Ply Gem (PGEM) Stock Rating Upgraded by Zacks Investment Research

Ply Gem (NYSE:PGEM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage currently has a $24.00 target price on the construction company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 9.84% from the stock’s current price.

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 analysts have also commented on the stock. Royal Bank of Canada restated a “buy” rating and set a $19.00 price target on shares of Ply Gem in a research report on Tuesday, November 7th. BidaskClub lowered shares of Ply Gem from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. KeyCorp restated a “hold” rating on shares of Ply Gem in a research report on Tuesday, October 24th. Finally, ValuEngine upgraded shares of Ply Gem from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.00.

Ply Gem (PGEM) opened at $21.85 on Thursday. The company has a market cap of $1,493.97, a price-to-earnings ratio of 24.83 and a beta of 2.55. The company has a current ratio of 1.92, a quick ratio of 1.28 and a debt-to-equity ratio of 13.73. Ply Gem has a 1 year low of $14.55 and a 1 year high of $22.20.

In other news, insider John L. Buckley sold 32,725 shares of Ply Gem stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $22.00, for a total transaction of $719,950.00. Following the completion of the sale, the insider now directly owns 32,724 shares of the company’s stock, valued at approximately $719,928. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 68.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Ply Gem by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,113,312 shares of the construction company’s stock worth $37,934,000 after acquiring an additional 32,379 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Ply Gem by 127.1% during the 3rd quarter. Pzena Investment Management LLC now owns 1,952,430 shares of the construction company’s stock worth $33,289,000 after acquiring an additional 1,092,714 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Ply Gem by 34.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,517,600 shares of the construction company’s stock worth $28,076,000 after acquiring an additional 390,771 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ply Gem by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,091,632 shares of the construction company’s stock worth $18,612,000 after acquiring an additional 36,481 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Ply Gem by 0.9% during the 4th quarter. Royce & Associates LP now owns 559,911 shares of the construction company’s stock worth $10,358,000 after acquiring an additional 5,000 shares during the last quarter. 29.27% of the stock is owned by institutional investors.

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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.

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