Insider Selling: PGT VP Sells 25,946 Shares of Stock (PGTI)
PGT (NASDAQ:PGTI) VP Monte Wray Burns sold 25,946 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $10.84, for a total value of $281,254.64. Following the sale, the vice president now directly owns 10,871 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 investment 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 stock. The stock has an average rating of “Buy” and an average target price of $9.09.
Shares of PGT (NASDAQ:PGTI) traded up 0.96% during mid-day trading on Friday, hitting $10.52. 572,377 shares of the company’s stock traded hands. PGT has a 52-week low of $3.00 and a 52-week high of $11.69. The stock’s 50-day moving average is $10.25 and its 200-day moving average is $8.44. The company has a market cap of $481.4 million and a price-to-earnings ratio of 27.64.
PGT (NASDAQ:PGTI) last announced its earnings results on Wednesday, July 31st. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 35.1% on a year-over-year basis. Analysts expect that PGT will post $0.42 EPS 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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