Zelman Capital buys $8,392,301 stake in PGT (PGTI)

PGT (PGTI) : Zelman Capital scooped up 339,500 additional shares in PGT during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 13, 2016. The investment management firm now holds a total of 713,631 shares of PGT which is valued at $8,392,301.PGT makes up approximately 4.10% of Zelman Capital’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in PGTI in the latest quarter, The investment management firm added 7,610 additional shares and now holds a total of 38,080 shares of PGT which is valued at $447,821. PGT makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Cutler Group Lp reduced its stake in PGTI by selling 1,982 shares or 59.38% in the most recent quarter. The Hedge Fund company now holds 1,356 shares of PGTI which is valued at $15,947. Mazama Capital Management Inc sold out all of its stake in PGTI during the most recent quarter. The investment firm sold 83,519 shares of PGTI which is valued $963,809.Bnp Paribas Arbitrage Sa boosted its stake in PGTI in the latest quarter, The investment management firm added 7,926 additional shares and now holds a total of 15,169 shares of PGT which is valued at $175,050.

PGT opened for trading at $11.83 and hit $12.01 on the upside on Monday, eventually ending the session at $12, with a gain of 1.61% or 0.19 points. The heightened volatility saw the trading volume jump to 2,70,038 shares. Company has a market cap of $584 M.

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.

Many Wall Street Analysts have commented on PGT. FBR Capital Initiated PGT on Jun 1, 2016 to “Outperform”, Price Target of the shares are set at $14.50.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 .

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.

Leave a Reply

PGT - Is it time to Sell?

Top Brokerage Firms are advising their investors on PGT. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.