Stock Analysis:PGT Inc (NASDAQ:PGTI) Stock Target Has Been Increased
In an interesting research report revealed to clients and investors by RBC Capital Markets on Thursday morning, PGT Inc (NASDAQ:PGTI) had its target price per share lifted to $13.00. The firm at present has a solid “Outperform” rating on shares.
From a total of 8 analysts covering PGT Inc. (NASDAQ:PGTI) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 63% of the ratings are positive. The highest target price is $17 while the lowest target price is $12. The mean of all analyst targets is $14.31 with a 33.45% above today’s ($11.09) stock price. PGT Inc. was the topic of 10 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 6 with “Outperform” rating. Sidoti initiated PGTI stock in a recent report from August 27 with “Buy” rating. Finally, Craig-Hallum downgraded the stock to “Buy” rating in a report issued on an August 7.
Approximately 218,373 shares of stock traded hands. PGT, Inc. (NASDAQ:PGTI) has risen 4.27% since May 7, 2015 and is uptrending. It has outperformed by 6.21% the S&P500.
The overall sentiment of institutions has decreased to 0.95 in Q2 2015. Its down 0.34, from 1.29 in 2015Q2. The ratio turned negative, as 34 institutions have sold all the shares of PGT, Inc. that they owned while 44 funds have taken shares off the table. 18 funds have purchased shares for the first time while 56 added to their positions. These institutions now hold 44.34 million shares or 1.16% more than the 43.83 million shares they owned in 2015Q2.
The Fund Zelman Capital Llc currently is holding shares equating to 5.86% of its total portfolio in PGT, Inc. representing a total of 1.36 million shares. Another fund,Rock Point Advisors Llc, is holding a total of 365,780 shares equating to 2.46% of their holdings. Additionally, Oberweis Asset Management Inc has a 631,130 share stake in PGT, Inc. which represents 2.26% of their total portfolio. The Fund, Netols Asset Management Inc., based out of Wisconsin, has also built up a stake in the stock, which represents a total of 1.73% of their total portfolio. Finally Wall Street Associates, a fund which is based in the state of California reported a total holdings of 501,202 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 5, 2015, shareholders of PGT, Inc. have witnessed 0 insider purchases, and a total of 4 sales equating to a net activity of approximately $1.51 million . Sherman Floyd F sold 43,008 shares worth approximately $556,093. Jackson Jeffrey T sold 50,000 shares worth approximately $801,500. Milgrim Brett N sold 10,000 shares worth approximately $148,400. Burns Monte Wray sold 300 shares worth approximately $4,359. The company insider Ferrucci Mario Iii sold 55,000 shares worth $723,250.
PGT, Inc. is a manufacturer and supplier of residential impact-resistant windows and doors. The company has a market cap of $558.28 million. 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. It has 24.55 P/E ratio. The Firm also makes non-impact resistant products in both aluminum and vinyl frames, including its SpectraGuard line of products.
According to Zacks Investment Research, “PGT INDUSTRIES pioneered the U.S. impact-resistant window and door industry and today is the nation’s leading manufacturer and supplier of residential impact-resistant windows and doors. PGT is also one of the largest window and door manufacturers in the United States. The company’s total line of custom windows and doors is now available throughout the eastern United States, the Gulf Coast and in a growing international market, which includes the Caribbean, South America and Australia. PGT’s product line includes PGT Aluminum and Vinyl Windows and Doors; WinGuard Impact-Resistant Windows and Doors; PGT Architectural Systems; and Eze-Breeze Sliding Panels. PGT Industries is a wholly owned subsidiary of PGT, Inc.” Get a free copy of the Zacks research report on PGT, Inc. (PGTI).