PGT Inc. (NASDAQ:PGTI) has been assigned an average rating of “Buy” from the seven ratings firms that are covering the stock. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $14.00.
Several equities research analysts recently commented on PGTI shares. Zacks Investment Research lowered shares of PGT from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. FBR & Co reissued a “buy” rating on shares of PGT in a report on Monday, August 8th.
Shares of PGT (NASDAQ:PGTI) opened at 10.67 on Tuesday. PGT has a 52 week low of $8.69 and a 52 week high of $14.05. The stock has a 50 day moving average of $11.41 and a 200 day moving average of $10.79. The stock has a market cap of $522.24 million, a P/E ratio of 28.84 and a beta of 1.16.
PGT (NASDAQ:PGTI) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The company earned $119 million during the quarter, compared to analyst estimates of $124.29 million. PGT had a net margin of 4.59% and a return on equity of 23.68%. The firm’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 EPS. On average, analysts expect that PGT will post $0.54 earnings per share for the current year.
In other 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 transaction of $1,124,000.00. Following the transaction, the chief executive officer now owns 1,058,343 shares of the company’s stock, valued at approximately $11,895,775.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 6.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Corbyn Investment Management Inc. MD boosted its position in shares of PGT by 39.5% in the second quarter. Corbyn Investment Management Inc. MD now owns 188,084 shares of the company’s stock valued at $1,937,000 after buying an additional 53,268 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of PGT by 25.0% in the second quarter. Capstone Asset Management Co. now owns 38,080 shares of the company’s stock valued at $392,000 after buying an additional 7,610 shares during the last quarter. Zelman Capital LLC boosted its position in shares of PGT by 90.7% in the second quarter. Zelman Capital LLC now owns 713,631 shares of the company’s stock valued at $7,350,000 after buying an additional 339,500 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of 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 last quarter. Finally, Arizona State Retirement System boosted its position in shares of PGT by 1.2% in the first quarter. Arizona State Retirement System now owns 24,935 shares of the company’s stock valued at $245,000 after buying an additional 300 shares during the last quarter. 95.74% of the stock is currently owned by hedge funds and other institutional investors.
PGT Company Profile
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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