Peregrine Capital Management LLC cut its stake in PGT Innovations Inc (NYSE:PGTI) by 3.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 648,161 shares of the construction company’s stock after selling 21,625 shares during the quarter. Peregrine Capital Management LLC owned approximately 1.10% of PGT Innovations worth $10,163,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. UBS Asset Management Americas Inc. raised its stake in shares of PGT Innovations by 1.1% during the 4th quarter. UBS Asset Management Americas Inc. now owns 62,682 shares of the construction company’s stock worth $935,000 after buying an additional 688 shares during the period. Stone Ridge Asset Management LLC raised its stake in shares of PGT Innovations by 8.6% during the 1st quarter. Stone Ridge Asset Management LLC now owns 12,611 shares of the construction company’s stock worth $106,000 after buying an additional 1,000 shares during the period. Swiss National Bank increased its position in shares of PGT Innovations by 1.1% during the first quarter. Swiss National Bank now owns 113,300 shares of the construction company’s stock worth $951,000 after purchasing an additional 1,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of PGT Innovations by 82.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,321 shares of the construction company’s stock worth $45,000 after purchasing an additional 2,411 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of PGT Innovations by 5.3% during the first quarter. Thrivent Financial for Lutherans now owns 48,949 shares of the construction company’s stock worth $411,000 after purchasing an additional 2,444 shares in the last quarter. 89.04% of the stock is owned by institutional investors.

Several analysts recently commented on the company. TheStreet upgraded PGT Innovations from a “c” rating to a “b-” rating in a research report on Thursday, June 18th. SunTrust Banks boosted their price target on PGT Innovations from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Wells Fargo & Co reiterated a “hold” rating and set a $17.00 price target (up from $12.50) on shares of PGT Innovations in a research report on Wednesday, July 22nd. Zacks Investment Research upgraded PGT Innovations from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research report on Thursday, July 16th. Finally, B. Riley boosted their price target on PGT Innovations from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $16.92.

Shares of NYSE:PGTI traded down $0.14 on Friday, reaching $17.07. 408,604 shares of the company traded hands, compared to its average volume of 311,949. PGT Innovations Inc has a fifty-two week low of $6.88 and a fifty-two week high of $18.48. The company’s 50 day moving average is $15.71 and its 200-day moving average is $13.52. The stock has a market capitalization of $1.01 billion, a PE ratio of 19.62 and a beta of 1.51. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.02 and a quick ratio of 2.40.

PGT Innovations (NYSE:PGTI) last released its quarterly earnings data on Wednesday, May 13th. The construction company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.15. PGT Innovations had a return on equity of 13.02% and a net margin of 6.45%. The firm had revenue of $220.20 million during the quarter, compared to analysts’ expectations of $189.55 million. As a group, analysts expect that PGT Innovations Inc will post 0.79 EPS for the current year.

PGT Innovations Profile

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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