Zacks Investment Research lowered shares of PGT Inc. (NASDAQ:PGTI) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

According to Zacks, “PGT INDUSTRIES pioneered the U.S. impact-resistant window and door industry and today is the nation’s leading manufacturer and supplier of residential impact-resistant windows and doors. PGT is also one of the largest window and door manufacturers in the United States. The company’s total line of custom windows and doors is now available throughout the eastern United States, the Gulf Coast and in a growing international market, which includes the Caribbean, South America and Australia. PGT’s product line includes PGT Aluminum and Vinyl Windows and Doors; WinGuard Impact-Resistant Windows and Doors; PGT Architectural Systems; and Eze-Breeze Sliding Panels. PGT Industries is a wholly owned subsidiary of PGT, Inc. “

Separately, FBR & Co reaffirmed a buy rating on shares of PGT in a research note on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $13.93.

Shares of PGT (NASDAQ:PGTI) traded up 4.10% during mid-day trading on Wednesday, reaching $11.17. The company’s stock had a trading volume of 745,005 shares. PGT has a 12-month low of $8.69 and a 12-month high of $14.05. The company’s 50-day moving average price is $11.34 and its 200-day moving average price is $10.83. The stock has a market capitalization of $546.72 million, a P/E ratio of 30.19 and a beta of 0.85.

PGT (NASDAQ:PGTI) last announced its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. PGT had a return on equity of 23.68% and a net margin of 4.59%. The business had revenue of $119 million for the quarter, compared to analysts’ expectations of $124.29 million. During the same period last year, the firm posted $0.17 earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. On average, equities research analysts forecast that PGT will post $0.54 earnings per share for the current fiscal year.

In other PGT news, CEO Rodney Hershberger sold 100,000 shares of PGT stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $11.24, for a total value of $1,124,000.00. Following the sale, the chief executive officer now owns 1,058,343 shares of the company’s stock, valued at approximately $11,895,775.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.50% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in PGTI. Lazard Asset Management LLC increased its stake in PGT by 0.3% in the first quarter. Lazard Asset Management LLC now owns 2,293,975 shares of the company’s stock worth $22,572,000 after buying an additional 6,685 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of PGT by 3.9% in the second quarter. Vanguard Group Inc. now owns 2,164,394 shares of the company’s stock worth $22,294,000 after buying an additional 81,765 shares during the period. Cooke & Bieler LP boosted its position in shares of PGT by 9.9% in the second quarter. Cooke & Bieler LP now owns 2,015,040 shares of the company’s stock worth $20,755,000 after buying an additional 181,600 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of PGT by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,857,766 shares of the company’s stock worth $19,135,000 after buying an additional 45,638 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of PGT by 24.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,175,062 shares of the company’s stock worth $12,103,000 after buying an additional 231,552 shares during the period. 95.74% of the stock is currently owned by institutional investors and hedge funds.

PGT Company Profile

PGT, Inc is a manufacturer and supplier of residential impact-resistant windows and doors. The Company operates through the manufacture and sale of windows and doors segment. The Company’s impact-resistant products are marketed under the WinGuard, PremierVue, PGT Architectural Systems and PGT Commercial Storefront System brand names, combine heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris.

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