PGT Inc. (PGTI) Shares Down 2.8%
PGT Inc. (NASDAQ:PGTI) shares traded down 2.8% during trading on Friday . The company traded as low as $11.17 and last traded at $11.19, with a volume of 168,575 shares trading hands. The stock had previously closed at $11.51.
A number of research analysts recently commented on the company. Zacks Investment Research lowered PGT from a “buy” rating to a “hold” rating in a research note on Tuesday. FBR & Co assumed coverage on PGT in a research note on Wednesday, June 1st. They issued an “outperform” rating and a $14.50 target price for the company. Dougherty & Co upped their target price on PGT from $12.50 to $14.00 and gave the company a “buy” rating in a research note on Friday, May 6th. Finally, Gabelli assumed coverage on PGT in a research report on Monday, May 9th. They issued a “buy” rating and a $15.00 price target on the stock. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. PGT currently has an average rating of “Buy” and a consensus target price of $14.56.
The company has a 50 day moving average of $11.37 and a 200 day moving average of $10.39. The firm has a market cap of $553.08 million and a P/E ratio of 30.54.
PGT (NASDAQ:PGTI) last issued its earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The business had revenue of $119 million for the quarter, compared to the consensus estimate of $124.29 million. The business’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 earnings per share. On average, equities analysts expect that PGT Inc. will post $0.54 EPS for the current fiscal year.
In other news, CEO Rodney Hershberger sold 100,000 shares of PGT stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $11.24, for a total transaction of $1,124,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,058,343 shares in the company, valued at approximately $11,895,775.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP boosted its stake in 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 during the last quarter. Comerica Bank boosted its stake in 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 during the last quarter. Finally, Wells Fargo & Company MN boosted 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 valued at $14,245,000 after buying an additional 96,298 shares during 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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