PGT Inc. (NASDAQ:PGTI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research 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 reaffirmed a “buy” rating on shares of PGT in a report on Monday, August 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $13.33.
PGT (NASDAQ:PGTI) traded up 0.43% during mid-day trading on Tuesday, reaching $11.60. 167,941 shares of the company were exchanged. The stock’s 50-day moving average is $10.54 and its 200-day moving average is $10.94. The company has a market cap of $568.37 million, a P/E ratio of 24.68 and a beta of 0.95. PGT has a 12 month low of $8.69 and a 12 month high of $12.49.
PGT (NASDAQ:PGTI) last released its earnings results on Thursday, November 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $129.80 million for the quarter, compared to analyst estimates of $123.99 million. PGT had a return on equity of 24.01% and a net margin of 5.29%. PGT’s revenue was up 28.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 earnings per share. Equities analysts expect that PGT will post $0.53 earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. BlackRock Fund Advisors boosted its position in shares of PGT by 2.5% in the third quarter. BlackRock Fund Advisors now owns 4,174,323 shares of the company’s stock worth $44,540,000 after buying an additional 101,006 shares in the last quarter. Jennison Associates LLC bought a new position in shares of PGT during the third quarter worth $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 in 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 in the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of PGT by 5.6% in the third quarter. Lazard Asset Management LLC now owns 2,074,095 shares of the company’s stock worth $22,130,000 after buying an additional 109,708 shares in the last quarter. 95.31% of the stock is currently owned by hedge funds and other 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.