 28th. ValuEngine lowered shares of PGT Innovations from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. Finally, Dougherty & Co restated a “buy” rating and issued a $22.00 price target (down previously from $27.00) on shares of PGT Innovations in a report on Thursday, February 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $23.75.

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About PGT Innovations

PGT Innovations, Inc manufactures and supplies impact-resistant residential windows and doors in the Southeastern United States, Western United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. It offers heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact vinyl windows with insulating glass and multi-chambered frames for various climate zones.

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

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