Ply Gem Holdings, Inc. (PGEM) Rating Lowered to Sell at BidaskClub
Ply Gem Holdings, Inc. (NYSE:PGEM) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Ply Gem Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $19.00 target price (down previously from $20.00) on shares of Ply Gem Holdings in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $22.00 target price on shares of Ply Gem Holdings in a report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $20.33.
Ply Gem Holdings (NYSE:PGEM) opened at 14.95 on Friday. Ply Gem Holdings has a 52-week low of $12.85 and a 52-week high of $20.00. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 11.80 and a beta of 2.48. The company has a 50-day moving average of $16.96 and a 200-day moving average of $17.75.
Ply Gem Holdings (NYSE:PGEM) last issued 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 for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 EPS. Equities research analysts expect that Ply Gem Holdings will post $1.16 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc raised its position in 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 Ply Gem Holdings during the second quarter valued at $183,000. Acadian Asset Management LLC acquired a new position in Ply Gem Holdings during the first quarter valued at $213,000. Balter Liquid Alternatives LLC acquired a new position in Ply Gem Holdings during the second quarter valued at $220,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Ply Gem Holdings during the second quarter valued at $250,000. 29.75% 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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