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Inclusion “Underscores continued financial strength”
PGT Industries (Nasdaq:PGTI), has been selected to the 2014 Barron’s 400 Index for the second consecutive semester.
The innovative measure of U.S. securities is made up of the 400 strongest and most promising stocks in North America, out of more than 6,000, that score the highest when evaluated against the rigorous and fundamentals-based criteria.
“PGT Industries’ recognition on the Barron’s 400 Index is indicative of our strong culture, solid performance and financial strength as the nation’s leading manufacturer and supplier of residential impact-resistant windows and doors,” said Jeff Jackson, CFO of PGT Industries.
“Given that only 6 percent of all publically traded companies in North America are selected, we are honored to be a part of such a distinguished group and look forward to continued growth.”
As a measure of the quality of its underlying constituents, the Index has notably outperformed the S&P 500 Index by more than 5 percentage points per year over the last decade, a clear measure of the quality of the companies it selects and their prospects as investments for public shareholders.
All Index components are selected on the basis of their fundamental strength as measured by MarketGrader’s overall grade. This grade is based on 24 fundamental indicators including growth, value profitability and cash flow, each measured by six unique factors.
To qualify, all stocks must have a minimum float-adjusted market cap of $250 million and to ensure liquidity, all stocks must have a minimum three-month average dollar-trading volume of $2 million, among other strenuous requirements.
PGT pioneered the U. S. impact-resistant window and door industry and today is the nation’s leading manufacturer and supplier of residential impact-resistant windows and doors. Founded in 1980, the company employs approximately 1,500 at its manufacturing, glass laminating and tempering plants in North Venice, Florida. Utilizing the latest designs and technology, PGT products are ideal for new construction and replacement projects serving residential, commercial, high-rise and institutional markets.
