Royal Bank of Canada Analysts Give Ply Gem (PGEM) a $23.00 Price Target

Ply Gem (NYSE:PGEM) received a $23.00 price objective from research analysts at Royal Bank of Canada in a report issued on Wednesday. The firm currently has a “buy” rating on the construction company’s stock. Royal Bank of Canada’s target price indicates a potential upside of 5.99% from the company’s previous close.

Several other equities research analysts have also recently issued reports on PGEM. ValuEngine upgraded Ply Gem from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. KeyCorp restated a “hold” rating on shares of Ply Gem in a report on Tuesday, October 24th. BidaskClub cut Ply Gem from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. Finally, Zacks Investment Research upgraded Ply Gem from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Ply Gem has a consensus rating of “Hold” and a consensus price target of $21.00.

Shares of Ply Gem (NYSE:PGEM) opened at $21.70 on Wednesday. Ply Gem has a fifty-two week low of $14.55 and a fifty-two week high of $22.20. The company has a current ratio of 1.92, a quick ratio of 1.28 and a debt-to-equity ratio of 13.73. The stock has a market capitalization of $1,493.97, a price-to-earnings ratio of 24.66 and a beta of 2.55.

In related news, insider John L. Buckley sold 32,725 shares of Ply Gem stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $22.00, for a total value of $719,950.00. Following the transaction, the insider now owns 32,724 shares in the company, valued at $719,928. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 68.90% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Ply Gem by 1.6% during the second quarter. Vanguard Group Inc. now owns 2,113,312 shares of the construction company’s stock worth $37,934,000 after purchasing an additional 32,379 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of Ply Gem by 127.1% during the third quarter. Pzena Investment Management LLC now owns 1,952,430 shares of the construction company’s stock worth $33,289,000 after purchasing an additional 1,092,714 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Ply Gem by 34.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,517,600 shares of the construction company’s stock worth $28,076,000 after purchasing an additional 390,771 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Ply Gem by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,091,632 shares of the construction company’s stock worth $18,612,000 after purchasing an additional 36,481 shares in the last quarter. Finally, Royce & Associates LP lifted its stake in shares of Ply Gem by 0.9% during the fourth quarter. Royce & Associates LP now owns 559,911 shares of the construction company’s stock worth $10,358,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 29.27% of the company’s stock.

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Ply Gem 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.

Analyst Recommendations for Ply Gem (NYSE:PGEM)

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