Shares of Ply Gem Holdings Inc (NYSE:PGEM) have been assigned an average rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $21.50.
PGEM has been the subject of several research reports. Zacks Investment Research raised shares of Ply Gem from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 31st. 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. Finally, ValuEngine raised shares of Ply Gem from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.
In other news, insider John L. Buckley sold 32,725 shares of Ply Gem stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $22.00, for a total value of $719,950.00. Following the completion of the transaction, the insider now directly owns 32,724 shares of the company’s stock, valued at approximately $719,928. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 68.90% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in Ply Gem by 34.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,517,600 shares of the construction company’s stock valued at $28,076,000 after purchasing an additional 390,771 shares during the period. Dimensional Fund Advisors LP boosted its stake in 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 valued at $18,612,000 after purchasing an additional 36,481 shares during the period. Royce & Associates LP boosted its stake in Ply Gem by 0.9% during the 4th quarter. Royce & Associates LP now owns 559,911 shares of the construction company’s stock valued at $10,358,000 after purchasing an additional 5,000 shares during the period. BBT Capital Management LLC boosted its stake in Ply Gem by 758.6% during the 3rd quarter. BBT Capital Management LLC now owns 475,504 shares of the construction company’s stock valued at $8,107,000 after purchasing an additional 420,125 shares during the period. Finally, Millennium Management LLC raised its position in shares of Ply Gem by 210.7% during the 4th quarter. Millennium Management LLC now owns 470,754 shares of the construction company’s stock worth $8,709,000 after buying an additional 319,261 shares in the last quarter. 29.34% of the stock is owned by institutional investors and hedge funds.
Ply Gem (PGEM) remained flat at $$21.55 on Friday. The stock had a trading volume of 346,219 shares, compared to its average volume of 609,023. The company has a market cap of $1,473.97, a P/E ratio of 22.17 and a beta of 2.42. Ply Gem has a one year low of $14.55 and a one year high of $22.20. The company has a current ratio of 1.72, a quick ratio of 1.12 and a debt-to-equity ratio of 10.08.
Ply Gem (NYSE:PGEM) last released its earnings results on Monday, March 5th. The construction company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). The company had revenue of $516.86 million during the quarter, compared to the consensus estimate of $494.93 million. Ply Gem had a return on equity of 144.46% and a net margin of 3.32%. analysts anticipate that Ply Gem will post 1.54 earnings per share for the current year.
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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