Cooke & Bieler LP cut its position in shares of PGT Innovations Inc (NYSE:PGTI) by 3.7% during the 4th quarter, Holdings Channel reports. The firm owned 2,304,336 shares of the construction company’s stock after selling 88,690 shares during the period. Cooke & Bieler LP’s holdings in PGT Innovations were worth $38,828,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new position in PGT Innovations during the 2nd quarter worth approximately $137,000. Empirical Finance LLC bought a new position in PGT Innovations during the 3rd quarter worth approximately $160,000. Campbell & CO Investment Adviser LLC bought a new position in PGT Innovations during the 3rd quarter worth approximately $170,000. Citadel Advisors LLC bought a new position in PGT Innovations during the 2nd quarter worth approximately $147,000. Finally, State Board of Administration of Florida Retirement System bought a new position in PGT Innovations during the 3rd quarter worth approximately $177,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Several equities analysts recently issued reports on the company. B. Riley raised their price target on PGT Innovations from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Dougherty & Co restated a “buy” rating and set a $19.00 price target (up from $18.00) on shares of PGT Innovations in a research report on Thursday. Royal Bank of Canada reiterated a “buy” rating and issued a $17.00 price objective on shares of PGT Innovations in a research report on Wednesday, November 15th. Finally, BidaskClub lowered PGT Innovations from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $17.25.

In other news, Director William J. Morgan sold 41,395 shares of PGT Innovations stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $15.71, for a total value of $650,315.45. Following the sale, the director now directly owns 75,508 shares in the company, valued at approximately $1,186,230.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard D. Feintuch sold 50,000 shares of PGT Innovations stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $16.05, for a total value of $802,500.00. Following the completion of the sale, the director now owns 75,508 shares in the company, valued at $1,211,903.40. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by company insiders.

Shares of PGT Innovations Inc (NYSE:PGTI) opened at $15.20 on Monday. The firm has a market capitalization of $754.85, a P/E ratio of 33.04, a PEG ratio of 1.28 and a beta of 1.06. PGT Innovations Inc has a 1 year low of $10.00 and a 1 year high of $17.60. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.67 and a quick ratio of 2.71.

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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.

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

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