Insider Selling: PGT VP Sells 25,000 Shares of Stock (PGTI)
PGT (NASDAQ:PGTI) VP Deborah L. Lapinska sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $10.52, for a total value of $263,000.00. Following the completion of the transaction, the vice president now directly owns 20,413 shares of the company’s stock, valued at approximately $214,745. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on PGTI. Analysts at RBC Capital raised their price target on shares of PGT from $9.00 to $11.00 in a research note on Thursday, July 31st. Analysts at Raymond James reiterated a “strong-buy” rating on shares of PGT in a research note on Wednesday, July 30th. They now have a $12.00 price target on the stock, down previously from $13.50. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $12.13.
PGT (NASDAQ:PGTI) remained flat at $10.46 during during mid-day trading trading on Friday. 500,069 shares of the company’s stock traded hands. PGT has a 52 week low of $7.34 and a 52 week high of $12.61. The stock has a 50-day moving average of $8.86 and a 200-day moving average of $9.78. The company has a market cap of $494.7 million and a price-to-earnings ratio of 23.40.
PGT (NASDAQ:PGTI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.36 by $0.20. The company had revenue of $81.60 million for the quarter, compared to the consensus estimate of $130.97 million. On average, analysts predict that PGT will post $0.47 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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