Stock analysts at RBC Capital Markets began coverage on shares of Ply Gem Holdings Inc. (NYSE:PGEM) in a report issued on Tuesday. The firm set an “outperform” rating on the stock.

PGEM has been the subject of a number of other reports. Credit Suisse Group AG reissued a “hold” rating and set a $16.00 target price on shares of Ply Gem Holdings in a research report on Wednesday, June 29th. Imperial Capital increased their target price on shares of Ply Gem Holdings from $17.50 to $18.50 and gave the company an “outperform” rating in a research report on Wednesday, August 10th. JPMorgan Chase & Co. increased their target price on shares of Ply Gem Holdings from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, August 9th. Finally, Royal Bank Of Canada initiated coverage on shares of Ply Gem Holdings in a research report on Tuesday. They set an “outperform” rating and a $16.00 target price for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $16.08.

Ply Gem Holdings (NYSE:PGEM) opened at 13.45 on Tuesday. The firm’s 50-day moving average is $14.14 and its 200 day moving average is $14.33. Ply Gem Holdings has a 12 month low of $8.58 and a 12 month high of $16.09. The firm has a market capitalization of $917.09 million, a P/E ratio of 14.19 and a beta of 2.59.

Ply Gem Holdings (NYSE:PGEM) last released its earnings results on Monday, August 8th. The company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.08. Ply Gem Holdings had a net margin of 3.45% and a negative return on equity of 99.17%. The firm earned $510.50 million during the quarter, compared to the consensus estimate of $531.39 million. During the same period in the prior year, the firm earned $0.45 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. On average, analysts expect that Ply Gem Holdings will post $1.30 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. increased its position in Ply Gem Holdings by 0.4% in the second quarter. American International Group Inc. now owns 12,670 shares of the company’s stock valued at $185,000 after buying an additional 45 shares during the period. Pitcairn Co. increased its position in Ply Gem Holdings by 1.0% in the second quarter. Pitcairn Co. now owns 13,767 shares of the company’s stock valued at $200,000 after buying an additional 142 shares during the period. Parametric Portfolio Associates LLC increased its position in Ply Gem Holdings by 0.7% in the second quarter. Parametric Portfolio Associates LLC now owns 52,105 shares of the company’s stock valued at $759,000 after buying an additional 376 shares during the period. California State Teachers Retirement System increased its position in Ply Gem Holdings by 1.1% in the second quarter. California State Teachers Retirement System now owns 46,151 shares of the company’s stock valued at $672,000 after buying an additional 524 shares during the period. Finally, Rhumbline Advisers increased its position in Ply Gem Holdings by 4.6% in the second quarter. Rhumbline Advisers now owns 21,804 shares of the company’s stock valued at $318,000 after buying an additional 967 shares during the period. 29.18% of the stock is owned by institutional investors.

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.

5 Day Chart for NYSE:PGEM

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