PGT Inc. (PGTI) Stock Price Down 2.8%
PGT Inc. (NASDAQ:PGTI) fell 2.8% on Friday . The stock traded as low as $11.17 and last traded at $11.19, with a volume of 168,575 shares. The stock had previously closed at $11.51.
Several brokerages recently weighed in on PGTI. Zacks Investment Research raised shares of PGT from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th. Dougherty & Co increased their price objective 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. FBR & Co reissued a “buy” rating on shares of PGT in a research report on Monday, August 8th. Finally, 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 objective on the stock. 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’s stock. PGT currently has a consensus rating of “Buy” and a consensus target price of $14.56.
The company has a market capitalization of $553.08 million and a price-to-earnings ratio of 30.54. The stock’s 50-day moving average is $11.40 and its 200 day moving average is $10.40.
PGT (NASDAQ:PGTI) last released its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The company earned $119 million during the quarter, compared to analyst estimates of $124.29 million. During the same period in the prior year, the business posted $0.17 earnings per share. PGT’s revenue was up 18.1% on a year-over-year basis. On average, equities analysts expect that PGT Inc. will post $0.54 earnings per share for the current year.
In related news, Chairman Rodney Hershberger sold 55,803 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $12.07, for a total value of $673,542.21. Following the sale, the chairman now directly owns 1,014,146 shares of the company’s stock, valued at $12,240,742.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Several large investors recently added to or reduced their stakes in PGTI. 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 in 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 in 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 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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