RBC Capital Markets began coverage on shares of Ply Gem Holdings Inc. (NYSE:PGEM) in a research note issued to investors on Tuesday. The firm issued an outperform rating and a $16.00 target price on the stock.
PGEM has been the topic of several other reports. Credit Suisse Group AG reiterated a hold rating and set a $16.00 price target on shares of Ply Gem Holdings in a research report on Wednesday, June 29th. Imperial Capital lifted their price target on Ply Gem Holdings from $17.50 to $18.50 and gave the company an outperform rating in a research report on Wednesday, August 10th. Royal Bank Of Canada initiated coverage on Ply Gem Holdings in a research report on Tuesday. They set an outperform rating and a $16.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Ply Gem Holdings from $16.00 to $17.00 and gave the company a neutral rating in a research report on Tuesday, August 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $16.07.
Shares of Ply Gem Holdings (NYSE:PGEM) opened at 13.69 on Tuesday. The firm’s 50-day moving average price is $14.01 and its 200 day moving average price is $14.33. Ply Gem Holdings has a 52 week low of $8.58 and a 52 week high of $16.09. The firm has a market capitalization of $933.45 million, a price-to-earnings ratio of 14.44 and a beta of 2.59.
Ply Gem Holdings (NYSE:PGEM) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.08. Ply Gem Holdings had a negative return on equity of 99.17% and a net margin of 3.45%. The company had revenue of $510.50 million for the quarter, compared to analysts’ expectations of $531.39 million. During the same period last year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts anticipate that Ply Gem Holdings will post $1.30 EPS for the current year.
Several institutional investors have recently modified their holdings of PGEM. Bogle Investment Management L P DE bought a new position in shares of Ply Gem Holdings during the first quarter worth about $1,025,000. BlackRock Group LTD boosted its stake in shares of Ply Gem Holdings by 392.2% in the first quarter. BlackRock Group LTD now owns 8,367 shares of the company’s stock valued at $118,000 after buying an additional 6,667 shares during the period. GSA Capital Partners LLP boosted its stake in shares of Ply Gem Holdings by 825.8% in the second quarter. GSA Capital Partners LLP now owns 107,081 shares of the company’s stock valued at $1,560,000 after buying an additional 95,515 shares during the period. Oxford Asset Management acquired a new stake in shares of Ply Gem Holdings during the second quarter valued at approximately $1,347,000. Finally, EAM Investors LLC acquired a new stake in shares of Ply Gem Holdings during the second quarter valued at approximately $881,000. Institutional investors and hedge funds own 29.18% of the company’s stock.
Ply Gem Holdings 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, the Company’s principal products include vinyl skirting, vinyl and aluminum soffit, aluminum trim coil, cellular PVC 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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