Ply Gem Holdings Inc. (PGEM) Given Average Recommendation of “Hold” by Brokerages
Shares of Ply Gem Holdings Inc. (NYSE:PGEM) have been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.92.
PGEM has been the topic of several research analyst reports. Royal Bank Of Canada initiated coverage on Ply Gem Holdings in a report on Tuesday, September 20th. They issued an “outperform” rating and a $16.00 price objective on the stock. RBC Capital Markets initiated coverage on Ply Gem Holdings in a report on Tuesday, September 20th. They issued an “outperform” rating and a $16.00 price objective on the stock. Credit Suisse Group AG set a $16.00 price objective on Ply Gem Holdings and gave the company a “hold” rating in a report on Monday, August 8th. JPMorgan Chase & Co. boosted their price objective on Ply Gem Holdings from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, August 9th. Finally, Zacks Investment Research downgraded Ply Gem Holdings from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 12th.
Ply Gem Holdings (NYSE:PGEM) traded up 0.70% during midday trading on Monday, reaching $14.45. The company’s stock had a trading volume of 63,914 shares. The firm has a market capitalization of $985.27 million, a PE ratio of 15.24 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. The stock’s 50-day moving average price is $13.73 and its 200 day moving average price is $14.48.
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Ply Gem Holdings (NYSE:PGEM) last posted its earnings results on Monday, August 8th. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.08. Ply Gem Holdings had a negative return on equity of 99.17% and a net margin of 3.45%. The company had revenue of $510.50 million for the quarter, compared to the consensus estimate of $531.39 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities analysts anticipate that Ply Gem Holdings will post $1.30 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PGEM. California State Teachers Retirement System boosted its position in Ply Gem Holdings by 1.1% in the second quarter. California State Teachers Retirement System now owns 46,151 shares of the company’s stock valued at $672,000 after buying an additional 524 shares during the last quarter. ClariVest Asset Management LLC boosted its position in Ply Gem Holdings by 31.0% in the second quarter. ClariVest Asset Management LLC now owns 19,347 shares of the company’s stock valued at $281,000 after buying an additional 4,574 shares in the last quarter. Gargoyle Investment Advisor L.L.C. acquired a new position in Ply Gem Holdings during the second quarter valued at about $337,000. Essex Investment Management Co. LLC boosted its position in Ply Gem Holdings by 59.0% in the second quarter. Essex Investment Management Co. LLC now owns 107,036 shares of the company’s stock valued at $1,560,000 after buying an additional 39,714 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Ply Gem Holdings by 81.0% in the second quarter. American Century Companies Inc. now owns 96,083 shares of the company’s stock valued at $1,400,000 after buying an additional 42,987 shares in the last quarter. 29.19% of the stock is owned by hedge funds and other institutional investors.
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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