PGT Inc. (PGTI) Stock Rating Reaffirmed by FBR & Co
PGT Inc. (NASDAQ:PGTI)‘s stock had its “buy” rating reaffirmed by investment analysts at FBR & Co in a research report issued to clients and investors on Wednesday. They presently have a $13.00 price objective on the stock. FBR & Co’s price objective would indicate a potential upside of 23.81% from the company’s previous close.
Separately, Zacks Investment Research cut shares of PGT from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $13.33.
Shares of PGT (NASDAQ:PGTI) opened at 10.50 on Wednesday. PGT has a 1-year low of $8.69 and a 1-year high of $12.49. The firm has a 50-day moving average of $10.45 and a 200 day moving average of $10.87. The company has a market capitalization of $514.47 million, a P/E ratio of 22.34 and a beta of 0.95.
PGT (NASDAQ:PGTI) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. The firm earned $129.80 million during the quarter, compared to analysts’ expectations of $123.99 million. PGT had a net margin of 5.29% and a return on equity of 24.01%. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 earnings per share. On average, analysts anticipate that PGT will post $0.53 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. BlackRock Fund Advisors boosted its position in PGT by 2.5% in the third quarter. BlackRock Fund Advisors now owns 4,174,323 shares of the company’s stock valued at $44,540,000 after buying an additional 101,006 shares during the last quarter. Jennison Associates LLC acquired a new position in shares of PGT during the third quarter worth approximately $29,565,000. 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 last quarter. Cooke & Bieler LP boosted its position in shares of PGT by 3.6% in the third quarter. Cooke & Bieler LP now owns 2,087,400 shares of the company’s stock worth $22,273,000 after buying an additional 72,360 shares during the last quarter. Finally, 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 last quarter. 95.82% of the stock is owned by institutional investors.
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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