Icon Advisers Inc. Co. boosted its position in PGT, Inc. (NASDAQ:PGTI) by 30.8% during the third quarter, Holdings Channel reports. The fund owned 757,902 shares of the company’s stock after buying an additional 178,602 shares during the period. Icon Advisers Inc. Co. owned 1.55% of PGT worth $8,087,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System increased its stake in 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 last quarter. Rhumbline Advisers increased 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 valued at $575,000 after buying an additional 207 shares in the last quarter. Parametric Portfolio Associates LLC increased 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 valued at $881,000 after buying an additional 412 shares in the last quarter. Kirr Marbach & Co. LLC IN increased 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 valued at $215,000 after buying an additional 625 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased 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 valued at $2,424,000 after buying an additional 1,030 shares in the last quarter. Institutional investors own 96.80% of the company’s stock.
PGT, Inc. (NASDAQ:PGTI) remained flat at $11.50 during trading on Wednesday. The stock had a trading volume of 11,518 shares. PGT, Inc. has a 12-month low of $8.69 and a 12-month high of $12.49. The company has a market cap of $563.47 million, a price-to-earnings ratio of 24.47 and a beta of 0.93. The company has a 50 day moving average price of $11.45 and a 200 day moving average price of $11.24.
PGT (NASDAQ:PGTI) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. PGT had a return on equity of 24.01% and a net margin of 5.29%. The company had revenue of $129.80 million for the quarter, compared to analysts’ expectations of $123.99 million. During the same period last year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. On average, analysts predict that PGT, Inc. will post $0.53 EPS for the current year.
Several analysts have recently issued reports on PGTI shares. Zacks Investment Research downgraded PGT from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. FBR & Co restated a “buy” rating and issued a $13.00 price objective on shares of PGT in a research report on Wednesday, November 9th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. PGT currently has an average rating of “Buy” and a consensus price target of $13.33.
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.
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