Campbell & CO Investment Adviser LLC acquired a new position in shares of Ply Gem Holdings, Inc. (NYSE:PGEM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,900 shares of the construction company’s stock, valued at approximately $250,000.
A number of other hedge funds have also recently added to or reduced their stakes in PGEM. First Quadrant L P CA bought a new stake in shares of Ply Gem Holdings during the second quarter worth about $183,000. New England Research & Management Inc. increased its stake in shares of Ply Gem Holdings by 190.0% in the second quarter. New England Research & Management Inc. now owns 54,458 shares of the construction company’s stock worth $978,000 after buying an additional 35,682 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Ply Gem Holdings during the first quarter worth about $3,480,000. HighTower Advisors LLC increased its stake in shares of Ply Gem Holdings by 34.3% in the first quarter. HighTower Advisors LLC now owns 26,884 shares of the construction company’s stock worth $531,000 after buying an additional 6,861 shares during the last quarter. Finally, CNA Financial Corp increased its stake in shares of Ply Gem Holdings by 98.7% in the first quarter. CNA Financial Corp now owns 26,325 shares of the construction company’s stock worth $519,000 after buying an additional 13,075 shares during the last quarter. Institutional investors and hedge funds own 29.51% of the company’s stock.
Shares of Ply Gem Holdings, Inc. (NYSE:PGEM) traded up 2.64% during trading on Friday, reaching $15.55. 293,099 shares of the company’s stock traded hands. The company has a 50 day moving average price of $17.34 and a 200-day moving average price of $17.79. The stock has a market cap of $1.06 billion, a P/E ratio of 12.27 and a beta of 2.48. Ply Gem Holdings, Inc. has a one year low of $12.85 and a one year high of $20.00.
Ply Gem Holdings (NYSE:PGEM) last posted its earnings results on Monday, August 7th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by $0.03. Ply Gem Holdings had a net margin of 4.45% and a return on equity of 857.19%. The company had revenue of $544.80 million during the quarter, compared to analyst estimates of $548.58 million. During the same quarter last year, the business posted $0.62 EPS. Ply Gem Holdings’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, equities research analysts expect that Ply Gem Holdings, Inc. will post $1.17 EPS for the current fiscal year.
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A number of analysts have recently issued reports on PGEM shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $22.00 price target on shares of Ply Gem Holdings in a report on Monday, May 15th. Zacks Investment Research raised shares of Ply Gem Holdings from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Wednesday, May 17th. BidaskClub raised shares of Ply Gem Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Ply Gem Holdings in a report on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Ply Gem Holdings currently has a consensus rating of “Hold” and a consensus target price of $20.33.
About Ply Gem Holdings
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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