Zacks Investment Research downgraded shares of Ply Gem Holdings Inc. (NYSE:PGEM) from a hold rating to a strong sell rating in a research note issued to investors on Wednesday.

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. “

Several other research firms also recently commented on PGEM. Royal Bank Of Canada initiated coverage on Ply Gem Holdings in a report on Tuesday, September 20th. They set an outperform rating and a $16.00 price objective on the stock. RBC Capital Markets assumed coverage on Ply Gem Holdings in a report on Tuesday, September 20th. They issued an outperform rating and a $16.00 price target on the stock. Credit Suisse Group AG set a $16.00 price target on Ply Gem Holdings and gave the company a hold rating in a report on Monday, August 8th. JPMorgan Chase & Co. lifted their price target on Ply Gem Holdings from $16.00 to $17.00 and gave the company a neutral rating in a report on Tuesday, August 9th. Finally, Imperial Capital lifted their price target on Ply Gem Holdings from $17.50 to $18.50 and gave the company an outperform rating in a report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $16.07.

Analyst Recommendations for Ply Gem Holdings (NYSE:PGEM)

Ply Gem Holdings (NYSE:PGEM) traded down 1.596% on Wednesday, reaching $13.875. The company’s stock had a trading volume of 6,576 shares. Ply Gem Holdings has a 1-year low of $8.58 and a 1-year high of $16.09. The firm’s 50 day moving average price is $13.71 and its 200-day moving average price is $14.48. The company has a market capitalization of $946.07 million, a price-to-earnings ratio of 14.636 and a beta of 2.59.

Ply Gem Holdings (NYSE:PGEM) last released its quarterly earnings data on Monday, August 8th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.54 by $0.08. The company had revenue of $510.50 million for the quarter, compared to the consensus estimate of $531.39 million. Ply Gem Holdings had a negative return on equity of 99.17% and a net margin of 3.45%. Ply Gem Holdings’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS. Equities analysts forecast that Ply Gem Holdings will post $1.30 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in PGEM. American International Group Inc. raised its stake in Ply Gem Holdings by 0.4% in the second quarter. American International Group Inc. now owns 12,670 shares of the company’s stock valued at $185,000 after buying an additional 45 shares during the period. Pitcairn Co. raised its stake in Ply Gem Holdings by 1.0% in the second quarter. Pitcairn Co. now owns 13,767 shares of the company’s stock valued at $200,000 after buying an additional 142 shares during the period. Parametric Portfolio Associates LLC raised its stake in Ply Gem Holdings by 0.7% in the second quarter. Parametric Portfolio Associates LLC now owns 52,105 shares of the company’s stock valued at $759,000 after buying an additional 376 shares during the period. California State Teachers Retirement System raised its stake in Ply Gem Holdings by 1.1% in the second quarter. California State Teachers Retirement System now owns 46,151 shares of the company’s stock valued at $672,000 after buying an additional 524 shares during the period. Finally, Rhumbline Advisers raised its stake in Ply Gem Holdings by 4.6% in the second quarter. Rhumbline Advisers now owns 21,804 shares of the company’s stock valued at $318,000 after buying an additional 967 shares during the period. 29.18% of the stock is owned by institutional investors.

Ply Gem Holdings 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, the Company’s principal products include vinyl skirting, vinyl and aluminum soffit, aluminum trim coil, cellular PVC 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.

5 Day Chart for NYSE:PGEM

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