Ply Gem Holdings, Inc. (NYSE:PGEM) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Several other research firms also recently weighed in on PGEM. Zacks Investment Research downgraded Ply Gem Holdings from a “hold” rating to a “sell” rating in a research report on Friday. Royal Bank Of Canada reissued a “buy” rating and set a $22.00 target price on shares of Ply Gem Holdings in a research report on Monday, May 15th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a $19.00 target price (down previously from $20.00) on shares of Ply Gem Holdings in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Ply Gem Holdings has an average rating of “Hold” and an average price target of $20.33.

Ply Gem Holdings (NYSE:PGEM) traded up 1.61% during mid-day trading on Monday, hitting $15.80. The stock had a trading volume of 275,316 shares. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 12.47 and a beta of 2.48. Ply Gem Holdings has a 12 month low of $12.85 and a 12 month high of $20.00. The stock’s 50-day moving average price is $17.28 and its 200-day moving average price is $17.80.

Ply Gem Holdings (NYSE:PGEM) last released its earnings results on Monday, August 7th. The construction company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.03. The company had revenue of $544.80 million for the quarter, compared to the consensus estimate of $548.58 million. Ply Gem Holdings had a net margin of 4.45% and a return on equity of 857.19%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 EPS. On average, analysts predict that Ply Gem Holdings will post $1.15 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in PGEM. Vanguard Group Inc. increased its position in shares of Ply Gem Holdings by 1.6% in the second quarter. Vanguard Group Inc. now owns 2,113,312 shares of the construction company’s stock valued at $37,934,000 after buying an additional 32,379 shares during the period. Renaissance Technologies LLC increased its position in shares of Ply Gem Holdings by 2.8% in the second quarter. Renaissance Technologies LLC now owns 1,272,548 shares of the construction company’s stock valued at $22,842,000 after buying an additional 34,648 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Ply Gem Holdings by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,055,151 shares of the construction company’s stock valued at $18,940,000 after buying an additional 39,823 shares during the period. Paradigm Capital Management Inc. NY increased its position in shares of Ply Gem Holdings by 20.2% in the second quarter. Paradigm Capital Management Inc. NY now owns 961,681 shares of the construction company’s stock valued at $17,262,000 after buying an additional 161,281 shares during the period. Finally, Pzena Investment Management LLC increased its position in shares of Ply Gem Holdings by 427.4% in the first quarter. Pzena Investment Management LLC now owns 947,914 shares of the construction company’s stock valued at $18,674,000 after buying an additional 768,177 shares during the period. 29.75% 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.

Analyst Recommendations for Ply Gem Holdings (NYSE:PGEM)

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