PGT Sets New 1-Year Low at $7.67 (PGTI)
PGT (NASDAQ:PGTI)’s share price hit a new 52-week low during mid-day trading on Friday , AnalystRatingsNetwork.com reports. The stock traded as low as $7.67 and last traded at $7.67, with a volume of 126,617 shares trading hands. The stock had previously closed at $7.90.
Several analysts have recently commented on the stock. 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 equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $12.36.
The stock’s 50-day moving average is $8.42 and its 200-day moving average is $9.99. The company has a market cap of $359.0 million and a price-to-earnings ratio of 15.93. PGT also was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 1,810,315 shares, a growth of 55.9% from the June 30th total of 1,160,987 shares. Based on an average daily trading volume, of 520,492 shares, the short-interest ratio is currently 3.5 days. Approximately 4.1% of the company’s stock are short sold.
PGT (NASDAQ:PGTI) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 26.6% on a year-over-year basis. 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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