IndexIQ Advisors LLC grew its stake in Ply Gem Holdings, Inc. (NYSE:PGEM) by 83.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,994 shares of the construction company’s stock after buying an additional 19,974 shares during the period. IndexIQ Advisors LLC owned approximately 0.06% of Ply Gem Holdings worth $750,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in shares of Ply Gem Holdings by 1.0% in the 1st 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 in the last quarter. First Quadrant L P CA purchased a new stake in shares of Ply Gem Holdings in the 2nd quarter valued at $183,000. Parametrica Management Ltd purchased a new stake in shares of Ply Gem Holdings in the 3rd quarter valued at $196,000. Balter Liquid Alternatives LLC purchased a new stake in shares of Ply Gem Holdings in the 2nd quarter valued at $220,000. Finally, American International Group Inc. boosted its stake in shares of Ply Gem Holdings by 7.1% in the 1st 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 in the last quarter. 30.31% of the stock is owned by institutional investors and hedge funds.
Shares of Ply Gem Holdings, Inc. (NYSE:PGEM) opened at $16.80 on Tuesday. The firm has a market cap of $1,160.55, a price-to-earnings ratio of 17.84 and a beta of 2.51. The company has a current ratio of 1.92, a quick ratio of 1.28 and a debt-to-equity ratio of 13.73. Ply Gem Holdings, Inc. has a 12-month low of $14.10 and a 12-month high of $20.00.
Ply Gem Holdings (NYSE:PGEM) last announced its quarterly earnings results 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). The firm had revenue of $564.66 million for the quarter, compared to analysts’ expectations of $563.96 million. Ply Gem Holdings had a net margin of 3.02% and a return on equity of 240.74%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 EPS. equities research analysts expect that Ply Gem Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on PGEM shares. BidaskClub raised shares of Ply Gem Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, August 31st. Zacks Investment Research raised shares of Ply Gem Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. KeyCorp reaffirmed a “hold” rating on shares of Ply Gem Holdings in a research note on Tuesday, October 24th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Ply Gem Holdings in a research note on Monday, October 16th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Ply Gem Holdings in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two 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 $19.00.
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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