PGT Inc. (PGTI) Stock Rating Upgraded by Zacks Investment Research
PGT Inc. (NASDAQ:PGTI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.
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 reiterated a “buy” rating on shares of PGT in a research report on Monday, August 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $13.33.
PGT (NASDAQ:PGTI) opened at 10.25 on Tuesday. The stock has a market cap of $502.22 million, a price-to-earnings ratio of 21.81 and a beta of 0.95. The stock’s 50 day moving average price is $10.47 and its 200-day moving average price is $10.87. PGT has a 12 month low of $8.69 and a 12 month high of $12.49.
PGT (NASDAQ:PGTI) last posted its earnings results on Thursday, November 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The company earned $129.80 million during the quarter, compared to the consensus estimate of $123.99 million. PGT had a net margin of 5.29% and a return on equity of 24.01%. The firm’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. Equities analysts expect that PGT will post $0.53 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Jennison Associates LLC bought a new stake in PGT during the third quarter worth approximately $29,565,000. Peregrine Capital Management LLC acquired a new stake in shares of PGT during the third quarter valued at about $18,130,000. Emerald Acquisition Ltd. acquired a new stake in shares of PGT during the second quarter valued at about $11,068,000. Sheffield Asset Management L.L.C. boosted its stake in shares of PGT by 113.3% in the second quarter. Sheffield Asset Management L.L.C. now owns 989,184 shares of the company’s stock valued at $10,189,000 after buying an additional 525,500 shares in the last quarter. Finally, Icon Advisers Inc. Co. boosted its stake in shares of PGT by 180.8% in the second quarter. Icon Advisers Inc. Co. now owns 579,300 shares of the company’s stock valued at $5,967,000 after buying an additional 373,000 shares in the last quarter. 95.82% of the stock is 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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