PGT Coverage Initiated by Analysts at SunTrust (PGTI)
Analysts at SunTrust assumed coverage on shares of PGT (NASDAQ:PGTI) in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
PGTI has been the subject of a number of other recent research reports. 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. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. PGT currently has a consensus rating of “Buy” and a consensus price target of $12.13.
In other PGT news, VP Mario Ferrucci III unloaded 2,484 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $10.51, for a total transaction of $26,106.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of PGT (NASDAQ:PGTI) opened at 10.38 on Thursday. 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 $9.06 and a 200-day moving average of $9.77. The company has a market cap of $491.0 million and a P/E ratio of 23.45. PGT also saw a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 1,340,217 shares, a decline 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 (EPS) for the quarter, missing the 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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