Insider Selling: Randy White Sells 95,221 Shares of PGT Stock (PGTI)
PGT (NASDAQ:PGTI) Director Randy White sold 95,221 shares of the stock on the open market in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $10.84, for a total value of $1,032,195.64. Following the sale, the director now directly owns 348,491 shares in the company. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Raymond James raised their price target on shares of PGT (NASDAQ:PGTI) from $9.50 to $12.50 in a research note to investors on Friday, August 2nd. They now have a “strong-buy” rating on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of PGT (NASDAQ:PGTI) in a research note to investors on Tuesday, July 30th. They set a “neutral” rating and a $9.97 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of PGT (NASDAQ:PGTI) from $9.00 to $10.00 in a research note to investors on Wednesday, June 19th. They now have an “outperform” rating on the stock.
One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. PGT presently has an average rating of “Buy” and a consensus price target of $9.09.
Shares of PGT (NASDAQ:PGTI) traded down 3.19% on Wednesday, hitting $10.765. 336,175 shares of the company’s stock traded hands. PGT has a one year low of $3.00 and a one year high of $11.69. The stock has a 50-day moving average of $10.22 and a 200-day moving average of $8.41. The company has a market cap of $492.6 million and a price-to-earnings ratio of 29.50.
PGT (NASDAQ:PGTI) last released its earnings data on Wednesday, July 31st. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.04. The company had revenue of $62.80 million for the quarter, compared to the consensus estimate of $57.41 million. During the same quarter last year, the company posted $0.07 earnings per share. PGT’s revenue was up 35.1% compared to the same quarter last year. On average, analysts predict that PGT will post $0.42 earnings per share for the current fiscal year.
PGT, Inc is a manufacturer and supplier of residential impact-resistant windows and doors. The Company’s impact-resistant products are marketed under the WinGuard, PremierVue and PGT Architectural Systems brand names, and combine aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris by maintaining their structural integrity and preventing penetration by impacting objects.
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