Ply Gem Holdings Inc (PGEM) Receives Average Rating of “Hold” from Analysts

Shares of Ply Gem Holdings Inc (NYSE:PGEM) have been assigned a consensus rating of “Hold” from the six analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $21.50.

PGEM has been the topic of several analyst reports. Royal Bank of Canada cut Ply Gem from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 21st. Zacks Investment Research raised Ply Gem from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Thursday, February 15th. Finally, ValuEngine raised Ply Gem from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.

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Shares of Ply Gem (NYSE:PGEM) remained flat at $$21.55 during trading on Friday. 282,869 shares of the company were exchanged, compared to its average volume of 591,836. The company has a quick ratio of 1.12, a current ratio of 1.72 and a debt-to-equity ratio of 10.08. Ply Gem has a 12-month low of $14.55 and a 12-month high of $22.20. The stock has a market cap of $1,477.40, a price-to-earnings ratio of 21.77 and a beta of 2.42.

Ply Gem (NYSE:PGEM) last announced its quarterly earnings data on Monday, March 5th. The construction company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.02). Ply Gem had a net margin of 3.32% and a return on equity of 144.46%. The firm had revenue of $516.86 million during the quarter, compared to analyst estimates of $494.93 million. equities analysts expect that Ply Gem will post 1.54 earnings per share for the current year.

In related news, insider John L. Buckley sold 32,725 shares of Ply Gem stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $22.00, for a total transaction of $719,950.00. Following the transaction, the insider now owns 32,724 shares of the company’s stock, valued at $719,928. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 68.90% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of PGEM. Wells Fargo & Company MN boosted its position in Ply Gem by 1.9% in the second quarter. Wells Fargo & Company MN now owns 15,890 shares of the construction company’s stock worth $285,000 after purchasing an additional 293 shares during the last quarter. Northern Trust Corp raised its stake in shares of Ply Gem by 2.6% in the second quarter. Northern Trust Corp now owns 300,602 shares of the construction company’s stock valued at $5,395,000 after buying an additional 7,683 shares during the period. State Street Corp raised its stake in shares of Ply Gem by 8.3% in the second quarter. State Street Corp now owns 389,644 shares of the construction company’s stock valued at $6,995,000 after buying an additional 29,912 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Ply Gem by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 19,016 shares of the construction company’s stock valued at $342,000 after buying an additional 171 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Ply Gem by 2.5% in the third quarter. Principal Financial Group Inc. now owns 205,608 shares of the construction company’s stock valued at $3,506,000 after buying an additional 4,921 shares during the period. 29.34% of the stock is currently owned by institutional investors and hedge funds.

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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.

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