New construction is fueling the growth of this window and door business. The company’s earnings rose more than 14% for its recent quarter, handily beating estimates by $0.04.
PGT, Inc. (PGTI)
from Weiss Stock Ratings Heat Maps
PGT, Inc. (PGTI) manufactures and supplies residential impact-resistant windows and doors. It recently completed the acquisition of CGI Windows & Doors Holdings, Inc (CGI), a move it says is in line with its plan to grow earnings through targeted buys of complementary specialty products. The company will discuss the acquisition and its financial benefits on October 9 and will hold a conference call the following day at 10 a.m. Eastern time, which will be broadcast live over the Internet. More information on the event is available on the website at www.pgtindustries.com.
The company is rated a buy at B+ on the Weiss Ratings Heat Map business model. It has returned investors 11 percent over the past three months and more than 600 percent over the past three years. It has a 52-week range of $7.34-$12.61 and was trading at $9.73 near midday today, up 1.8 percent for the session.
Mike Burnick, Weiss Stock Ratings Heat Maps, published by Money and Markets, a Division of Weiss Research, Inc., www.weissresearchissues.com/weiss-stock-ratings-heat-maps, issues@e.moneyandmarkets.com; 1-800-291-8545, September 24, 2014