Brandywine Global Investment Management LLC lowered its position in shares of Ply Gem Holdings, Inc. (NYSE:PGEM) by 3.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 257,490 shares of the construction company’s stock after selling 9,225 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.38% of Ply Gem Holdings worth $4,622,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PGEM. Renaissance Technologies LLC raised its position in shares of Ply Gem Holdings by 50.0% during the first quarter. Renaissance Technologies LLC now owns 1,237,900 shares of the construction company’s stock worth $24,387,000 after acquiring an additional 412,500 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of Ply Gem Holdings during the second quarter worth $3,602,000. Driehaus Capital Management LLC bought a new stake in shares of Ply Gem Holdings during the first quarter worth $3,480,000. Paradigm Capital Management Inc. NY raised its position in shares of Ply Gem Holdings by 20.2% during the second quarter. Paradigm Capital Management Inc. NY now owns 961,681 shares of the construction company’s stock worth $17,262,000 after acquiring an additional 161,281 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Ply Gem Holdings by 7.6% during the first quarter. Vanguard Group Inc. now owns 2,080,933 shares of the construction company’s stock worth $40,993,000 after acquiring an additional 146,869 shares during the last quarter. Institutional investors own 29.70% of the company’s stock.

Shares of Ply Gem Holdings, Inc. (PGEM) opened at 17.00 on Friday. The company has a market cap of $1.16 billion, a P/E ratio of 13.42 and a beta of 2.52. The company has a 50-day moving average price of $15.97 and a 200-day moving average price of $17.34. Ply Gem Holdings, Inc. has a 12-month low of $12.85 and a 12-month high of $20.00.

Ply Gem Holdings (NYSE:PGEM) last announced its earnings results on Monday, August 7th. The construction company reported $0.44 EPS 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 analyst estimates of $548.58 million. Ply Gem Holdings had a return on equity of 857.19% and a net margin of 4.45%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 earnings per share. On average, analysts predict that Ply Gem Holdings, Inc. will post $1.16 earnings per share for the current year.

PGEM has been the subject of a number of recent research reports. BidaskClub upgraded Ply Gem Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Zacks Investment Research downgraded Ply Gem Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, J P Morgan Chase & Co restated 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Ply Gem Holdings currently has a consensus rating of “Hold” and a consensus target price of $20.50.

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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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Institutional Ownership by Quarter for Ply Gem Holdings (NYSE:PGEM)

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