PGT, Inc. (PGTI) Director Sells $650,315.45 in Stock

PGT, Inc. (NYSE:PGTI) Director William J. Morgan sold 41,395 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $15.71, for a total value of $650,315.45. Following the completion of the transaction, the director now owns 75,508 shares in the company, valued at approximately $1,186,230.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

PGT, Inc. (NYSE:PGTI) traded up $0.10 on Thursday, hitting $16.20. The stock had a trading volume of 316,597 shares, compared to its average volume of 318,200. The company has a quick ratio of 2.71, a current ratio of 3.67 and a debt-to-equity ratio of 1.50. The firm has a market cap of $799.54, a PE ratio of 30.38, a P/E/G ratio of 1.77 and a beta of 1.21. PGT, Inc. has a 1-year low of $10.00 and a 1-year high of $16.50.

PGT (NYSE:PGTI) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). The firm had revenue of $126.90 million for the quarter, compared to analyst estimates of $129.82 million. PGT had a return on equity of 19.02% and a net margin of 4.87%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 earnings per share. sell-side analysts expect that PGT, Inc. will post 0.56 EPS for the current fiscal year.

A number of research analysts recently issued reports on PGTI shares. Royal Bank Of Canada restated a “buy” rating and set a $17.00 price target on shares of PGT in a research note on Wednesday, November 15th. BidaskClub upgraded PGT from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Dougherty & Co raised PGT from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. SunTrust Banks reaffirmed a “buy” rating on shares of PGT in a research report on Tuesday, September 12th. Finally, B. Riley increased their price objective on PGT from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $16.67.

A number of hedge funds have recently modified their holdings of PGTI. Lazard Asset Management LLC raised its holdings in PGT by 12.2% during the second quarter. Lazard Asset Management LLC now owns 2,989,820 shares of the construction company’s stock worth $38,269,000 after purchasing an additional 325,137 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in PGT by 132.4% during the third quarter. Russell Investments Group Ltd. now owns 357,058 shares of the construction company’s stock worth $5,338,000 after purchasing an additional 203,395 shares during the last quarter. Columbus Circle Investors purchased a new position in PGT during the third quarter worth $2,662,000. Capital Research Global Investors purchased a new position in PGT during the second quarter worth $2,041,000. Finally, Prudential Financial Inc. increased its position in PGT by 140.0% during the third quarter. Prudential Financial Inc. now owns 257,380 shares of the construction company’s stock worth $3,848,000 after buying an additional 150,140 shares in the last quarter. 92.43% of the stock is owned by hedge funds and other institutional investors.

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PGT Company Profile

PGT Innovations, Inc, formerly PGT, Inc, is a manufacturer of impact-resistant windows and doors. The Company’s brands include CGI, PGT Windows + Doors and WinDoor. CGI serves residential and commercial markets in both new and existing construction. CGI manufacturing and delivery facilities are based in Miami, Florida.

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