PGT Inc. (PGTI) Stock Price Down 2.5%
PGT Inc. (NASDAQ:PGTI) traded down 2.5% during mid-day trading on Wednesday . The stock traded as low as $11.75 and last traded at $11.75, with a volume of 55,747 shares. The stock had previously closed at $12.05.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of PGT from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Dougherty & Co raised their price target on shares of PGT from $12.50 to $14.00 and gave the stock a “buy” rating in a research note on Friday, May 6th. FBR & Co restated a “buy” rating on shares of PGT in a research note on Monday, August 8th. Finally, Gabelli assumed coverage on shares of PGT in a research note on Monday, May 9th. They set a “buy” rating and a $15.00 price target for the company. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. PGT currently has a consensus rating of “Buy” and a consensus price target of $14.56.
The company’s 50-day moving average is $11.72 and its 200 day moving average is $10.49. The stock has a market capitalization of $577.06 million and a PE ratio of 31.86.
PGT (NASDAQ:PGTI) last issued 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. The firm earned $119 million during the quarter, compared to the consensus estimate of $124.29 million. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 EPS. On average, 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 the company’s stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $11.24, for a total value of $1,124,000.00. Following 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 legal filing with the SEC, which is available at this link.
Other hedge funds and institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased 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 in the last quarter. Marshall Wace LLP increased 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 in the last quarter. Finally, Wells Fargo & Company MN increased 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 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.