Janus Henderson Group PLC Takes $188,000 Position in PGT Innovations Inc (NYSE:PGTI)

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Janus Henderson Group PLC acquired a new stake in shares of PGT Innovations Inc (NYSE:PGTI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,261 shares of the construction company’s stock, valued at approximately $188,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AlphaOne Investment Services LLC purchased a new position in shares of PGT Innovations during the 1st quarter worth approximately $46,000. Quantamental Technologies LLC raised its position in shares of PGT Innovations by 54.2% in the 1st quarter. Quantamental Technologies LLC now owns 9,109 shares of the construction company’s stock worth $126,000 after buying an additional 3,201 shares during the period. NumerixS Investment Technologies Inc raised its position in PGT Innovations by 48.7% in the first quarter. NumerixS Investment Technologies Inc now owns 10,426 shares of the construction company’s stock valued at $146,000 after purchasing an additional 3,413 shares during the period. Creative Planning purchased a new position in PGT Innovations in the second quarter valued at about $173,000. Finally, Menta Capital LLC acquired a new stake in shares of PGT Innovations during the first quarter valued at about $187,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Brent Boydston bought 2,000 shares of PGT Innovations stock in a transaction dated Tuesday, August 20th. The stock was purchased at an average price of $14.00 per share, for a total transaction of $28,000.00. Following the purchase, the vice president now directly owns 25,176 shares in the company, valued at approximately $352,464. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert Andrew Keller purchased 3,500 shares of PGT Innovations stock in a transaction that occurred on Tuesday, August 20th. The shares were bought at an average price of $14.15 per share, with a total value of $49,525.00. Following the transaction, the insider now owns 29,328 shares of the company’s stock, valued at approximately $414,991.20. The disclosure for this purchase can be found here. Insiders have sold a total of 59,305 shares of company stock worth $903,726 over the last three months. Insiders own 4.60% of the company’s stock.

A number of equities research analysts have recently weighed in on PGTI shares. Zacks Investment Research cut PGT Innovations from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. Gabelli upgraded shares of PGT Innovations from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Friday, August 2nd. G.Research restated a “buy” rating on shares of PGT Innovations in a report on Friday, August 2nd. ValuEngine upgraded shares of PGT Innovations from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, KeyCorp boosted their target price on shares of PGT Innovations from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. PGT Innovations currently has a consensus rating of “Buy” and a consensus price target of $22.88.

Shares of PGTI opened at $13.93 on Wednesday. The firm has a 50-day moving average of $15.15 and a 200-day moving average of $15.33. PGT Innovations Inc has a one year low of $13.30 and a one year high of $26.40. The company has a market cap of $816.16 million, a PE ratio of 11.81, a price-to-earnings-growth ratio of 1.15 and a beta of 1.04. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.99 and a quick ratio of 2.40.

PGT Innovations (NYSE:PGTI) last issued its earnings results on Thursday, August 1st. The construction company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $199.00 million during the quarter, compared to analysts’ expectations of $206.34 million. PGT Innovations had a net margin of 6.48% and a return on equity of 15.36%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS. Analysts expect that PGT Innovations Inc will post 0.95 earnings per share for the current year.

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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