Ply Gem Holdings, Inc. (NYSE:PGEM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday.

According to Zacks, “Ply Gem Holdings Inc. is engaged in manufacturing and selling exterior building products primarily in the United States and Canada. Its business segment consists of: Siding, Fencing, and Stone and Windows and Doors. The Company offers vinyl siding, designer accents, cellular PVC trim, vinyl fencing, vinyl and composite railing, stone veneer and vinyl windows and doors. Its brand name include Variform(R), Napco(R), Mastic Home Exteriors(R), Cellwood(R), Kroy and Kroy Express(R), Ply Gem Stone(R), Georgia-Pacific and Durabuilt (R), Ply Gem Windows(R), Great Lakes Window(R). The company serves residential and commercial construction, manufactured housing, professional remodelling and renovation markets. Ply Gem Holdings Inc. is headquartered in Cary, North Carolina. “

A number of other research firms have also recently issued reports on PGEM. BidaskClub raised shares of Ply Gem Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $22.00 price target on shares of Ply Gem Holdings in a report on Monday, May 15th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $19.00 price target (down previously from $20.00) on shares of Ply Gem Holdings in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Ply Gem Holdings currently has a consensus rating of “Hold” and an average target price of $20.33.

Shares of Ply Gem Holdings (NYSE PGEM) traded up 2.64% during midday trading on Friday, reaching $15.55. 293,099 shares of the company’s stock were exchanged. Ply Gem Holdings has a one year low of $12.85 and a one year high of $20.00. The stock’s 50-day moving average is $17.34 and its 200 day moving average is $17.79. The firm has a market cap of $1.06 billion, a PE ratio of 12.27 and a beta of 2.48.

Ply Gem Holdings (NYSE:PGEM) last posted its quarterly earnings results on Monday, August 7th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.03. The company had revenue of $544.80 million during the quarter, compared to analysts’ expectations of $548.58 million. Ply Gem Holdings had a return on equity of 857.19% and a net margin of 4.45%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 EPS. Analysts anticipate that Ply Gem Holdings will post $1.17 EPS for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc boosted its position in shares of Ply Gem Holdings by 1.0% in the first quarter. Legal & General Group Plc now owns 5,754 shares of the construction company’s stock valued at $113,000 after buying an additional 58 shares during the period. First Quadrant L P CA acquired a new position in shares of Ply Gem Holdings during the second quarter valued at about $183,000. Acadian Asset Management LLC acquired a new position in shares of Ply Gem Holdings during the first quarter valued at about $213,000. Balter Liquid Alternatives LLC acquired a new position in shares of Ply Gem Holdings during the second quarter valued at about $220,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Ply Gem Holdings during the second quarter valued at about $250,000. 29.51% 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, 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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