Ply Gem Holdings, Inc. (NYSE:PGEM) has been given a consensus rating of “Hold” by the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $18.70.
A number of research analysts have weighed in on PGEM shares. Zacks Investment Research upgraded Ply Gem Holdings from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Saturday, June 24th. BidaskClub raised Ply Gem Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Royal Bank of Canada reissued a “buy” rating and issued a $22.00 price target on shares of Ply Gem Holdings in a research report on Monday, May 15th. Seaport Global Securities initiated coverage on Ply Gem Holdings in a research report on Thursday, March 16th. They issued a “neutral” rating on the stock. Finally, Zelman & Associates raised Ply Gem Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, March 14th.
Shares of Ply Gem Holdings (PGEM) traded up 0.29% during midday trading on Monday, hitting $17.35. The company had a trading volume of 248,426 shares. Ply Gem Holdings has a 52 week low of $12.85 and a 52 week high of $20.00. The company has a market capitalization of $1.19 billion, a P/E ratio of 11.97 and a beta of 2.50. The firm’s 50 day moving average is $17.23 and its 200 day moving average is $17.58.
Ply Gem Holdings (NYSE:PGEM) last announced its quarterly earnings results on Monday, May 8th. The construction company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $430 million for the quarter, compared to the consensus estimate of $420.11 million. During the same quarter in the previous year, the business earned ($0.20) EPS. Ply Gem Holdings’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Ply Gem Holdings will post $1.24 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in PGEM. Legal & General Group Plc boosted its position in Ply Gem Holdings by 1.0% in the first quarter. Legal & General Group Plc now owns 5,754 shares of the construction company’s stock valued at $113,000 after buying an additional 58 shares during the period. Acadian Asset Management LLC acquired a new position in Ply Gem Holdings during the first quarter valued at about $213,000. American International Group Inc. boosted its position in Ply Gem Holdings by 7.1% in the first quarter. American International Group Inc. now owns 13,556 shares of the construction company’s stock valued at $267,000 after buying an additional 901 shares during the period. Advisory Services Network LLC acquired a new position in Ply Gem Holdings during the first quarter valued at about $333,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Ply Gem Holdings during the first quarter valued at about $357,000. 29.67% 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, 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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