Brokerages Set Ply Gem Holdings, Inc. (PGEM) Target Price at $19.50

Ply Gem Holdings, Inc. (NYSE:PGEM) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $19.50.

Several equities research analysts have weighed in on PGEM shares. Zacks Investment Research downgraded Ply Gem from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. BidaskClub downgraded Ply Gem from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. Royal Bank of Canada reiterated a “buy” rating and issued a $20.00 price objective on shares of Ply Gem in a report on Wednesday, November 15th. Finally, KeyCorp reiterated a “hold” rating on shares of Ply Gem in a report on Tuesday, October 24th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PGEM. Legal & General Group Plc increased its holdings in shares of Ply Gem 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 acquiring an additional 58 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Ply Gem by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 2,080,933 shares of the construction company’s stock valued at $40,993,000 after acquiring an additional 146,869 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ply Gem by 6.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,015,328 shares of the construction company’s stock valued at $20,001,000 after acquiring an additional 61,915 shares during the last quarter. Morgan Stanley increased its holdings in shares of Ply Gem by 75.8% in the 1st quarter. Morgan Stanley now owns 145,340 shares of the construction company’s stock valued at $2,862,000 after acquiring an additional 62,665 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Ply Gem by 16.5% in the 2nd quarter. First Trust Advisors LP now owns 117,089 shares of the construction company’s stock valued at $2,102,000 after acquiring an additional 16,596 shares during the last quarter. Institutional investors and hedge funds own 29.22% of the company’s stock.

Shares of Ply Gem (PGEM) traded up $0.10 during midday trading on Thursday, reaching $18.20. The company’s stock had a trading volume of 125,783 shares, compared to its average volume of 164,569. 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 has a 12 month low of $14.55 and a 12 month high of $20.00. The stock has a market cap of $1,242.71, a P/E ratio of 19.10 and a beta of 2.51.

Ply Gem (NYSE:PGEM) last issued 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). Ply Gem had a return on equity of 240.74% and a net margin of 3.02%. The company had revenue of $564.66 million for the quarter, compared to analysts’ expectations of $563.96 million. During the same quarter last year, the company earned $0.75 EPS. Ply Gem’s revenue for the quarter was up 6.5% compared to the same quarter last year. analysts anticipate that Ply Gem will post 1.06 EPS for the current year.

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About Ply Gem

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.

Analyst Recommendations for Ply Gem (NYSE:PGEM)

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