Geode Capital Management LLC Has $4.07 Million Position in Ply Gem Holdings, Inc. (PGEM)
Geode Capital Management LLC cut its stake in shares of Ply Gem Holdings, Inc. (NYSE:PGEM) by 1.3% during the first quarter, Holdings Channel reports. The firm owned 206,483 shares of the construction company’s stock after selling 2,817 shares during the period. Geode Capital Management LLC’s holdings in Ply Gem Holdings were worth $4,067,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Legal & General Group Plc raised its stake in shares of Ply Gem Holdings by 1.0% in the first quarter. Legal & General Group Plc now owns 5,754 shares of the construction company’s stock valued at $113,000 after buying an additional 58 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Ply Gem Holdings during the first quarter valued at about $213,000. American International Group Inc. raised its stake in shares of Ply Gem Holdings by 7.1% in the first quarter. American International Group Inc. now owns 13,556 shares of the construction company’s stock valued at $267,000 after buying an additional 901 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Ply Gem Holdings during the first quarter valued at about $333,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Ply Gem Holdings during the first quarter valued at about $357,000. 29.75% of the stock is currently owned by hedge funds and other institutional investors.
Ply Gem Holdings, Inc. (NYSE PGEM) traded down 1.94% during midday trading on Thursday, hitting $15.20. 9,895 shares of the stock traded hands. Ply Gem Holdings, Inc. has a 12-month low of $12.85 and a 12-month high of $20.00. The stock has a market capitalization of $1.04 billion, a PE ratio of 12.00 and a beta of 2.48. The firm’s 50 day moving average is $17.14 and its 200-day moving average is $17.78.
Ply Gem Holdings (NYSE:PGEM) last released its quarterly 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 firm had revenue of $544.80 million for the quarter, compared to the consensus estimate of $548.58 million. Ply Gem Holdings had a return on equity of 857.19% and a net margin of 4.45%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 earnings per share. On average, analysts anticipate that Ply Gem Holdings, Inc. will post $1.16 EPS for the current fiscal year.
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PGEM has been the topic of several analyst reports. Zacks Investment Research raised shares of Ply Gem Holdings from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Wednesday, May 17th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $22.00 target price on shares of Ply Gem Holdings in a report on Monday, May 15th. BidaskClub raised shares of Ply Gem Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $19.00 target price (down previously from $20.00) on shares of Ply Gem Holdings in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $20.33.
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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