Ply Gem Holdings Inc. (PGEM) Research Coverage Started at RBC Capital Markets
Equities researchers at RBC Capital Markets assumed coverage on shares of Ply Gem Holdings Inc. (NYSE:PGEM) in a report released on Tuesday. The firm set an “outperform” rating and a $16.00 price target on the stock. RBC Capital Markets’ target price would indicate a potential upside of 18.87% from the company’s current price.
A number of other research firms also recently issued reports on PGEM. JPMorgan Chase & Co. increased their target price on shares of Ply Gem Holdings from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 9th. Credit Suisse Group AG set a $16.00 target price on shares of Ply Gem Holdings and gave the stock a “hold” rating in a research report on Monday, August 8th. Imperial Capital increased their target price on shares of Ply Gem Holdings from $17.50 to $18.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 10th. Finally, Royal Bank Of Canada began coverage on shares of Ply Gem Holdings in a research report on Tuesday. They issued an “outperform” rating and a $16.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $16.07.
Ply Gem Holdings (NYSE:PGEM) traded up 0.07% during trading on Tuesday, reaching $13.46. 386,627 shares of the company’s stock were exchanged. The company’s 50-day moving average is $14.08 and its 200-day moving average is $14.34. The company has a market capitalization of $917.77 million, a PE ratio of 14.20 and a beta of 2.59. Ply Gem Holdings has a 1-year low of $8.58 and a 1-year high of $16.09.
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Ply Gem Holdings (NYSE:PGEM) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. Ply Gem Holdings had a net margin of 3.45% and a negative return on equity of 99.17%. The firm earned $510.50 million during the quarter, compared to analyst estimates of $531.39 million. During the same quarter last year, the business posted $0.45 EPS. The company’s revenue was up 1.6% on a year-over-year basis. Equities research analysts expect that Ply Gem Holdings will post $1.30 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Numeric Investors LLC acquired a new position in Ply Gem Holdings during the second quarter worth $6,573,000. Mckinley Capital Management LLC Delaware acquired a new position in Ply Gem Holdings during the second quarter worth $5,058,000. AQR Capital Management LLC increased its position in Ply Gem Holdings by 1,345.5% in the second quarter. AQR Capital Management LLC now owns 216,024 shares of the company’s stock worth $3,148,000 after buying an additional 201,079 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Ply Gem Holdings by 33.0% in the second quarter. Dimensional Fund Advisors LP now owns 781,448 shares of the company’s stock worth $11,385,000 after buying an additional 194,065 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Ply Gem Holdings by 241,809.2% in the second quarter. JPMorgan Chase & Co. now owns 183,851 shares of the company’s stock worth $2,679,000 after buying an additional 183,775 shares in the last quarter. Institutional investors and hedge funds own 29.18% of the company’s stock.
About Ply Gem Holdings
Ply Gem Holdings, Inc is a manufacturer of exterior building products in North America. The Company operates through two segments: Siding, Fencing, and Stone, and Windows and Doors. In the Siding, Fencing, and Stone segment, the Company’s principal products include vinyl skirting, vinyl and aluminum soffit, aluminum trim coil, cellular PVC moldings, J-channels, wide crown molding, window and door trim, F-channels, H-molds, fascia, undersill trims, outside/inside corner posts, rain removal systems, injection molded designer accents, such as shakes, shingles, scallops, shutters, vents and mounts, vinyl fence, vinyl railing and stone veneer in the United States and Canada.
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