Insider Selling: PGT Director Sells 40,322 Shares of Stock (PGTI)
PGT (NASDAQ:PGTI) Director William Morgan unloaded 40,322 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $10.80, for a total value of $435,477.60. Following the completion of the sale, the director now directly owns 28,501 shares in the company. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on PGTI. 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $9.09.
PGT (NASDAQ:PGTI) traded up 0.38% on Friday, hitting $10.46. 551,665 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 $10.25 and a 200-day moving average of $8.44. The company has a market cap of $478.6 million and a price-to-earnings ratio of 27.64.
PGT (NASDAQ:PGTI) last issued its quarterly 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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