PGT VP Todd A. Antonelli Sells 49,228 Shares (PGTI)
PGT (NASDAQ:PGTI) VP Todd A. Antonelli sold 49,228 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $10.61, for a total transaction of $522,309.08. Following the completion of the transaction, the vice president now directly owns 3,404 shares in the company, valued at approximately $36,116. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of PGT (NASDAQ:PGTI) traded down 0.19% on Thursday, hitting $10.43. 475,320 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 $9.41 and a 200-day moving average of $9.7. The company has a market cap of $493.3 million and a price-to-earnings ratio of 23.38. PGT also was the recipient of a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 1,340,217 shares, a drop of 26.9% from the July 31st total of 1,833,683 shares. Based on an average trading volume of 364,630 shares, the days-to-cover ratio is presently 3.7 days. Approximately 3.0% of the shares of the company are sold short.
PGT (NASDAQ:PGTI) last issued its quarterly 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.
PGTI has been the subject of a number of recent research reports. Analysts at SunTrust initiated coverage on shares of PGT in a research note on Thursday, August 28th. They set a “neutral” rating and a $11.00 price target on the stock. Separately, 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. Finally, 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 equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $11.90.
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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