Pgt, Inc. (PGTI) Files Form 4 Insider Selling : Rodney Hershberger Sells 15,697 Shares

Pgt, Inc. (PGTI): Rodney Hershberger , Chairman and CEO of Pgt, Inc. sold 15,697 shares on Jul 20, 2016. The Insider selling transaction was reported by the company on Jul 22, 2016 to the Securities and Exchange Commission. The shares were sold at $12.01 per share for a total value of $188,643.81 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 20, 2016, Rodney Hershberger (Chairman and CEO) sold 28,500 shares at $12.00 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.

PGT: On Wednesday, Jul 20, 2016 heightened volatility was witnessed in PGT which led to swings in the share price. The shares opened for trading at $11.89 and hit $12.08 on the upside , eventually ending the session at $11.95, with a gain of 1.27% or 0.15 points. The heightened volatility saw the trading volume jump to 2,86,667 shares. The 52-week high of the share price is $16.28 and the company has a market cap of $582 M . The 52-week low of the share price is at $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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