PGT (PGTI) is Initiated by Gabelli & Co to Buy, Price Target at $15

PGT (PGTI) was Initiated by Gabelli & Co to “Buy” and the brokerage firm has set the Price Target at $15. Gabelli & Co advised their investors in a research report released on May 9, 2016.

Many Wall Street Analysts have commented on PGT. Company shares were Reiterated by Dougherty & Company on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 14 from a previous price target of $12.50 .PGT was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Mar 2, 2016. Shares were Reiterated by Dougherty & Company on Feb 26, 2016 to “Buy” and Lowered the Price Target to $ 12.50 from a previous price target of $13 .

On the company’s financial health, PGT reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.08. The company had revenue of $100.20 million for the quarter, compared to analysts expectations of $99.17 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.

PGT closed down -0.06 points or -0.62% at $9.69 with 5,87,544 shares getting traded on Friday. Post opening the session at $9.7, the shares hit an intraday low of $9.38 and an intraday high of $9.8357 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jan 7, 2016, Rodney Hershberger (Chairman and CEO) sold 28,480 shares at $10.89 per share price. According to the SEC, on Dec 9, 2015, Todd A Antonelli (Vice President) sold 145,000 shares at $11.34 per share price. On Oct 27, 2015, Bradley R West (Vice President and CFO) sold 20,000 shares at $14.01 per share price, according to the Form-4 filing with the securities and exchange commission.

PGT Inc. is a manufacturer and supplier of residential impact-resistant windows and doors. The Company’s impact-resistant products are marketed under 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 by maintaining their structural integrity and preventing penetration by impacting objects. The Company also manufactures non-impact resistant products in both aluminum and vinyl frames including its SpectraGuard line of products. The Company conducts business in the Southeastern United States Gulf Coast Coastal mid-Atlantic the Caribbean Central America and Canada.


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