Hillcrest Asset Management LLC reduced its stake in Ply Gem Holdings Inc (NYSE:PGEM) by 38.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 299,538 shares of the construction company’s stock after selling 188,726 shares during the quarter. Hillcrest Asset Management LLC owned 0.44% of Ply Gem worth $5,332,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Ply Gem by 3.5% in 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. Royce & Associates LP lifted its holdings in shares of Ply Gem by 34.4% in the 3rd quarter. Royce & Associates LP now owns 554,911 shares of the construction company’s stock worth $9,461,000 after acquiring an additional 142,000 shares during the last quarter. Alambic Investment Management L.P. lifted its holdings in shares of Ply Gem by 569.6% in the 4th quarter. Alambic Investment Management L.P. now owns 169,871 shares of the construction company’s stock worth $3,143,000 after acquiring an additional 144,502 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Ply Gem in the 3rd quarter worth approximately $327,000. Finally, Algert Global LLC acquired a new position in shares of Ply Gem in the 3rd quarter worth approximately $1,643,000. Hedge funds and other institutional investors own 29.34% of the company’s stock.
In other Ply Gem news, insider John L. Buckley sold 32,725 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 32,724 shares in the company, valued at approximately $719,928. The transaction was disclosed in a document filed with the SEC, which is available through this link. 68.90% of the stock is owned by corporate insiders.
Ply Gem (NYSE:PGEM) last released its earnings results on Monday, March 5th. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.02). The business had revenue of $516.86 million for the quarter, compared to analyst estimates of $494.93 million. Ply Gem had a return on equity of 144.46% and a net margin of 3.32%. equities analysts predict that Ply Gem Holdings Inc will post 1.54 earnings per share for the current year.
Several equities analysts have recently commented on the stock. Royal Bank of Canada lowered shares of Ply Gem from an “outperform” rating to a “sector perform” rating in a report on Wednesday, February 21st. Zacks Investment Research upgraded shares of Ply Gem from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Thursday, February 15th. Finally, ValuEngine upgraded shares of Ply Gem from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Ply Gem has a consensus rating of “Hold” and an average price target of $22.00.
About Ply Gem
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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