Insider Selling: PGT Director Unloads 33,898 Shares of Stock (PGTI)
PGT (NASDAQ:PGTI) Director Floyd F. Sherman sold 33,898 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $8.28, for a total value of $280,675.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
PGTI has been the subject of a number of recent research reports. Analysts at RBC Capital cut their price target on shares of PGT from $13.00 to $11.00 in a research note on Friday, May 9th. Separately, analysts at Deutsche Bank cut their price target on shares of PGT from $13.00 to $12.00 in a research note on Friday, May 9th. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of PGT in a research note on Thursday, May 8th. They now have a $13.50 price target on the stock, down previously from $14.00. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $12.36.
Shares of PGT (NASDAQ:PGTI) traded down 1.47% during mid-day trading on Thursday, hitting $8.03. The stock had a trading volume of 455,034 shares. PGT has a 52 week low of $7.57 and a 52 week high of $12.61. The stock’s 50-day moving average is $10.31 and its 200-day moving average is $10.52. The company has a market cap of $379.3 million and a P/E ratio of 16.43.
PGT (NASDAQ:PGTI) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.08 by $0.01. The company had revenue of $62.70 million for the quarter, compared to the consensus estimate of $63.52 million. During the same quarter last year, the company posted $0.06 earnings per share. PGT’s revenue was up 26.6% compared to the same quarter last year. Analysts expect that PGT will post $0.43 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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