PGT Short Interest Down 26.9% in August (PGTI)
Shares of PGT (NASDAQ:PGTI) were the recipient of a large decrease in short interest in 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, StockRatingsNetwork reports. Approximately 3.0% of the company’s stock are sold short. Based on an average trading volume of 364,630 shares, the short-interest ratio is currently 3.7 days.
In other PGT news, VP Todd A. Antonelli sold 49,228 shares of the stock on the open market 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on PGTI shares. 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 issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $11.90.
Shares of PGT (NASDAQ:PGTI) opened at 10.43 on Friday. 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 P/E ratio of 23.38.
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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