Zacks Investment Research upgraded shares of Ply Gem (NYSE:PGEM) from a strong sell rating to a hold rating in a research report released on Wednesday 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. “Several other equities analysts have also issued reports on PGEM. BidaskClub lowered shares of Ply Gem from a buy rating to a hold rating in a report on Thursday, October 12th. Royal Bank of Canada reiterated a buy rating and set a $18.00 target price on shares of Ply Gem in a report on Monday, October 16th. Finally, KeyCorp reiterated a hold rating on shares of Ply Gem in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $19.50.
Shares of Ply Gem (NYSE:PGEM) opened at $21.50 on Wednesday. The company has a current ratio of 1.92, a quick ratio of 1.28 and a debt-to-equity ratio of 13.73. The firm has a market capitalization of $1,472.08, a P/E ratio of 22.63 and a beta of 2.55. Ply Gem has a 12-month low of $14.55 and a 12-month high of $21.58.
Ply Gem (NYSE:PGEM) last posted its quarterly earnings data 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). Ply Gem had a net margin of 3.02% and a return on equity of 240.74%. The firm had revenue of $564.66 million for the quarter, compared to the consensus estimate of $563.96 million. During the same period in the previous year, the firm posted $0.75 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. equities research analysts anticipate that Ply Gem will post 1.04 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Royce & Associates LP lifted its holdings in shares of Ply Gem by 34.4% during the third quarter. Royce & Associates LP now owns 554,911 shares of the construction company’s stock valued at $9,461,000 after purchasing an additional 142,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ply Gem by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,091,632 shares of the construction company’s stock valued at $18,612,000 after purchasing an additional 36,481 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Ply Gem during the third quarter valued at approximately $327,000. Pzena Investment Management LLC lifted its holdings in shares of Ply Gem by 127.1% during the third 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 during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Ply Gem by 1.6% during the second quarter. Vanguard Group Inc. now owns 2,113,312 shares of the construction company’s stock valued at $37,934,000 after purchasing an additional 32,379 shares during the last quarter. Hedge funds and other institutional investors own 29.04% of the company’s stock.
Ply Gem Company 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.