Ply Gem Holdings, Inc. (NYSE:PGEM)‘s stock had its “buy” rating reaffirmed by stock analysts at Royal Bank Of Canada in a report released on Wednesday. They presently have a $20.00 price target on the construction company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 18.69% from the stock’s current price.
Several other brokerages have also recently weighed in on PGEM. Zacks Investment Research cut Ply Gem Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. BidaskClub cut Ply Gem Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $19.00 price target (down from $20.00) on shares of Ply Gem Holdings in a research report on Tuesday, August 8th. Finally, KeyCorp reiterated a “hold” rating on shares of Ply Gem Holdings in a research report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Ply Gem Holdings presently has a consensus rating of “Hold” and an average target price of $19.50.
Ply Gem Holdings (NYSE:PGEM) opened at $16.85 on Wednesday. Ply Gem Holdings has a 12 month low of $14.10 and a 12 month high of $20.00. The stock has a market capitalization of $1,160.55, a PE ratio of 17.84 and a beta of 2.51. The company has a quick ratio of 1.28, a current ratio of 1.92 and a debt-to-equity ratio of 13.73.
Ply Gem Holdings (NYSE:PGEM) last announced its quarterly earnings data on Monday, November 6th. The construction company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). Ply Gem Holdings had a return on equity of 240.74% and a net margin of 3.02%. The firm had revenue of $564.66 million during the quarter, compared to analysts’ expectations of $563.96 million. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share. research analysts anticipate that Ply Gem Holdings will post 1.09 EPS for the current year.
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Institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc grew its holdings in Ply Gem Holdings by 1.0% in the first quarter. Legal & General Group Plc now owns 5,754 shares of the construction company’s stock valued at $113,000 after purchasing an additional 58 shares during the period. First Quadrant L P CA acquired a new stake in Ply Gem Holdings in the second quarter valued at approximately $183,000. Parametrica Management Ltd acquired a new stake in Ply Gem Holdings in the third quarter valued at approximately $196,000. Balter Liquid Alternatives LLC acquired a new stake in Ply Gem Holdings in the second quarter valued at approximately $220,000. Finally, American International Group Inc. grew its holdings in Ply Gem Holdings by 7.1% in the first quarter. American International Group Inc. now owns 13,556 shares of the construction company’s stock valued at $267,000 after purchasing an additional 901 shares during the period. 30.31% of the stock is currently owned by institutional investors.
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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