Ply Gem Holdings, Inc. (PGEM) Given Consensus Rating of “Hold” by Brokerages
Ply Gem Holdings, Inc. (NYSE:PGEM) has earned an average rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $20.50.
PGEM has been the topic of several research reports. Zacks Investment Research cut Ply Gem Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. BidaskClub raised Ply Gem Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $19.00 target price (down from $20.00) on shares of Ply Gem Holdings in a report on Tuesday, August 8th.
Hedge funds have recently modified their holdings of the company. Legal & General Group Plc increased its holdings 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 worth $113,000 after purchasing an additional 58 shares during the last quarter. First Quadrant L P CA bought a new stake in Ply Gem Holdings during the second quarter worth approximately $183,000. Balter Liquid Alternatives LLC bought a new stake in Ply Gem Holdings during the second quarter worth approximately $220,000. American International Group Inc. increased its stake in Ply Gem Holdings by 7.1% during the first quarter. American International Group Inc. now owns 13,556 shares of the construction company’s stock worth $267,000 after acquiring an additional 901 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Ply Gem Holdings during the second quarter worth approximately $250,000. 29.70% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ply Gem Holdings (PGEM) traded up 1.23% during trading on Friday, hitting $16.50. The stock had a trading volume of 158,560 shares. The company has a market cap of $1.13 billion, a PE ratio of 13.02 and a beta of 2.50. Ply Gem Holdings has a 12 month low of $12.85 and a 12 month high of $20.00. The stock has a 50 day moving average of $15.74 and a 200 day moving average of $17.47.
Ply Gem Holdings (NYSE:PGEM) last issued its earnings results on Monday, August 7th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.03). Ply Gem Holdings had a return on equity of 857.19% and a net margin of 4.45%. The firm had revenue of $544.80 million during the quarter, compared to the consensus estimate of $548.58 million. During the same period last year, the firm posted $0.62 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities analysts forecast that Ply Gem Holdings will post $1.16 EPS for the current fiscal year.
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Ply Gem Holdings Company Profile
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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