Prudential Financial Inc. Has $911,000 Stake in PGT, Inc. (PGTI)

Prudential Financial Inc. Has $911,000 Stake in PGT, Inc. (PGTI)

Prudential Financial Inc. cut its stake in PGT, Inc. (NASDAQ:PGTI) by 31.6% during the third quarter, Holdings Channel reports. The institutional investor owned 85,400 shares of the company’s stock after selling 39,500 shares during the period. Prudential Financial Inc. owned approximately 0.17% of PGT worth $911,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in shares of PGT by 0.4% in the third quarter. Arizona State Retirement System now owns 25,335 shares of the company’s stock worth $270,000 after buying an additional 100 shares during the period. Rhumbline Advisers raised its stake in shares of PGT by 0.4% in the second quarter. Rhumbline Advisers now owns 55,836 shares of the company’s stock worth $575,000 after buying an additional 207 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of PGT by 0.5% in the second quarter. Parametric Portfolio Associates LLC now owns 85,512 shares of the company’s stock worth $881,000 after buying an additional 412 shares during the period. Kirr Marbach & Co. LLC IN raised its stake in shares of PGT by 3.2% in the third quarter. Kirr Marbach & Co. LLC IN now owns 20,120 shares of the company’s stock worth $215,000 after buying an additional 625 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of PGT by 0.4% in the second quarter. Thrivent Financial for Lutherans now owns 235,372 shares of the company’s stock worth $2,424,000 after buying an additional 1,030 shares during the period. 96.80% of the stock is currently owned by institutional investors and hedge funds.

PGT, Inc. (NASDAQ:PGTI) traded up 0.43% on Friday, reaching $11.70. 65,789 shares of the company were exchanged. PGT, Inc. has a 52 week low of $8.69 and a 52 week high of $12.49. The stock has a 50-day moving average price of $11.46 and a 200 day moving average price of $11.25. The stock has a market capitalization of $573.26 million, a price-to-earnings ratio of 24.89 and a beta of 0.93.

PGT (NASDAQ:PGTI) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.01. PGT had a net margin of 5.29% and a return on equity of 24.01%. The business had revenue of $129.80 million for the quarter, compared to analyst estimates of $123.99 million. During the same period last year, the business earned $0.16 EPS. The company’s revenue was up 28.9% on a year-over-year basis. Analysts forecast that PGT, Inc. will post $0.53 earnings per share for the current year.

A number of equities research analysts have recently weighed in on PGTI shares. FBR & Co reissued a “buy” rating and set a $13.00 price objective on shares of PGT in a report on Wednesday, November 9th. Zacks Investment Research raised shares of PGT from a “sell” rating to a “hold” rating in a report on Tuesday, November 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $13.33.

About PGT

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.

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