Insider Buying: Ply Gem Holdings Director Buys 25,000 Shares of Stock (PGEM)
Ply Gem Holdings (NASDAQ:PGEM) Director Frederick J. Iseman purchased 25,000 shares of Ply Gem Holdings stock in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average price of $11.32 per share, for a total transaction of $283,000.00. Following the purchase, the director now directly owns 25,000 shares in the company, valued at approximately $283,000. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Ply Gem Holdings (NASDAQ:PGEM) traded up 2.56% during mid-day trading on Thursday, hitting $11.62. 219,616 shares of the company’s stock traded hands. Ply Gem Holdings has a 52 week low of $8.15 and a 52 week high of $18.45. The stock has a 50-day moving average of $9. and a 200-day moving average of $11.38. The company’s market cap is $788.3 million.
Ply Gem Holdings (NASDAQ:PGEM) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.17 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.17. The company had revenue of $409.20 million for the quarter, compared to the consensus estimate of $404.45 million. The company’s quarterly revenue was up 11.2% on a year-over-year basis. Analysts expect that Ply Gem Holdings will post $0.16 EPS for the current fiscal year.
PGEM has been the subject of a number of recent research reports. Analysts at Imperial Capital raised their price target on shares of Ply Gem Holdings from $10.00 to $10.50 in a research note on Tuesday, August 12th. They now have an “in-line” rating on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Ply Gem Holdings in a research note on Monday, August 11th. They now have a $10.50 price target on the stock, down previously from $12.00. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Ply Gem Holdings from $13.00 to $11.50 in a research note on Friday, August 8th. They now have a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.50.
Ply Gem Holdings, Inc (NASDAQ:PGEM) is a manufacturer of residential exterior building products in North America.
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