Shares of PGT Inc. (NASDAQ:PGTI) have received a consensus rating of “Buy” from the seven ratings firms that are presently covering the stock. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $14.00.
A number of research firms have recently issued reports on PGTI. Zacks Investment Research lowered shares of PGT from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. FBR & Co began coverage on shares of PGT in a research note on Wednesday, June 1st. They set an “outperform” rating and a $14.50 price objective on the stock.
Shares of PGT (NASDAQ:PGTI) traded up 1.45% during mid-day trading on Tuesday, reaching $11.16. 208,475 shares of the company were exchanged. The company’s 50-day moving average is $11.49 and its 200 day moving average is $10.76. PGT has a 12 month low of $8.69 and a 12 month high of $14.05. The firm has a market capitalization of $546.23 million, a price-to-earnings ratio of 30.16 and a beta of 1.16.
PGT (NASDAQ:PGTI) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. PGT had a net margin of 4.59% and a return on equity of 23.68%. The firm had revenue of $119 million for the quarter, compared to analyst estimates of $124.29 million. During the same quarter last year, the firm posted $0.17 earnings per share. PGT’s revenue for the quarter was up 18.1% compared to the same quarter last year. Analysts predict that PGT will post $0.54 EPS for the current year.
In related news, CEO Rodney Hershberger sold 28,500 shares of PGT stock in a transaction on Monday, July 18th. The shares were sold at an average price of $12.00, for a total value of $342,000.00. Following the completion of the sale, the chief executive officer now owns 986,843 shares in the company, valued at $11,842,116. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.50% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of PGTI. TD Asset Management Inc. bought a new stake in shares of PGT during the second quarter worth about $103,000. Menta Capital LLC bought a new stake in shares of PGT during the second quarter worth about $108,000. Chesapeake Asset Management LLC bought a new stake in shares of PGT during the second quarter worth about $120,000. Goldman Sachs Group Inc. bought a new stake in shares of PGT during the first quarter worth about $130,000. Finally, GSA Capital Partners LLP bought a new stake in shares of PGT during the second quarter worth about $148,000. Institutional investors and hedge funds own 95.74% of the company’s stock.
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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