The CFO and Sr. V.P. of PGT Inc (PGTI) is Buying Shares


Today, the CFO and Sr. V.P. of PGT Inc (NASDAQ: PGTI), Bradley West, bought shares of PGTI for $164.8K.

This recent transaction increases Bradley West’s holding in the company by 250.29% to a total of $1.6 million. Following Bradley West’s last PGTI Buy transaction on August 12, 2013, the stock climbed by 8.8%.

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Based on PGT Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $140 million and quarterly net profit of $7.34 million. In comparison, last year the company earned revenue of $113 million and had a net profit of $3 million. PGTI’s market cap is $972M and the company has a P/E ratio of 22.88. Currently, PGT Inc has an average volume of 1.06M.

Nine different firms, including B.Riley FBR and Barclays, currently also have a Buy rating on the stock. Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $19.67, reflecting a 3.7% upside.

In the last 30 days, insiders have sold $631.3K worth of PGTI shares and purchased $742.6K worth of PGTI shares. The insider sentiment on PGT Inc has been positive according to 31 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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PGT Innovations, Inc. manufactures and sells windows and doors. The company’s impact-resistant products, which are marketed under the WinGuard, PremierVue and PGT Architectural Systems brand names, combine heavy-duty aluminum and vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris.

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