Ply Gem Holdings, Inc. (NYSE:PGEM) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Ply Gem Holdings, Inc. (NYSE:PGEM) have been given a consensus recommendation of “Hold” by the ten research firms that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $18.38.
PGEM has been the subject of several analyst reports. Zacks Investment Research upgraded Ply Gem Holdings from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Wednesday, May 17th. Royal Bank Of Canada restated a “buy” rating and set a $22.00 price target on shares of Ply Gem Holdings in a report on Monday, May 15th. Finally, BidaskClub upgraded Ply Gem Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 9th.
Shares of Ply Gem Holdings (NYSE PGEM) traded up 0.87% during mid-day trading on Friday, reaching $17.30. 141,154 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.18 billion, a P/E ratio of 11.94 and a beta of 2.48. Ply Gem Holdings has a one year low of $12.85 and a one year high of $20.00. The stock has a 50-day moving average of $17.66 and a 200 day moving average of $17.82.
Ply Gem Holdings (NYSE:PGEM) last issued its quarterly earnings results on Monday, May 8th. The construction company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. Ply Gem Holdings had a negative return on equity of 767.51% and a net margin of 5.14%. The firm had revenue of $430 million during the quarter, compared to the consensus estimate of $420.11 million. During the same period last year, the company earned ($0.20) earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. On average, analysts forecast that Ply Gem Holdings will post $1.24 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in PGEM. Federated Investors Inc. PA increased its stake in Ply Gem Holdings by 12.2% in the second quarter. Federated Investors Inc. PA now owns 32,212 shares of the construction company’s stock valued at $578,000 after buying an additional 3,504 shares during the last quarter. Alps Advisors Inc. increased its stake in Ply Gem Holdings by 0.3% in the second quarter. Alps Advisors Inc. now owns 25,204 shares of the construction company’s stock valued at $452,000 after buying an additional 66 shares during the last quarter. Convergence Investment Partners LLC increased its stake in Ply Gem Holdings by 35.1% in the second quarter. Convergence Investment Partners LLC now owns 59,424 shares of the construction company’s stock valued at $1,067,000 after buying an additional 15,424 shares during the last quarter. First Trust Advisors LP increased its stake in Ply Gem Holdings by 16.5% in the second quarter. First Trust Advisors LP now owns 117,089 shares of the construction company’s stock valued at $2,102,000 after buying an additional 16,596 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Ply Gem Holdings during the second quarter valued at approximately $250,000. Institutional investors own 29.56% of the company’s stock.
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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