Los Angeles Capital Management & Equity Research Inc. Buys New Stake in Ply Gem Holdings, Inc. (PGEM)

Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Ply Gem Holdings, Inc. (NYSE:PGEM) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 19,194 shares of the construction company’s stock, valued at approximately $327,000.

Other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc grew its position in shares of Ply Gem by 1.0% in the 1st quarter. Legal & General Group Plc now owns 5,754 shares of the construction company’s stock valued at $113,000 after purchasing an additional 58 shares during the period. Parametrica Management Ltd acquired a new position in shares of Ply Gem in the 3rd quarter valued at approximately $196,000. Balter Liquid Alternatives LLC acquired a new position in shares of Ply Gem in the 2nd quarter valued at approximately $220,000. Wells Fargo & Company MN grew its position in shares of Ply Gem by 1.9% in the 2nd quarter. Wells Fargo & Company MN now owns 15,890 shares of the construction company’s stock valued at $285,000 after purchasing an additional 293 shares during the period. Finally, Thrivent Financial For Lutherans acquired a new position in shares of Ply Gem in the 2nd quarter valued at approximately $333,000. Institutional investors own 29.22% of the company’s stock.

PGEM has been the subject of several research analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $19.00 price objective on shares of Ply Gem in a research report on Tuesday, November 7th. BidaskClub upgraded Ply Gem from a “sell” rating to a “hold” rating in a research report on Thursday, August 31st. Zacks Investment Research upgraded Ply Gem from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, KeyCorp reiterated a “hold” rating on shares of Ply Gem in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $19.50.

Ply Gem Holdings, Inc. (NYSE:PGEM) traded up $0.35 during midday trading on Monday, reaching $18.15. The company’s stock had a trading volume of 257,100 shares, compared to its average volume of 165,476. The company has a market cap of $1,242.71, a PE ratio of 19.10 and a beta of 2.51. The company has a debt-to-equity ratio of 13.73, a current ratio of 1.92 and a quick ratio of 1.28. Ply Gem Holdings, Inc. has a 12-month low of $14.55 and a 12-month high of $20.00.

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

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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.

Institutional Ownership by Quarter for Ply Gem (NYSE:PGEM)

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