Dougherty Downgrades PGT to Neutral

Brokerage firm Dougherty Downgrades its rating on PGT(PGTI). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Dougherty was issued on Feb 22, 2017 in a research report to their Investors and Clients.

PGT (PGTI) shares turned negative on Wednesdays trading session with the shares closing down -0.3 points or -2.79% at a volume of 8,82,132. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.55. The peak price level was also seen at $10.55 while the days lowest was $10.25. Finally the shares closed at $10.45. The 52-week high of the shares is $12.49 while the 52-week low is $8.685. According to the latest information available, the market cap of the company is $512 M.

PGT(PGTI) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $119.03M. Analysts had an estimated revenue of $124.30M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.15.

Several Insider Transactions has been reported to the SEC. On Dec 2, 2016, Brent Boydston (Vice President of Sales) purchased 1,000 shares at $11.05 per share price.Also, On Aug 16, 2016, Mario Iii Ferrucci (VP and General Counsel) sold 16,872 shares at $11.55 per share price.On Jul 28, 2016, Rodney Hershberger (CHAIRMAN and CEO) sold 55,803 shares at $12.07 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Add Comment