Ply Gem Holdings Inc (PGEM) Given Average Recommendation of “Hold” by Analysts
Ply Gem Holdings Inc (NYSE:PGEM) has been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $21.50.
A number of analysts have recently issued reports on PGEM shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $19.00 price target on shares of Ply Gem in a report on Tuesday, November 7th. Zacks Investment Research downgraded shares of Ply Gem from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. BidaskClub downgraded shares of Ply Gem from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. Finally, ValuEngine raised shares of Ply Gem from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.
Shares of Ply Gem (PGEM) traded down $0.05 during midday trading on Tuesday, hitting $21.80. 309,228 shares of the stock were exchanged, compared to its average volume of 1,038,046. 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 stock has a market cap of $1,494.54, a P/E ratio of 22.95 and a beta of 2.55. Ply Gem has a 12-month low of $14.55 and a 12-month high of $22.20.
A number of large investors have recently modified their holdings of the business. MetLife Investment Advisors LLC purchased a new position in Ply Gem during the fourth quarter valued at approximately $209,000. Millennium Management LLC raised its position in shares of Ply Gem by 210.7% during the fourth quarter. Millennium Management LLC now owns 470,754 shares of the construction company’s stock valued at $8,709,000 after buying an additional 319,261 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Ply Gem by 8.5% during the fourth quarter. TIAA CREF Investment Management LLC now owns 176,639 shares of the construction company’s stock valued at $3,268,000 after buying an additional 13,788 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Ply Gem during the fourth quarter valued at approximately $2,716,000. Finally, Two Sigma Advisers LP raised its position in shares of Ply Gem by 18.4% during the fourth quarter. Two Sigma Advisers LP now owns 123,700 shares of the construction company’s stock valued at $2,288,000 after buying an additional 19,200 shares during the last quarter. 28.96% of the stock is currently owned by institutional investors and hedge funds.
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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