TD Asset Management Inc. Takes Position in PGT Inc. (PGTI)
TD Asset Management Inc. purchased a new stake in shares of PGT Inc. (NASDAQ:PGTI) during the second quarter, according to its most recent filing with the SEC. The firm purchased 10,000 shares of the company’s stock, valued at approximately $103,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC boosted its position in shares of PGT by 0.3% in the first quarter. Lazard Asset Management LLC now owns 2,293,975 shares of the company’s stock valued at $22,572,000 after buying an additional 6,685 shares during the last quarter. Cooke & Bieler LP boosted its position in shares of PGT by 9.9% in the second quarter. Cooke & Bieler LP now owns 2,015,040 shares of the company’s stock valued at $20,755,000 after buying an additional 181,600 shares during the last quarter. Royce & Associates LP boosted its position in shares of PGT by 5.5% in the first quarter. Royce & Associates LP now owns 1,151,248 shares of the company’s stock valued at $11,328,000 after buying an additional 60,100 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of PGT during the second quarter valued at $11,068,000. Finally, State Street Corp boosted its position in shares of PGT by 2.3% in the first quarter. State Street Corp now owns 892,600 shares of the company’s stock valued at $8,785,000 after buying an additional 19,986 shares during the last quarter. 95.74% of the stock is currently owned by hedge funds and other institutional investors.
PGT Inc. (NASDAQ:PGTI) traded up 0.045% on Wednesday, reaching $11.065. 418,591 shares of the company’s stock were exchanged. The company has a market capitalization of $541.58 million, a PE ratio of 29.905 and a beta of 1.16. The company has a 50 day moving average price of $11.56 and a 200-day moving average price of $10.70. PGT Inc. has a 1-year low of $8.69 and a 1-year high of $14.05.
PGT (NASDAQ:PGTI) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. PGT had a return on equity of 23.68% and a net margin of 4.59%. The business earned $119 million during the quarter, compared to analysts’ expectations of $124.29 million. During the same quarter last year, the business posted $0.17 earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. On average, equities research analysts anticipate that PGT Inc. will post $0.54 earnings per share for the current year.
PGTI has been the topic of several recent research reports. FBR & Co reissued a “buy” rating on shares of PGT in a research report on Monday, August 8th. Zacks Investment Research raised shares of PGT from a “sell” rating to a “hold” rating and set a $13.00 price target on the stock in a research report on Thursday, July 7th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $13.93.
In other news, CEO Rodney Hershberger sold 100,000 shares of the firm’s stock in a transaction on Friday, July 8th. The stock was sold at an average price of $11.24, for a total value of $1,124,000.00. Following the completion of the transaction, the chief executive officer now owns 1,058,343 shares in the company, valued at $11,895,775.32. The sale was disclosed in a document filed with the SEC, which is available at this link. 6.50% of the stock is owned by insiders.
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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