PGT Inc. (PGTI) Shares Up 4%
PGT Inc. (NASDAQ:PGTI) shot up 4% on Tuesday . The stock traded as high as $12.10 and last traded at $12.01, with a volume of 264,696 shares trading hands. The stock had previously closed at $11.55.
Several brokerages have 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 upped their price target on shares of PGT from $12.50 to $14.00 and gave the stock a “buy” rating in a report on Friday, May 6th. FBR & Co restated a “buy” rating on shares of PGT in a report on Monday, August 8th. Finally, Gabelli began coverage on shares of PGT in a 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 assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $14.56.
The stock has a 50-day moving average of $11.65 and a 200 day moving average of $10.46. The firm has a market cap of $589.79 million and a P/E ratio of 32.57.
PGT (NASDAQ:PGTI) last announced its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. During the same period last year, the firm earned $0.17 EPS. The business had revenue of $119 million for the quarter, compared to analyst estimates of $124.29 million. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, equities analysts anticipate that PGT Inc. will post $0.54 earnings per share for the current year.
In other news, CEO Rodney Hershberger sold 100,000 shares of PGT stock in a transaction 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 transaction, the chief executive officer now owns 1,058,343 shares in the company, valued at approximately $11,895,775.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Other hedge funds and institutional investors recently bought and sold shares of the company. Wells Fargo & Company MN raised its position 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. Marshall Wace LLP raised its position 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. Finally, Schwab Charles Investment Management Inc. raised its position in PGT by 3.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 150,622 shares of the company’s stock valued at $1,716,000 after buying an additional 5,214 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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