Dougherty & Co Initiates Coverage on PGT (PGTI)
Analysts at Dougherty & Co initiated coverage on shares of PGT (NASDAQ:PGTI) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of PGT (NASDAQ:PGTI) opened at 9.98 on Friday. PGT has a 52-week low of $3.17 and a 52-week high of $11.69. The stock has a 50-day moving average of $10.23 and a 200-day moving average of $8.77. The company has a market cap of $456.7 million and a P/E ratio of 25.99.
PGT (NASDAQ:PGTI) last posted its quarterly 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of PGT (NASDAQ:PGTI) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $11.80 price target on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. PGT currently has an average rating of “Buy” and a consensus price target of $9.55.
In other PGT news, Director Floyd Sherman unloaded 34,124 shares of the company’s stock on the open market in a transaction dated Friday, September 13th. The stock was sold at an average price of $10.55, for a total transaction of $360,008.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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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