PGT Inc. (PGTI) Shares Down 9.3%
PGT Inc. (NASDAQ:PGTI)’s share price traded down 9.3% during mid-day trading on Thursday . The company traded as low as $10.64 and last traded at $11.31, with a volume of 1,112,844 shares traded. The stock had previously closed at $12.47.
Several equities analysts recently weighed in on PGTI shares. Zacks Investment Research cut shares of PGT from a “hold” rating to a “sell” rating in a research report on Wednesday, April 6th. Gabelli started coverage on shares of PGT in a research report on Monday, May 9th. They issued a “buy” rating and a $15.00 price target on the stock. FBR & Co started coverage on shares of PGT in a research report on Wednesday, June 1st. They issued an “outperform” rating and a $14.50 price target on the stock. Dougherty & Co raised their price target on shares of PGT from $12.50 to $14.00 and gave the company a “buy” rating in a research report on Friday, May 6th. Finally, Royal Bank Of Canada raised their price target on shares of PGT from $11.00 to $12.00 in a research report on Tuesday, April 12th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. PGT currently has an average rating of “Buy” and an average target price of $14.56.
The company has a 50-day moving average of $11.16 and a 200-day moving average of $10.32. The stock has a market cap of $535.51 million and a PE ratio of 29.73.
PGT (NASDAQ:PGTI) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The firm earned $119 million during the quarter, compared to analysts’ expectations of $124.29 million. During the same quarter in the previous year, the firm posted $0.17 EPS. PGT’s revenue was up 18.1% compared to the same quarter last year. Equities analysts forecast that PGT Inc. will post $0.58 earnings per share for the current year.
In related news, CEO Rodney Hershberger sold 100,000 shares of the business’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $11.24, for a total transaction of $1,124,000.00. Following the transaction, the chief executive officer now owns 1,058,343 shares in the company, valued at $11,895,775.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Several institutional investors recently made changes to their positions in the stock. Comerica Bank boosted its position in shares of PGT by 73.5% in the fourth quarter. Comerica Bank now owns 165,904 shares of the company’s stock valued at $1,604,000 after buying an additional 70,266 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of PGT by 8.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,250,715 shares of the company’s stock valued at $14,245,000 after buying an additional 96,298 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of PGT by 87.1% in the fourth quarter. Marshall Wace LLP now owns 88,157 shares of the company’s stock valued at $1,004,000 after buying an additional 41,047 shares in the last quarter.
PGT, Inc is a manufacturer and supplier of residential impact-resistant windows and doors. The Company operates through the manufacture and sale of windows and doors segment. The Company’s impact-resistant products are marketed under the 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.
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