PGT Inc. (NASDAQ:PGTI) dropped 2.5% during trading on Wednesday . The company traded as low as $11.75 and last traded at $11.75, with a volume of 55,747 shares changing hands. The stock had previously closed at $12.05.

PGTI has been the topic of a number of recent analyst reports. FBR & Co reissued a “buy” rating on shares of PGT in a research report on Monday, August 8th. Gabelli initiated 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. 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. Finally, Zacks Investment Research downgraded shares of PGT from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $14.56.

The stock has a 50-day moving average of $11.70 and a 200 day moving average of $10.49. The firm has a market cap of $572.66 million and a P/E ratio of 31.62.

PGT (NASDAQ:PGTI) last released its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The company earned $119 million during the quarter, compared to the consensus estimate of $124.29 million. During the same period in the previous year, the firm posted $0.17 EPS. PGT’s revenue for the quarter was up 18.1% on a year-over-year basis. On average, analysts anticipate that PGT Inc. will post $0.54 earnings per share for the current fiscal year.

In other news, Chairman Rodney Hershberger sold 55,803 shares of the business’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $12.07, for a total value of $673,542.21. Following the completion of the sale, the chairman now owns 1,014,146 shares of the company’s stock, valued at approximately $12,240,742.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Other large investors recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased 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. Schwab Charles Investment Management Inc. increased its stake 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 during the last quarter. Finally, Marshall Wace LLP increased 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.

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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