PGT Inc. (PGTI) Trading Up 4%
PGT Inc. (NASDAQ:PGTI)’s share price was up 4% during mid-day trading 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 equities analysts have recently weighed in on the company. FBR & Co reissued a “buy” rating on shares of PGT in a report on Monday, August 8th. Gabelli assumed coverage on PGT in a report on Monday, May 9th. They set a “buy” rating and a $15.00 price target on the stock. Dougherty & Co increased their price target on PGT from $12.50 to $14.00 and gave the company a “buy” rating in a report on Friday, May 6th. Finally, Zacks Investment Research cut PGT from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $14.56.
The company has a 50 day moving average of $11.70 and a 200-day moving average of $10.49. The company has a market capitalization of $572.66 million and a PE ratio of 31.62.
PGT (NASDAQ:PGTI) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The business had revenue of $119 million for the quarter, compared to analysts’ expectations of $124.29 million. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. Equities research analysts anticipate that PGT Inc. will post $0.54 earnings per share for the current fiscal year.
In related news, CEO Rodney Hershberger sold 28,500 shares of PGT stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $12.00, for a total transaction of $342,000.00. Following the transaction, the chief executive officer now directly owns 986,843 shares of the company’s stock, valued at $11,842,116. The sale was disclosed in a filing with the SEC, which is accessible through this link.
A number of institutional investors have modified their holdings of the stock. Wells Fargo & Company MN raised 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 during the last quarter. Marshall Wace LLP raised 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 during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of 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.
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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