Hood River Capital Management LLC boosted its stake in PGT Innovations Inc (NASDAQ:PGTI) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 598,976 shares of the construction company’s stock after purchasing an additional 16,256 shares during the quarter. Hood River Capital Management LLC owned about 1.21% of PGT Innovations worth $7,667,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new position in PGT Innovations in the second quarter valued at about $147,000. Parametric Portfolio Associates LLC raised its stake in PGT Innovations by 25.7% in the second quarter. Parametric Portfolio Associates LLC now owns 43,055 shares of the construction company’s stock valued at $551,000 after purchasing an additional 8,805 shares in the last quarter. Vanguard Group Inc. raised its stake in PGT Innovations by 5.6% in the second quarter. Vanguard Group Inc. now owns 2,642,425 shares of the construction company’s stock valued at $33,823,000 after purchasing an additional 139,011 shares in the last quarter. Northern Trust Corp raised its stake in PGT Innovations by 3.9% in the second quarter. Northern Trust Corp now owns 634,020 shares of the construction company’s stock valued at $8,116,000 after purchasing an additional 23,970 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in PGT Innovations by 12.2% in the second quarter. Lazard Asset Management LLC now owns 2,989,820 shares of the construction company’s stock valued at $38,269,000 after purchasing an additional 325,137 shares in the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

In other PGT Innovations news, Director Brett N. Milgrim sold 8,322 shares of PGT Innovations stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $13.33, for a total value of $110,932.26. Following the transaction, the director now directly owns 64,654 shares of the company’s stock, valued at approximately $861,837.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard D. Feintuch sold 49,459 shares of PGT Innovations stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $13.19, for a total value of $652,364.21. Following the completion of the transaction, the director now directly owns 81,051 shares in the company, valued at $1,069,062.69. The disclosure for this sale can be found here. Insiders sold a total of 66,675 shares of company stock worth $879,808 over the last ninety days. Insiders own 6.50% of the company’s stock.

Shares of PGT Innovations Inc (NASDAQ:PGTI) traded up 0.72% during mid-day trading on Monday, reaching $14.05. The company had a trading volume of 34,846 shares. The firm has a market capitalization of $696.91 million, a PE ratio of 25.13 and a beta of 0.93. The stock has a 50 day moving average price of $13.35 and a 200 day moving average price of $11.99. PGT Innovations Inc has a 12-month low of $9.50 and a 12-month high of $14.88.

PGT Innovations (NASDAQ:PGTI) last announced its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.03. The business had revenue of $137.38 million for the quarter, compared to analysts’ expectations of $127.79 million. PGT Innovations had a return on equity of 28.98% and a net margin of 7.46%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 EPS. On average, equities analysts forecast that PGT Innovations Inc will post $0.60 earnings per share for the current year.

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A number of research firms recently commented on PGTI. Raymond James Financial, Inc. downgraded PGT Innovations from an “outperform” rating to a “market perform” rating in a research note on Friday, August 4th. FBR & Co reaffirmed a “buy” rating and issued a $15.00 price target (up previously from $13.00) on shares of PGT Innovations in a research note on Monday, August 21st. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of PGT Innovations in a research note on Tuesday, September 12th. BidaskClub downgraded PGT Innovations from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Finally, TheStreet raised PGT Innovations from a “c+” rating to a “b-” rating in a research note on Thursday, June 22nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $14.00.

About PGT Innovations

PGT Innovations, Inc, formerly PGT, Inc, is a manufacturer of impact-resistant windows and doors. The Company’s brands include CGI, PGT Windows + Doors and WinDoor. CGI serves residential and commercial markets in both new and existing construction. CGI manufacturing and delivery facilities are based in Miami, Florida.

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

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