Ply Gem Holdings, Inc. (NYSE:PGEM) has received an average recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $20.50.

A number of equities research analysts have recently commented on PGEM shares. Zacks Investment Research cut shares of Ply Gem Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. BidaskClub raised shares of Ply Gem Holdings from a “sell” rating to a “hold” rating in a report on Thursday. 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. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $19.00 target price (down from $20.00) on shares of Ply Gem Holdings in a report on Tuesday, August 8th.

Shares of Ply Gem Holdings (NYSE:PGEM) traded up 0.96% during midday trading on Tuesday, reaching $15.70. The company’s stock had a trading volume of 69,466 shares. Ply Gem Holdings has a 52 week low of $12.85 and a 52 week high of $20.00. The company has a 50 day moving average of $16.30 and a 200-day moving average of $17.59. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 12.39 and a beta of 2.51.

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 analysts’ consensus estimates of $0.47 by $0.03. Ply Gem Holdings had a net margin of 4.45% and a return on equity of 857.19%. The business had revenue of $544.80 million during the quarter, compared to analysts’ expectations of $548.58 million. During the same period in the previous year, the company posted $0.62 earnings per share. Ply Gem Holdings’s quarterly revenue was up 6.7% on a year-over-year basis. Equities research analysts predict that Ply Gem Holdings will post $1.16 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Advisory Services Network LLC increased its stake in shares of Ply Gem Holdings by 15.1% during the second quarter. Advisory Services Network LLC now owns 19,473 shares of the construction company’s stock worth $350,000 after acquiring an additional 2,548 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Ply Gem Holdings by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 19,016 shares of the construction company’s stock worth $342,000 after acquiring an additional 171 shares during the period. State Street Corp increased its stake in shares of Ply Gem Holdings by 8.3% during the second quarter. State Street Corp now owns 389,644 shares of the construction company’s stock worth $6,995,000 after acquiring an additional 29,912 shares during the period. HighTower Advisors LLC increased its stake in shares of Ply Gem Holdings by 2.4% during the second quarter. HighTower Advisors LLC now owns 27,533 shares of the construction company’s stock worth $495,000 after acquiring an additional 649 shares during the period. Finally, Numeric Investors LLC increased its stake in shares of Ply Gem Holdings by 10.4% during the second quarter. Numeric Investors LLC now owns 292,406 shares of the construction company’s stock worth $5,249,000 after acquiring an additional 27,500 shares during the period. Institutional investors and hedge funds own 29.70% of the company’s stock.

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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.

Analyst Recommendations for Ply Gem Holdings (NYSE:PGEM)

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