PGT opens $20M stock buyback

VENICE — PGT Inc., one of the largest private employers in the region, authorized a $20 million stock buyback program.

The buyback of outstanding shares of common stock “demonstrates our confidence in the strength of our business and our markets,” says PGT President and COO Jeff Jackson in a statement. PGT, an impact-resistant window and door manufacturer with $306 million in annual sales, will not repurchase any shares from directors, officers or other affiliates, the statement adds.

PGT (recent price: $11.91) trades on the Nasdaq under the symbol PGTI.