Ply Gem Holdings Inc (PGEM) Receives Average Recommendation of “Buy” from Analysts
Shares of Ply Gem Holdings Inc (NYSE:PGEM) have been assigned an average recommendation of “Buy” from the nine analysts that are presently covering the stock. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $18.50.
Several research analysts have weighed in on PGEM shares. Seaport Global Securities started coverage on shares of Ply Gem Holdings in a report on Thursday, March 16th. They set a “neutral” rating for the company. Zacks Investment Research raised shares of Ply Gem Holdings from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Wednesday. Royal Bank of Canada reissued a “buy” rating and set a $22.00 price objective on shares of Ply Gem Holdings in a report on Tuesday, April 11th. Zelman & Associates raised shares of Ply Gem Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, March 14th. Finally, TheStreet raised shares of Ply Gem Holdings from a “c+” rating to a “b-” rating in a report on Wednesday, February 1st.
Ply Gem Holdings (NYSE:PGEM) traded up 1.19% during trading on Friday, reaching $17.05. 175,429 shares of the company’s stock traded hands. The stock has a market capitalization of $1.17 billion, a P/E ratio of 11.77 and a beta of 2.56. Ply Gem Holdings has a 1-year low of $12.85 and a 1-year high of $20.00. The stock has a 50-day moving average price of $18.60 and a 200 day moving average price of $17.09.
Ply Gem Holdings (NYSE:PGEM) last announced its quarterly earnings data on Monday, May 8th. The construction company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The company had revenue of $430 million during the quarter, compared to analyst estimates of $420.11 million. Ply Gem Holdings had a net margin of 4.14% and a negative return on equity of 147.73%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the business earned ($0.20) EPS. Equities research analysts expect that Ply Gem Holdings will post $1.24 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of PGEM. Wells Fargo & Company MN raised its position in Ply Gem Holdings by 4.8% in the third quarter. Wells Fargo & Company MN now owns 8,588 shares of the construction company’s stock valued at $115,000 after buying an additional 393 shares during the period. Bank of New York Mellon Corp raised its position in Ply Gem Holdings by 6.6% in the third quarter. Bank of New York Mellon Corp now owns 327,536 shares of the construction company’s stock valued at $4,377,000 after buying an additional 20,250 shares during the period. JPMorgan Chase & Co. raised its position in Ply Gem Holdings by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 196,425 shares of the construction company’s stock valued at $2,624,000 after buying an additional 12,574 shares during the period. Citadel Advisors LLC raised its position in Ply Gem Holdings by 11.4% in the third quarter. Citadel Advisors LLC now owns 100,693 shares of the construction company’s stock valued at $1,345,000 after buying an additional 10,297 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Ply Gem Holdings by 63.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 154,100 shares of the construction company’s stock valued at $2,059,000 after buying an additional 59,800 shares during the period. 29.65% of the stock is owned by institutional investors and hedge funds.
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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, its principal products include vinyl siding and skirting, vinyl and aluminum soffit, aluminum trim coil, cellular PVC trim and 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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