Ply Gem Holdings, Inc. (NYSE:PGEM) Lowered to “Sell” at Zacks Investment Research

Ply Gem Holdings, Inc. (NYSE:PGEM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, November 7th.

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. “

PGEM has been the subject of several other research reports. BidaskClub upgraded shares of Ply Gem from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Royal Bank Of Canada restated a “buy” rating and set a $18.00 target price on shares of Ply Gem in a report on Monday, October 16th. KeyCorp restated a “hold” rating on shares of Ply Gem in a report on Tuesday, October 24th. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a $19.00 target price (down previously from $20.00) on shares of Ply Gem in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $19.50.

Ply Gem (NYSE:PGEM) opened at $17.80 on Tuesday. The firm has a market cap of $1,218.75, a P/E ratio of 18.74 and a beta of 2.51. Ply Gem has a 1-year low of $14.55 and a 1-year high of $20.00. The company has a quick ratio of 1.28, a current ratio of 1.92 and a debt-to-equity ratio of 13.73.

Ply Gem (NYSE:PGEM) last released its quarterly earnings results on Monday, November 6th. The construction company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.04). The company had revenue of $564.66 million during the quarter, compared to analyst estimates of $563.96 million. Ply Gem had a net margin of 3.02% and a return on equity of 240.74%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. sell-side analysts expect that Ply Gem will post 1.09 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc raised its position in Ply Gem by 1.0% during the first quarter. Legal & General Group Plc now owns 5,754 shares of the construction company’s stock worth $113,000 after acquiring an additional 58 shares in the last quarter. First Quadrant L P CA bought a new stake in Ply Gem during the second quarter worth $183,000. Parametrica Management Ltd bought a new stake in Ply Gem during the third quarter worth $196,000. Balter Liquid Alternatives LLC bought a new stake in Ply Gem during the second quarter worth $220,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Ply Gem during the second quarter worth $250,000. 30.27% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Ply Gem Holdings, Inc. (NYSE:PGEM) Lowered to “Sell” at Zacks Investment Research” was posted by BBNS and is the property of of BBNS. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://baseballnewssource.com/markets/ply-gem-holdings-inc-pgem-stock-rating-lowered-by-zacks-investment-research/1764580.html.

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.

Get a free copy of the Zacks research report on Ply Gem (PGEM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Ply Gem (NYSE:PGEM)

Receive News & Ratings for Ply Gem Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ply Gem Holdings Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Phillies Sign Free Agent Carlos Santana
Phillies Sign Free Agent Carlos Santana
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle


Leave a Reply

 
© 2006-2017 BBNS.