Citadel Advisors LLC boosted its stake in shares of Ply Gem Holdings, Inc. (NYSE:PGEM) by 6.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,600 shares of the construction company’s stock after purchasing an additional 5,740 shares during the period. Citadel Advisors LLC owned about 0.14% of Ply Gem Holdings worth $1,698,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings 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 worth $22,842,000 after acquiring an additional 34,648 shares during the period. California Public Employees Retirement System lifted its holdings in Ply Gem Holdings by 3.1% in the second quarter. California Public Employees Retirement System now owns 204,800 shares of the construction company’s stock valued at $3,676,000 after acquiring an additional 6,200 shares during the period. Vanguard Group Inc. lifted its holdings in 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 acquiring an additional 32,379 shares during the period. Northern Trust Corp lifted its holdings in Ply Gem Holdings by 2.6% in the second quarter. Northern Trust Corp now owns 300,602 shares of the construction company’s stock valued at $5,395,000 after acquiring an additional 7,683 shares during the period. Finally, Menta Capital LLC lifted its holdings in Ply Gem Holdings by 5.0% in the second quarter. Menta Capital LLC now owns 38,579 shares of the construction company’s stock valued at $692,000 after acquiring an additional 1,837 shares during the period. Institutional investors own 29.70% of the company’s stock.

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Several brokerages have issued reports on PGEM. BidaskClub raised Ply Gem Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Zacks Investment Research lowered shares of Ply Gem Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $19.00 price target (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 stock. The stock presently has an average rating of “Hold” and an average target price of $20.33.

Ply Gem Holdings, Inc. (NYSE PGEM) opened at 17.05 on Monday. Ply Gem Holdings, Inc. has a 52 week low of $12.85 and a 52 week high of $20.00. The stock has a market cap of $1.17 billion, a PE ratio of 13.46 and a beta of 2.52. The stock’s 50 day moving average is $15.74 and its 200 day moving average is $17.47.

Ply Gem Holdings (NYSE:PGEM) last posted its quarterly earnings results on Monday, August 7th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.03). Ply Gem Holdings had a return on equity of 857.19% and a net margin of 4.45%. The business had revenue of $544.80 million for the quarter, compared to analysts’ expectations of $548.58 million. During the same period in the prior year, the business posted $0.62 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. Analysts predict that Ply Gem Holdings, Inc. will post $1.16 EPS for the current year.

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, 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.

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

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