Zacks Investment Research lowered shares of Ply Gem Holdings, Inc. (NYSE:PGEM) from a hold rating to a sell rating in a report published on Tuesday 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. “
A number of other research analysts have also recently weighed in on the company. BidaskClub upgraded Ply Gem Holdings from a sell rating to a hold rating in a research report on Thursday, August 31st. KeyCorp reiterated a hold rating on shares of Ply Gem Holdings in a research report on Tuesday, October 24th. Royal Bank Of Canada reiterated a buy rating and set a $18.00 price objective on shares of Ply Gem Holdings in a research report on Monday, October 16th. Finally, J P Morgan Chase & Co reiterated a neutral rating and set a $19.00 price objective (down previously from $20.00) on shares of Ply Gem Holdings in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $19.00.
Shares of Ply Gem Holdings (NYSE:PGEM) traded down $0.20 during mid-day trading on Tuesday, hitting $16.95. The stock had a trading volume of 122,300 shares, compared to its average volume of 161,542. Ply Gem Holdings has a twelve month low of $14.10 and a twelve month high of $20.00. The stock has a market capitalization of $1,174.24, a PE ratio of 18.05 and a beta of 2.51. The company has a current ratio of 1.92, a quick ratio of 1.13 and a debt-to-equity ratio of 13.73.
Ply Gem Holdings (NYSE:PGEM) last announced its quarterly earnings results on Monday, November 6th. The construction company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $564.66 million during the quarter, compared to analysts’ expectations of $563.96 million. During the same quarter in the prior year, the business earned $0.75 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. analysts forecast that Ply Gem Holdings will post 1.09 EPS for the current year.
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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN grew its holdings in Ply Gem Holdings by 77.1% in the 3rd quarter. Wells Fargo & Company MN now owns 28,134 shares of the construction company’s stock valued at $480,000 after buying an additional 12,244 shares during the period. BBT Capital Management LLC grew its holdings in Ply Gem Holdings by 758.6% in the 3rd quarter. BBT Capital Management LLC now owns 475,504 shares of the construction company’s stock valued at $8,107,000 after buying an additional 420,125 shares during the period. CNA Financial Corp lifted its stake in shares of Ply Gem Holdings by 113.1% in the 3rd quarter. CNA Financial Corp now owns 47,885 shares of the construction company’s stock valued at $816,000 after purchasing an additional 25,418 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Ply Gem Holdings in the 3rd quarter valued at about $327,000. Finally, Pzena Investment Management LLC lifted its stake in shares of Ply Gem Holdings by 127.1% in the 3rd quarter. Pzena Investment Management LLC now owns 1,952,430 shares of the construction company’s stock valued at $33,289,000 after purchasing an additional 1,092,714 shares in the last quarter. Institutional investors own 29.85% of the company’s stock.
About Ply Gem Holdings
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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