The stock of PGT, Inc. (NASDAQ:PGTI) is a huge mover today! About 392,415 shares traded hands or 13.66% up from the average. PGT, Inc. (NASDAQ:PGTI) has risen 15.38% since March 3, 2016 and is uptrending. It has outperformed by 7.03% the S&P500.
The move comes after 6 months positive chart setup for the $542.70 million company. It was reported on Oct, 6 by Barchart.com. We have $15.85 PT which if reached, will make NASDAQ:PGTI worth $227.93 million more.
Analysts await PGT, Inc. (NASDAQ:PGTI) to report earnings on November, 2. They expect $0.18 EPS, up 12.50% or $0.02 from last year’s $0.16 per share. PGTI’s profit will be $8.75 million for 15.50 P/E if the $0.18 EPS becomes a reality. After $0.15 actual EPS reported by PGT, Inc. for the previous quarter, Wall Street now forecasts 20.00% EPS growth.
PGT, Inc. (NASDAQ:PGTI) Ratings Coverage
Out of 9 analysts covering PGT Inc. (NASDAQ:PGTI), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. PGT Inc. has been the topic of 14 analyst reports since August 7, 2015 according to StockzIntelligence Inc. As per Wednesday, August 12, the company rating was downgraded by Zacks. The company was downgraded on Friday, August 7 by Craig Hallum. The stock of PGT, Inc. (NASDAQ:PGTI) has “Neutral” rating given on Monday, October 26 by Dougherty & Company. As per Thursday, August 27, the company rating was initiated by Sidoti. The rating was initiated by FBR Capital with “Outperform” on Wednesday, June 1. RBC Capital Markets maintained it with “Outperform” rating and $12 target price in Friday, November 6 report. The stock of PGT, Inc. (NASDAQ:PGTI) has “Outperform” rating given on Thursday, December 10 by RBC Capital Markets. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Wednesday, March 2 report. The rating was downgraded by Craig-Hallum on Friday, August 7 to “Buy”. RBC Capital Markets maintained PGT, Inc. (NASDAQ:PGTI) on Friday, August 7 with “Outperform” rating.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 1.54 in Q2 2016. Its up 0.14, from 1.4 in 2016Q1. The ratio is positive, as 8 funds sold all PGT, Inc. shares owned while 38 reduced positions. 24 funds bought stakes while 47 increased positions. They now own 45.52 million shares or 0.89% less from 45.93 million shares in 2016Q1.
Goldman Sachs Group has 23,818 shares for 0% of their US portfolio. Arizona State Retirement Sys last reported 0% of its portfolio in the stock. Moreover, Highlander Capital Mgmt Ltd Liability has 0.01% invested in PGT, Inc. (NASDAQ:PGTI) for 700 shares. Allianz Asset Management Ag holds 0% or 171,805 shares in its portfolio. The Oklahoma-based Bokf Na has invested 0% in PGT, Inc. (NASDAQ:PGTI). Moreover, Teacher Retirement System Of Texas has 0% invested in PGT, Inc. (NASDAQ:PGTI) for 6,819 shares. Blackrock Gru Limited has 0% invested in the company for 48,772 shares. Ladenburg Thalmann Service, a Florida-based fund reported 60 shares. Principal Fincl Grp has invested 0% of its portfolio in PGT, Inc. (NASDAQ:PGTI). Penn Management Com holds 0.59% or 1.00M shares in its portfolio. Rmb Capital Mgmt Limited Liability holds 0.18% or 342,455 shares in its portfolio. Lazard Asset Lc owns 1.96M shares or 0.05% of their US portfolio. Capstone Asset Management reported 38,080 shares or 0.01% of all its holdings. Ls Advsrs Ltd accumulated 0% or 1,609 shares. Corbyn Invest Management Md holds 0.63% or 188,084 shares in its portfolio.
Insider Transactions: Since July 6, 2016, the stock had 0 buys, and 5 selling transactions for $2.52 million net activity. 16,872 shares were sold by Ferrucci Mario III, worth $194,872. Another trade for 28,500 shares valued at $342,000 was sold by Hershberger Rodney.
More notable recent PGT, Inc. (NASDAQ:PGTI) news were published by: Fool.com which released: “PGT, Inc. Downgraded: 3 Things You Need to Know” on March 02, 2016, also Seekingalpha.com with their article: “PGT, Inc. Offers A Window Of Opportunity” published on August 03, 2016, Nasdaq.com published: “PGT, Inc. Subsidiary to Acquire US Impact Systems” on September 06, 2016. More interesting news about PGT, Inc. (NASDAQ:PGTI) were released by: Globenewswire.com and their article: “PGT, Inc. to Release 2016 Second Quarter Results and host Conference Call on …” published on July 13, 2016 as well as Streetinsider.com‘s news article titled: “PGT, Inc. (PGTI) to Acquire WinDoor in $102M Deal” with publication date: November 30, 2015.
PGTI Company Profile
PGT, Inc., incorporated on December 16, 2003, is a maker and supplier of residential impact-resistant windows and doors. The Firm 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. The Firm also makes non-impact resistant products in both aluminum and vinyl frames, including its SpectraGuard line of products. The Firm conducts business in the Southeastern United States, Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America and Canada. The Firm makes customizable aluminum and vinyl windows and doors and porch enclosure products focusing both the residential new construction, and repair and remodeling end markets.
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