Ply Gem Holdings, Inc. (PGEM) Raised to “Buy” at BidaskClub
BidaskClub upgraded shares of Ply Gem Holdings, Inc. (NYSE:PGEM) from a hold rating to a buy rating in a research note published on Thursday.
A number of other brokerages also recently issued reports on PGEM. Zacks Investment Research downgraded shares of Ply Gem Holdings from a hold rating to a sell rating in a report on Friday, August 11th. J P Morgan Chase & Co reiterated a neutral rating and issued a $19.00 price target (down from $20.00) on shares of Ply Gem Holdings in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $20.33.
Shares of Ply Gem Holdings (NYSE PGEM) opened at 17.05 on Thursday. The firm has a 50-day moving average price of $15.74 and a 200-day moving average price of $17.47. The stock has a market capitalization of $1.17 billion, a P/E ratio of 13.46 and a beta of 2.52. Ply Gem Holdings has a 52-week low of $12.85 and a 52-week high of $20.00.
Ply Gem Holdings (NYSE:PGEM) last released its quarterly earnings data on Monday, August 7th. The construction company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.03). Ply Gem Holdings had a return on equity of 857.19% and a net margin of 4.45%. The business had revenue of $544.80 million during the quarter, compared to the consensus estimate of $548.58 million. During the same quarter in the previous year, the business posted $0.62 earnings per share. Ply Gem Holdings’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, analysts predict that Ply Gem Holdings will post $1.16 EPS for the current year.
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Several institutional investors and hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC increased its position in Ply Gem Holdings by 15.1% during the second quarter. Advisory Services Network LLC now owns 19,473 shares of the construction company’s stock valued at $350,000 after acquiring an additional 2,548 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Ply Gem Holdings by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 19,016 shares of the construction company’s stock valued at $342,000 after acquiring an additional 171 shares during the period. State Street Corp lifted its holdings in Ply Gem Holdings by 8.3% in the second quarter. State Street Corp now owns 389,644 shares of the construction company’s stock valued at $6,995,000 after acquiring an additional 29,912 shares during the period. HighTower Advisors LLC lifted its holdings in Ply Gem Holdings by 2.4% in the second quarter. HighTower Advisors LLC now owns 27,533 shares of the construction company’s stock valued at $495,000 after acquiring an additional 649 shares during the period. Finally, Numeric Investors LLC lifted its holdings in Ply Gem Holdings by 10.4% in the second quarter. Numeric Investors LLC now owns 292,406 shares of the construction company’s stock valued at $5,249,000 after acquiring an additional 27,500 shares during the period. 29.70% 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, 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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