Allianz Asset Management GmbH purchased a new position in Ply Gem Holdings Inc (NYSE:PGEM) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 41,630 shares of the construction company’s stock, valued at approximately $710,000. Allianz Asset Management GmbH owned 0.06% of Ply Gem at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Parametrica Management Ltd acquired a new stake in Ply Gem during the third quarter valued at approximately $196,000. Wells Fargo & Company MN lifted its stake in Ply Gem by 1.9% during the second quarter. Wells Fargo & Company MN now owns 15,890 shares of the construction company’s stock valued at $285,000 after purchasing an additional 293 shares during the last quarter. Thrivent Financial For Lutherans acquired a new stake in Ply Gem during the second quarter valued at approximately $333,000. The Manufacturers Life Insurance Company lifted its stake in Ply Gem by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 19,016 shares of the construction company’s stock valued at $342,000 after purchasing an additional 171 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Ply Gem during the third quarter valued at approximately $327,000. 29.22% of the stock is owned by institutional investors.
Ply Gem Holdings Inc (NYSE PGEM) opened at $18.20 on Friday. Ply Gem Holdings Inc has a 12 month low of $14.55 and a 12 month high of $20.00. The company has a debt-to-equity ratio of 13.73, a quick ratio of 1.28 and a current ratio of 1.92. The company has a market cap of $1,250.00, a price-to-earnings ratio of 20.68 and a beta of 2.50.
Ply Gem (NYSE:PGEM) last posted its earnings results on Monday, November 6th. The construction company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). Ply Gem had a net margin of 3.02% and a return on equity of 240.74%. The firm had revenue of $564.66 million during the quarter, compared to analyst estimates of $563.96 million. During the same quarter in the previous year, the business posted $0.75 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. research analysts forecast that Ply Gem Holdings Inc will post 1.03 earnings per share for the current year.
Several brokerages recently commented on PGEM. BidaskClub upgraded shares of Ply Gem from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Zacks Investment Research upgraded shares of Ply Gem from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Royal Bank of Canada reiterated a “buy” rating and issued a $20.00 price objective on shares of Ply Gem in a research note on Wednesday, November 15th. Finally, KeyCorp reiterated a “hold” rating on shares of Ply Gem in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Ply Gem presently has a consensus rating of “Hold” and an average price target of $19.50.
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Ply Gem 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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