Insider Selling: PGT VP Sells 2,484 Shares of Stock (PGTI)
PGT (NASDAQ:PGTI) VP Mario Ferrucci III unloaded 2,484 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $10.51, for a total value of $26,106.84. Following the completion of the transaction, the vice president now directly owns 29,867 shares in the company, valued at approximately $313,902. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on PGTI shares. 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 research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $12.13.
Shares of PGT (NASDAQ:PGTI) traded up 0.77% on Tuesday, hitting $10.48. The stock had a trading volume of 310,009 shares. PGT has a one year low of $7.34 and a one year high of $12.61. The stock’s 50-day moving average is $9.00 and its 200-day moving average is $9.77. The company has a market cap of $495.7 million and a P/E ratio of 23.27. PGT also was the target of a large decrease in short interest in the month of August. As of August 15th, there was short interest totalling 1,340,217 shares, a decrease of 26.9% from the July 31st total of 1,833,683 shares. Currently, 3.0% of the company’s shares are short sold. Based on an average daily volume of 364,630 shares, the days-to-cover ratio is presently 3.7 days.
PGT (NASDAQ:PGTI) last released its 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. Analysts expect that PGT will post $0.47 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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