JPMorgan Chase & Co. reduced its holdings in Ply Gem Holdings Inc (NYSE:PGEM) by 26.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 159,177 shares of the construction company’s stock after selling 56,536 shares during the period. JPMorgan Chase & Co. owned approximately 0.23% of Ply Gem worth $2,722,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Parametrica Management Ltd purchased a new position in shares of Ply Gem in the 3rd quarter worth $196,000. Wells Fargo & Company MN grew its stake 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 worth $285,000 after buying an additional 293 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Ply Gem in the 3rd quarter worth $327,000. Thrivent Financial For Lutherans purchased a new position in shares of Ply Gem in the 2nd quarter worth $333,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Ply Gem by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,016 shares of the construction company’s stock worth $342,000 after acquiring an additional 171 shares during the last quarter. 29.22% of the stock is owned by institutional investors and hedge funds.
Shares of Ply Gem Holdings Inc (NYSE PGEM) opened at $18.20 on Friday. Ply Gem Holdings Inc has a twelve month low of $14.55 and a twelve month high of $20.00. The firm has a market cap of $1,250.00, a PE ratio of 20.68 and a beta of 2.50. 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 (NYSE:PGEM) last announced its quarterly earnings data 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 had a net margin of 3.02% and a return on equity of 240.74%. The company had revenue of $564.66 million for the quarter, compared to the consensus estimate of $563.96 million. During the same quarter in the previous year, the business earned $0.75 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. equities analysts forecast that Ply Gem Holdings Inc will post 1.03 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of Ply Gem from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Zacks Investment Research lowered shares of Ply Gem from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. KeyCorp restated a “hold” rating on shares of Ply Gem in a report on Tuesday, October 24th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $20.00 target price on shares of Ply Gem in a report on Wednesday, November 15th. 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 stock has a consensus rating of “Hold” and a consensus price target of $19.50.
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Ply Gem 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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