According to Zacks, “PGT INDUSTRIES pioneered the U.S. impact-resistant window and door industry and today is the nation’s leading manufacturer and supplier of residential impact-resistant windows and doors. PGT is also one of the largest window and door manufacturers in the United States. The company’s total line of custom windows and doors is now available throughout the eastern United States, the Gulf Coast and in a growing international market, which includes the Caribbean, South America and Australia. PGT’s product line includes PGT Aluminum and Vinyl Windows and Doors; WinGuard Impact-Resistant Windows and Doors; PGT Architectural Systems; and Eze-Breeze Sliding Panels. PGT Industries is a wholly owned subsidiary of PGT, Inc. “
Separately, FBR & Co reissued a buy rating on shares of PGT in a research note on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the company. PGT currently has an average rating of Buy and a consensus target price of $13.93.
PGT (NASDAQ:PGTI) opened at 11.35 on Wednesday. The stock has a 50 day moving average of $11.34 and a 200-day moving average of $10.85. The firm has a market cap of $555.53 million, a price-to-earnings ratio of 30.68 and a beta of 0.86. PGT has a 52-week low of $8.69 and a 52-week high of $14.05.
PGT (NASDAQ:PGTI) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. PGT had a net margin of 4.59% and a return on equity of 23.68%. The business had revenue of $119 million for the quarter, compared to analysts’ expectations of $124.29 million. During the same quarter last year, the company earned $0.17 EPS. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, analysts expect that PGT will post $0.54 EPS for the current year.
In other PGT news, Chairman Rodney Hershberger sold 55,803 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $12.07, for a total transaction of $673,542.21. Following the transaction, the chairman now owns 1,014,146 shares of the company’s stock, valued at approximately $12,240,742.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 6.50% of the company’s stock.
Several institutional investors have recently bought and sold shares of PGTI. TD Asset Management Inc. acquired a new position in PGT during the second quarter valued at $103,000. Menta Capital LLC acquired a new position in PGT during the second quarter valued at $108,000. Chesapeake Asset Management LLC acquired a new position in PGT during the second quarter valued at $120,000. GSA Capital Partners LLP acquired a new position in PGT during the second quarter valued at $148,000. 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 valued at $156,000 after buying an additional 7,926 shares during the period. Institutional investors 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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