PGT (PGTI) is Initiated by FBR Capital to Outperform, Price Target at $14.50

PGT (PGTI) was Initiated by FBR Capital to “Outperform” and the brokerage firm has set the Price Target at $14.50. FBR Capital advised their investors in a research report released on Jun 1, 2016.

Many Wall Street Analysts have commented on PGT. Gabelli & Co Initiated PGT on May 9, 2016 to “Buy”, Price Target of the shares are set at $15.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 .

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 opened for trading at $10.46 and hit $10.81 on the upside on Friday, eventually ending the session at $10.68, with a gain of 2.30% or 0.24 points. The heightened volatility saw the trading volume jump to 2,63,648 shares. Company has a market cap of $520 M.

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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