Zacks Investment Research cut shares of Ply Gem Holdings Inc (NYSE:PGEM) from a hold rating to a sell rating in a research note released on Wednesday morning.

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. “

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada lifted their price objective on shares of Ply Gem Holdings from $19.00 to $21.00 and gave the stock an outperform rating in a research report on Monday, March 13th. Stephens downgraded shares of Ply Gem Holdings from an overweight rating to an equal weight rating in a research report on Friday, January 13th. Zelman & Associates raised shares of Ply Gem Holdings from a hold rating to a buy rating in a research report on Tuesday, March 14th. Finally, TheStreet raised shares of Ply Gem Holdings from a c+ rating to a b- rating in a research report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $18.10.

Analyst Recommendations for Ply Gem Holdings (NYSE:PGEM)

Ply Gem Holdings (NYSE:PGEM) opened at 19.65 on Wednesday. The company has a market capitalization of $1.34 billion, a P/E ratio of 17.86 and a beta of 2.56. The firm has a 50-day moving average of $17.69 and a 200 day moving average of $15.56. Ply Gem Holdings has a 52-week low of $12.50 and a 52-week high of $20.00.

Ply Gem Holdings (NYSE:PGEM) last issued its quarterly earnings data on Friday, March 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. Ply Gem Holdings had a negative return on equity of 147.73% and a net margin of 4.14%. The firm earned $462.30 million during the quarter, compared to analysts’ expectations of $441.81 million. During the same period in the previous year, the firm earned $0.14 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts predict that Ply Gem Holdings will post $1.25 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in PGEM. Putnam Investments LLC boosted its position in Ply Gem Holdings by 2.1% in the fourth quarter. Putnam Investments LLC now owns 252,600 shares of the company’s stock valued at $4,105,000 after buying an additional 5,200 shares in the last quarter. Bowling Portfolio Management LLC boosted its position in Ply Gem Holdings by 20.4% in the fourth quarter. Bowling Portfolio Management LLC now owns 41,111 shares of the company’s stock valued at $668,000 after buying an additional 6,965 shares in the last quarter. AQR Capital Management LLC boosted its position in Ply Gem Holdings by 12.8% in the fourth quarter. AQR Capital Management LLC now owns 498,964 shares of the company’s stock valued at $8,108,000 after buying an additional 56,450 shares in the last quarter. Menta Capital LLC boosted its position in Ply Gem Holdings by 29.2% in the fourth quarter. Menta Capital LLC now owns 42,470 shares of the company’s stock valued at $690,000 after buying an additional 9,606 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Ply Gem Holdings by 10.4% in the fourth quarter. Renaissance Technologies LLC now owns 825,400 shares of the company’s stock valued at $13,413,000 after buying an additional 77,500 shares in the last quarter. 29.65% of the stock is currently owned by institutional investors and hedge funds.

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.

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