Shares of Ply Gem (NYSE:PGEM) have earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $21.50.
A number of research firms recently weighed in on PGEM. Zacks Investment Research upgraded shares of Ply Gem from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 31st. Royal Bank of Canada set a $23.00 price objective on shares of Ply Gem and gave the company a “buy” rating in a research note on Wednesday, February 14th. Finally, ValuEngine upgraded shares of Ply Gem from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd.
Shares of PGEM remained flat at $$21.65 on Wednesday. 2,840,100 shares of the company were exchanged, compared to its average volume of 653,396. 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 firm has a market cap of $1,484.25, a price-to-earnings ratio of 22.09 and a beta of 2.36.
Ply Gem (NYSE:PGEM) last posted its earnings results on Monday, March 5th. The construction company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.02). Ply Gem had a return on equity of 144.46% and a net margin of 3.32%. The business had revenue of $516.86 million during the quarter, compared to analyst estimates of $494.93 million. sell-side analysts predict that Ply Gem will post 1.49 earnings per share for the current fiscal year.
In other Ply Gem news, insider John L. Buckley sold 32,725 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $22.00, for a total value of $719,950.00. Following the completion of the sale, the insider now owns 32,724 shares in the company, valued at approximately $719,928. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 68.90% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in PGEM. Renaissance Technologies LLC grew its position in shares of Ply Gem by 34.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,517,600 shares of the construction company’s stock valued at $28,076,000 after acquiring an additional 390,771 shares during the period. Millennium Management LLC boosted its holdings in Ply Gem by 210.7% in the 4th quarter. Millennium Management LLC now owns 470,754 shares of the construction company’s stock worth $8,709,000 after buying an additional 319,261 shares during the period. Cooper Creek Partners Management LLC bought a new position in Ply Gem in the 4th quarter worth approximately $4,534,000. Deutsche Bank AG boosted its holdings in Ply Gem by 177.9% in the 4th quarter. Deutsche Bank AG now owns 274,559 shares of the construction company’s stock worth $5,078,000 after buying an additional 175,755 shares during the period. Finally, Raging Capital Management LLC boosted its holdings in Ply Gem by 101.1% in the 4th quarter. Raging Capital Management LLC now owns 303,950 shares of the construction company’s stock worth $5,623,000 after buying an additional 152,828 shares during the period. 29.34% of the stock is owned by hedge funds and other institutional investors.
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About Ply Gem
Ply Gem Holdings, Inc manufactures and sells residential and commercial building products in the United States and Canada. It operates in two segments: Siding, Fencing, and Stone; and Windows and Doors. The Siding, Fencing, and Stone segment offers vinyl siding and skirting, steel siding, vinyl and aluminum soffit, aluminum trim and gutter coil, fabricated aluminum gutter, aluminum and steel roofing accessory, cellular polyvinyl chloride trim and moulding, J-channel, wide crown molding, window and door trim, F-channel, H-mold, fascia, undersill trim, outside/inside corner post, rain removal system, vinyl fence and railing, engineered slate and cedar shake roofing, and stone veneer products.
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