Latest Stocks: Teachers Advisors LLC Acquires 2,165 Shares of PGT Innovations Inc (PGTI)

Latest Stocks: Teachers Advisors LLC Acquires 2,165 Shares of PGT Innovations Inc (PGTI)

Teachers Advisors LLC boosted its position in PGT Innovations Inc (NASDAQ:PGTI) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,326 shares of the construction company’s stock after buying an additional 2,165 shares during the period. Teachers Advisors LLC’s holdings in PGT Innovations were worth $966,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Putnam Investments LLC increased its stake in PGT Innovations by 90.1% in the fourth quarter. Putnam Investments LLC now owns 429,203 shares of the construction company’s stock valued at $4,914,000 after buying an additional 203,401 shares during the period. Worth Venture Partners LLC bought a new stake in PGT Innovations during the fourth quarter valued at $401,000. Ranger Investment Management L.P. increased its stake in PGT Innovations by 46.6% in the fourth quarter. Ranger Investment Management L.P. now owns 196,860 shares of the construction company’s stock valued at $2,254,000 after buying an additional 62,580 shares during the period. Wexford Capital LP bought a new stake in PGT Innovations during the fourth quarter valued at $168,000. Finally, Two Sigma Investments LP increased its stake in PGT Innovations by 58.2% in the fourth quarter. Two Sigma Investments LP now owns 57,080 shares of the construction company’s stock valued at $654,000 after buying an additional 21,010 shares during the period. 96.80% of the stock is owned by institutional investors and hedge funds.

PGT Innovations Inc (PGTI) opened at 11.75 on Tuesday. The firm has a market capitalization of $580.70 million, a PE ratio of 23.59 and a beta of 0.93. The stock’s 50 day moving average is $11.32 and its 200-day moving average is $11.14. PGT Innovations Inc has a one year low of $9.46 and a one year high of $12.49.

PGT Innovations (NASDAQ:PGTI) last released its quarterly earnings data on Thursday, May 4th. The construction company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The firm had revenue of $112.70 million for the quarter, compared to analysts’ expectations of $109.29 million. PGT Innovations had a net margin of 5.29% and a return on equity of 24.01%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 earnings per share. On average, analysts anticipate that PGT Innovations Inc will post $0.58 EPS for the current fiscal year.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of PGT Innovations from a “sell” rating to a “hold” rating in a report on Friday, March 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $12.00 price objective (down from $13.00) on shares of PGT Innovations in a report on Wednesday, February 22nd. Dougherty & Co cut shares of PGT Innovations from a “buy” rating to a “neutral” rating in a report on Wednesday, February 22nd. Finally, TheStreet cut shares of PGT Innovations from a “b-” rating to a “c+” rating in a report on Thursday, March 9th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $13.00. About PGT Innovations

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