Hillcrest Asset Management LLC Has $8.33 Million Holdings in Ply Gem Holdings, Inc. (PGEM)
Hillcrest Asset Management LLC cut its stake in shares of Ply Gem Holdings, Inc. (NYSE:PGEM) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 488,264 shares of the construction company’s stock after selling 12,064 shares during the period. Hillcrest Asset Management LLC owned approximately 0.71% of Ply Gem Holdings worth $8,325,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Paradigm Capital Management Inc. NY raised its stake in Ply Gem Holdings by 20.2% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 961,681 shares of the construction company’s stock valued at $17,262,000 after acquiring an additional 161,281 shares during the last quarter. LSV Asset Management raised its stake in Ply Gem Holdings by 225.3% during the 2nd quarter. LSV Asset Management now owns 158,079 shares of the construction company’s stock valued at $2,837,000 after acquiring an additional 109,479 shares during the last quarter. First Trust Advisors LP raised its stake in Ply Gem Holdings by 16.5% during the 2nd quarter. First Trust Advisors LP now owns 117,089 shares of the construction company’s stock valued at $2,102,000 after acquiring an additional 16,596 shares during the last quarter. Thrivent Financial For Lutherans purchased a new stake in Ply Gem Holdings during the 2nd quarter valued at approximately $333,000. Finally, Principal Financial Group Inc. purchased a new stake in Ply Gem Holdings during the 2nd quarter valued at approximately $3,602,000. 30.31% of the stock is owned by hedge funds and other institutional investors.
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Ply Gem Holdings, Inc. (NYSE PGEM) traded down $0.20 during midday trading on Monday, reaching $16.95. The company’s stock had a trading volume of 122,300 shares, compared to its average volume of 161,542. The company has a debt-to-equity ratio of 13.73, a current ratio of 1.92 and a quick ratio of 1.28. Ply Gem Holdings, Inc. has a 52 week low of $14.10 and a 52 week high of $20.00. The firm has a market cap of $1,150.00, a PE ratio of 17.84 and a beta of 2.50.
Ply Gem Holdings (NYSE:PGEM) last released its earnings results on Monday, November 6th. The construction company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.04). Ply Gem Holdings had a return on equity of 240.74% and a net margin of 3.02%. The business had revenue of $564.66 million for the quarter, compared to analyst estimates of $563.96 million. During the same quarter in the previous year, the firm posted $0.75 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. research analysts predict that Ply Gem Holdings, Inc. will post 1.09 earnings per share for the current year.
Several analysts have commented on PGEM shares. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $19.00 price objective (down from $20.00) on shares of Ply Gem Holdings in a research note on Tuesday, August 8th. Zacks Investment Research cut Ply Gem Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. BidaskClub upgraded Ply Gem Holdings from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Royal Bank Of Canada reiterated a “buy” rating and set a $18.00 target price on shares of Ply Gem Holdings in a research report on Monday, October 16th. Finally, KeyCorp reiterated a “hold” rating on shares of Ply Gem Holdings in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $19.00.
About Ply Gem Holdings
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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