Ply Gem Holdings, Inc. (PGEM) Downgraded by BidaskClub to Sell
Ply Gem Holdings, Inc. (NYSE:PGEM) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.
Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Ply Gem Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada restated a “buy” rating and issued a $18.00 target price on shares of Ply Gem Holdings in a research note on Monday, October 16th. KeyCorp reiterated a “hold” rating on shares of Ply Gem Holdings in a research note on Tuesday, October 24th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Ply Gem Holdings in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Ply Gem Holdings presently has an average rating of “Hold” and an average price target of $18.50.
Shares of Ply Gem Holdings (NYSE:PGEM) traded down $0.55 on Friday, reaching $16.00. The company’s stock had a trading volume of 205,805 shares, compared to its average volume of 115,101. The stock has a market cap of $1.12 billion, a P/E ratio of 12.67 and a beta of 2.51. The company has a quick ratio of 1.13, a current ratio of 1.79 and a debt-to-equity ratio of 25.01.
Ply Gem Holdings (NYSE:PGEM) last released its earnings results on Monday, August 7th. The construction company reported $0.44 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 analyst estimates of $548.58 million. During the same quarter last year, the business posted $0.62 EPS. The firm’s revenue was up 6.7% on a year-over-year basis. sell-side analysts anticipate that Ply Gem Holdings will post 1.15 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently made changes to their positions in PGEM. Prudential Financial Inc. acquired a new stake in shares of Ply Gem Holdings in the first quarter valued at about $477,000. American International Group Inc. lifted its stake in shares of Ply Gem Holdings by 7.1% in the first quarter. American International Group Inc. now owns 13,556 shares of the construction company’s stock valued at $267,000 after purchasing an additional 901 shares during the period. Legal & General Group Plc lifted its stake 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 purchasing an additional 58 shares during the period. Vanguard Group Inc. lifted its stake in shares of Ply Gem Holdings by 7.6% in the first quarter. Vanguard Group Inc. now owns 2,080,933 shares of the construction company’s stock valued at $40,993,000 after purchasing an additional 146,869 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Ply Gem Holdings by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,015,328 shares of the construction company’s stock valued at $20,001,000 after purchasing an additional 61,915 shares during the period. Hedge funds and other institutional investors own 29.88% of the company’s stock.
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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