Pgt, Inc. (PGTI) Files Form 4 Insider Selling : Rodney Hershberger Sells 100,000 Shares

Pgt, Inc. (PGTI): Rodney Hershberger , CHAIRMAN and CEO of Pgt, Inc. sold 100,000 shares on Jul 6, 2016. The Insider selling transaction was reported by the company on Jul 8, 2016 to the Securities and Exchange Commission. The shares were sold at $11.17 per share for a total value of $1,123,776.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 7, 2016, Rodney Hershberger (Chairman and CEO) sold 28,480 shares at $10.89 per share price.On Dec 9, 2015, Todd A Antonelli (Vice President) sold 145,000 shares at $11.34 per share price.Also, On Oct 27, 2015, Bradley R West (Vice President and CFO) sold 20,000 shares at $14.01 per share price.On Aug 13, 2015, Floyd F Sherman (director) sold 43,008 shares at $12.93 per share price.

Shares of PGT (PGTI) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -0.05 points or -0.48% at $10.37 with 8,47,805 shares getting traded. Post opening the session at $10.2, the shares hit an intraday low of $10.2 and an intraday high of $10.6 and the price vacillated in this range throughout the day. The company has a market cap of $505 M and the number of outstanding shares has been calculated to be 4,86,83,412 shares. The 52-week high of PGT is $16.28 and the 52-week low is $8.685.

PGT Money Flow Index Chart

Company has been under the radar of several Street Analysts.PGT is Initiated by FBR Capital to Outperform and the brokerage firm has set the Price Target at $14.50. The Rating was issued on Jun 1, 2016.PGT is Initiated by Gabelli & Co to Buy and the brokerage firm has set the Price Target at $15. The Rating was issued on May 9, 2016.PGT is Reiterated by Dougherty & Company to Buy and the brokerage firm has raised the Price Target to $ 14 from a previous price target of $12.50 .The Rating was issued on May 6, 2016.

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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