PGT Inc. (PGTI) Position Increased by Capstone Asset Management Co.
Capstone Asset Management Co. increased its position in shares of PGT Inc. (NASDAQ:PGTI) by 25.0% during the second quarter, Holdings Channel reports. The institutional investor owned 38,080 shares of the company’s stock after buying an additional 7,610 shares during the period. Capstone Asset Management Co. owned about 0.08% of PGT worth $392,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System raised its stake in PGT by 1.2% in the first quarter. Arizona State Retirement System now owns 24,935 shares of the company’s stock worth $245,000 after buying an additional 300 shares in the last quarter. Lazard Asset Management LLC raised its stake in PGT by 0.3% in the first quarter. Lazard Asset Management LLC now owns 2,293,975 shares of the company’s stock worth $22,572,000 after buying an additional 6,685 shares during the period. BNP Paribas Arbitrage SA raised its stake in PGT by 109.4% in the second quarter. BNP Paribas Arbitrage SA now owns 15,169 shares of the company’s stock worth $156,000 after buying an additional 7,926 shares during the period. Kennedy Capital Management Inc. raised its stake in PGT by 1.0% in the first quarter. Kennedy Capital Management Inc. now owns 822,208 shares of the company’s stock worth $8,091,000 after buying an additional 8,456 shares during the period. Finally, Goldman Sachs Group Inc. bought a new stake in PGT during the first quarter worth about $130,000. Hedge funds and other institutional investors own 95.74% of the company’s stock.
Shares of PGT Inc. (NASDAQ:PGTI) traded down 1.17% on Friday, reaching $11.02. The company had a trading volume of 353,609 shares. The firm has a market capitalization of $539.37 million, a price-to-earnings ratio of 29.78 and a beta of 1.16. PGT Inc. has a 52-week low of $8.69 and a 52-week high of $14.05. The company’s 50-day moving average price is $11.71 and its 200-day moving average price is $10.65.
PGT (NASDAQ:PGTI) last released its earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The firm had revenue of $119 million for the quarter, compared to analysts’ expectations of $124.29 million. PGT had a return on equity of 23.68% and a net margin of 4.59%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 EPS. On average, analysts predict that PGT Inc. will post $0.54 earnings per share for the current year.
A number of equities analysts recently commented on PGTI shares. FBR & Co started coverage on PGT in a report on Wednesday, June 1st. They issued an “outperform” rating and a $14.50 price objective on the stock. Zacks Investment Research upgraded PGT from a “sell” rating to a “hold” rating and set a $13.00 price target on the stock in a report on Thursday, July 7th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. PGT currently has an average rating of “Buy” and a consensus price target of $13.93.
In other PGT news, Chairman Rodney Hershberger sold 55,803 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $12.07, for a total value of $673,542.21. Following the sale, the chairman now owns 1,014,146 shares in the company, valued at approximately $12,240,742.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 6.50% of the stock is owned by company insiders.
PGT Company Profile
PGT, Inc is a manufacturer and supplier of residential impact-resistant windows and doors. The Company operates through the manufacture and sale of windows and doors segment. The Company’s impact-resistant products are marketed under the 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.
Want to see what other hedge funds are holding PGTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PGT Inc. (NASDAQ:PGTI).
Receive News & Ratings for PGT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PGT Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.