Ply Gem Holdings, Inc. (PGEM) Stock Rating Reaffirmed by Royal Bank Of Canada
Royal Bank Of Canada reissued their buy rating on shares of Ply Gem Holdings, Inc. (NYSE:PGEM) in a research report report published on Wednesday morning. Royal Bank Of Canada currently has a $20.00 target price on the construction company’s stock.
Other equities analysts have also issued reports about the stock. J P Morgan Chase & Co reiterated a neutral rating and set a $19.00 target price (down from $20.00) on shares of Ply Gem Holdings in a report on Tuesday, August 8th. BidaskClub upgraded shares of Ply Gem Holdings from a sell rating to a hold rating in a report on Monday, August 14th. Zacks Investment Research lowered shares of Ply Gem Holdings from a hold rating to a sell rating in a report on Friday, August 11th. Finally, KeyCorp reiterated a hold rating on shares of Ply Gem Holdings in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Ply Gem Holdings has an average rating of Hold and an average target price of $19.50.
Ply Gem Holdings (NYSE PGEM) opened at $16.95 on Wednesday. Ply Gem Holdings has a 1-year low of $14.55 and a 1-year high of $20.00. The stock has a market cap of $1,160.55, a P/E ratio of 17.84 and a beta of 2.51. The company has a current ratio of 1.92, a quick ratio of 1.28 and a debt-to-equity ratio of 13.73.
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 net margin of 3.02% and a return on equity of 240.74%. The business had revenue of $564.66 million for the quarter, compared to analysts’ expectations of $563.96 million. During the same quarter in the previous year, the business posted $0.75 earnings per share. Ply Gem Holdings’s revenue for the quarter was up 6.5% on a year-over-year basis. sell-side analysts predict that Ply Gem Holdings will post 1.09 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in PGEM. Legal & General Group Plc increased its position in shares of Ply Gem Holdings by 1.0% during the first quarter. Legal & General Group Plc now owns 5,754 shares of the construction company’s stock valued at $113,000 after acquiring an additional 58 shares in the last quarter. First Quadrant L P CA bought a new stake in shares of Ply Gem Holdings during the second quarter valued at approximately $183,000. Parametrica Management Ltd bought a new stake in shares of Ply Gem Holdings during the third quarter valued at approximately $196,000. Balter Liquid Alternatives LLC bought a new stake in shares of Ply Gem Holdings during the second quarter valued at approximately $220,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Ply Gem Holdings during the second quarter valued at approximately $250,000. 30.31% 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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