California State Teachers Retirement System reduced its stake in shares of PGT Inc. (NASDAQ:PGTI) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,194 shares of the company’s stock after selling 900 shares during the period. California State Teachers Retirement System owned approximately 0.21% of PGT worth $1,032,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of PGTI. Louisiana State Employees Retirement System raised its position in PGT by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 21,600 shares of the company’s stock worth $222,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System raised its position in PGT by 1.2% in the first quarter. Arizona State Retirement System now owns 24,935 shares of the company’s stock worth $245,000 after buying an additional 300 shares in the last quarter. Lazard Asset Management LLC raised its position in PGT by 0.3% in the first quarter. Lazard Asset Management LLC now owns 2,293,975 shares of the company’s stock worth $22,572,000 after buying an additional 6,685 shares in the last quarter. Capstone Asset Management Co. raised its position in PGT by 25.0% in the second quarter. Capstone Asset Management Co. now owns 38,080 shares of the company’s stock worth $392,000 after buying an additional 7,610 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in PGT by 109.4% in the second quarter. BNP Paribas Arbitrage SA now owns 15,169 shares of the company’s stock worth $156,000 after buying an additional 7,926 shares in the last quarter. 95.74% of the stock is currently owned by institutional investors.
Shares of PGT Inc. (NASDAQ:PGTI) traded down 0.45% during midday trading on Monday, reaching $11.00. 392,722 shares of the company’s stock were exchanged. The company has a market cap of $538.40 million, a P/E ratio of 29.73 and a beta of 1.16. PGT Inc. has a 12 month low of $8.69 and a 12 month high of $14.05. The firm has a 50 day moving average price of $11.50 and a 200 day moving average price of $10.72.
PGT (NASDAQ:PGTI) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. The company had revenue of $119 million for the quarter, compared to the consensus estimate of $124.29 million. PGT had a net margin of 4.59% and a return on equity of 23.68%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. Equities research analysts forecast that PGT Inc. will post $0.54 earnings per share for the current fiscal year.
A number of equities analysts recently commented on the stock. FBR & Co assumed coverage on shares of PGT in a research report on Wednesday, June 1st. They set an “outperform” rating and a $14.50 price target on the stock. 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 assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $13.93.
In related news, CEO Rodney Hershberger sold 100,000 shares of the business’s stock in a transaction dated 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 directly owns 1,058,343 shares of the company’s stock, valued at approximately $11,895,775.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.50% of the stock is currently owned by corporate 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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