PGT Inc. (PGTI) Stock Price Up 6.1%
PGT Inc. (NASDAQ:PGTI)’s share price rose 6.1% during mid-day trading on Wednesday . The stock traded as high as $11.03 and last traded at $11.00, with a volume of 859,104 shares trading hands. The stock had previously closed at $10.37.
PGTI has been the topic of several research reports. Zacks Investment Research lowered shares of PGT from a “hold” rating to a “sell” rating in a report on Friday, March 25th. Royal Bank Of Canada lifted their price objective on shares of PGT from $11.00 to $12.00 in a report on Tuesday, April 12th. Dougherty & Co lifted their price objective on shares of PGT from $12.50 to $14.00 and gave the company a “buy” rating in a report on Friday, May 6th. Finally, Gabelli initiated coverage on shares of PGT in a report on Monday, May 9th. They set a “buy” rating and a $15.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $14.31.
The company has a 50 day moving average of $10.47 and a 200-day moving average of $10.15. The company has a market capitalization of $547.68 million and a price-to-earnings ratio of 30.41.
PGT (NASDAQ:PGTI) last released its earnings results on Thursday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. The business had revenue of $100.20 million for the quarter, compared to analyst estimates of $99.17 million. PGT’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. Analysts predict that PGT Inc. will post $0.57 EPS for the current fiscal year.
A number of large investors have added to or reduced their stakes in the company. American Century Companies Inc. acquired a new stake in PGT during the fourth quarter worth about $12,602,000. Cooke & Bieler LP raised its stake in PGT by 138.1% in the fourth quarter. Cooke & Bieler LP now owns 1,506,090 shares of the company’s stock worth $17,154,000 after buying an additional 873,575 shares during the period. Eagle Asset Management Inc. raised its stake in PGT by 35.7% in the fourth quarter. Eagle Asset Management Inc. now owns 434,467 shares of the company’s stock worth $4,948,000 after buying an additional 114,333 shares during the period. Wells Fargo & Company MN raised its stake in PGT by 8.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,250,715 shares of the company’s stock worth $14,245,000 after buying an additional 96,298 shares during the period. Finally, Comerica Bank raised its stake in PGT by 73.5% in the fourth quarter. Comerica Bank now owns 165,904 shares of the company’s stock worth $1,604,000 after buying an additional 70,266 shares during the period.
PGT, Inc is a manufacturer and supplier of residential impact-resistant windows and doors. The Company’s impact-resistant products are marketed under WinGuard, PremierVue, PGT Architectural Systems and PGT Commercial Storefront System brand names, combine heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris by maintaining their structural integrity and preventing penetration by impacting objects.
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