The stock of PGT, Inc. (NASDAQ:PGTI) is a huge mover today! About 160,408 shares traded hands. PGT, Inc. (NASDAQ:PGTI) has declined 1.22% since April 4, 2016 and is downtrending. It has underperformed by 2.31% the S&P500.
The move comes after 6 months positive chart setup for the $496.70 million company. It was reported on Nov, 4 by Barchart.com. We have $30.40 PT which if reached, will make NASDAQ:PGTI worth $983.47 million more.
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. The firm has “Neutral” rating by Dougherty & Company given on Monday, October 26. The firm has “Buy” rating by Craig-Hallum given on Friday, August 7. Sidoti initiated it with “Buy” rating and $19.0 target price in Thursday, August 27 report. Gabelli initiated it with “Buy” rating and $15 target price in Monday, May 9 report. The firm has “Outperform” rating by FBR Capital given on Wednesday, June 1. The stock of PGT, Inc. (NASDAQ:PGTI) has “Outperform” rating given on Friday, August 7 by RBC Capital Markets. Craig Hallum downgraded the shares of PGTI in a report on Friday, August 7 to “Hold” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, December 10. The rating was downgraded by Zacks to “Buy” on Wednesday, August 12. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Wednesday, March 2 report.
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.
Teachers Advsr has 82,161 shares for 0% of their US portfolio. Wall Street, a California-based fund reported 266,402 shares. Cortina Asset Mgmt Ltd Com holds 0.51% or 1.10M shares in its portfolio. Sei Investments last reported 7,987 shares in the company. Greenwood Cap Associates Ltd Liability Com last reported 65,566 shares in the company. The Tennessee-based State Of Tennessee Treasury Department has invested 0% in PGT, Inc. (NASDAQ:PGTI). Kortright Cap Partners Ltd Partnership holds 158,702 shares or 5.54% of its portfolio. Putnam Limited Liability Company, a Massachusetts-based fund reported 443,951 shares. The New York-based Citigroup has invested 0% in PGT, Inc. (NASDAQ:PGTI). Capstone Asset Mgmt, a Texas-based fund reported 38,080 shares. Bokf Na accumulated 3,125 shares or 0% of the stock. Tower Research Ltd (Trc) reported 3,468 shares or 0% of all its holdings. Zelman Cap Limited Liability Com last reported 1.31% of its portfolio in the stock. Parametric Port Assoc Lc accumulated 85,512 shares or 0% of the stock. Sheffield Asset Management Ltd Liability owns 989,184 shares or 3.03% of their US portfolio.
Insider Transactions: Since July 6, 2016, the stock had 0 buys, and 5 sales for $2.52 million net activity. 28,500 shares with value of $342,000 were sold by Hershberger Rodney on Monday, July 18. 16,872 PGT, Inc. (NASDAQ:PGTI) shares with value of $194,872 were sold by Ferrucci Mario III.
More notable recent PGT, Inc. (NASDAQ:PGTI) news were published by: Reuters.com which released: “BRIEF-PGT Inc reports 2016 third quarter results” on November 03, 2016, also Fool.com with their article: “PGT, Inc. Downgraded: 3 Things You Need to Know” published on March 02, 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: Seekingalpha.com and their article: “PGT, Inc. Offers A Window Of Opportunity” published on August 03, 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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