PGT, Inc. (PGTI) Shares Bought by HAP Trading LLC
HAP Trading LLC boosted its holdings in PGT, Inc. (NYSE:PGTI) by 30.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,639 shares of the construction company’s stock after purchasing an additional 4,777 shares during the quarter. HAP Trading LLC’s holdings in PGT were worth $309,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. State of Alaska Department of Revenue increased its holdings in shares of PGT by 79.7% during the second quarter. State of Alaska Department of Revenue now owns 9,755 shares of the construction company’s stock valued at $124,000 after acquiring an additional 4,325 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of PGT during the second quarter valued at approximately $137,000. Empirical Finance LLC bought a new stake in shares of PGT during the third quarter valued at approximately $160,000. Citadel Advisors LLC bought a new stake in shares of PGT during the second quarter valued at approximately $147,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of PGT during the third quarter valued at approximately $177,000. Institutional investors and hedge funds own 94.06% of the company’s stock.
Shares of PGT, Inc. (NYSE PGTI) traded up $0.35 during trading on Friday, reaching $15.70. The company had a trading volume of 203,273 shares, compared to its average volume of 319,317. PGT, Inc. has a 1-year low of $10.00 and a 1-year high of $15.80. The company has a market capitalization of $767.26, a P/E ratio of 28.96, a P/E/G ratio of 1.66 and a beta of 1.16. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.67 and a quick ratio of 2.71.
PGT (NYSE:PGTI) last announced its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.03). PGT had a return on equity of 19.02% and a net margin of 4.87%. The company had revenue of $126.90 million for the quarter, compared to the consensus estimate of $129.82 million. During the same quarter last year, the company posted $0.19 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. sell-side analysts anticipate that PGT, Inc. will post 0.57 EPS for the current fiscal year.
Several equities research analysts have recently commented on PGTI shares. Raymond James Financial, Inc. downgraded PGT from an “outperform” rating to a “market perform” rating in a report on Friday, August 4th. BidaskClub downgraded PGT from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. B. Riley restated a “buy” rating on shares of PGT in a report on Wednesday, November 1st. Dougherty & Co upgraded PGT from a “neutral” rating to a “buy” rating in a report on Friday, November 3rd. Finally, FBR & Co restated a “buy” rating and set a $15.00 price objective (up previously from $13.00) on shares of PGT in a report on Monday, August 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. PGT currently has a consensus rating of “Buy” and a consensus target price of $16.67.
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PGT Company Profile
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.
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