Principal Financial Group Inc. Grows Stake in Ply Gem Holdings, Inc. (PGEM)
Principal Financial Group Inc. grew its holdings in shares of Ply Gem Holdings, Inc. (NYSE:PGEM) by 2.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 205,608 shares of the construction company’s stock after purchasing an additional 4,921 shares during the quarter. Principal Financial Group Inc. owned approximately 0.30% of Ply Gem worth $3,506,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in PGEM. Legal & General Group Plc grew its stake in shares of Ply Gem by 1.0% during the 1st quarter. Legal & General Group Plc now owns 5,754 shares of the construction company’s stock valued at $113,000 after acquiring an additional 58 shares during the period. Parametrica Management Ltd bought a new position in shares of Ply Gem during the 3rd quarter valued at approximately $196,000. Balter Liquid Alternatives LLC bought a new position in shares of Ply Gem during the 2nd quarter valued at approximately $220,000. Wells Fargo & Company MN grew its stake in shares of Ply Gem by 1.9% during the 2nd quarter. Wells Fargo & Company MN now owns 15,890 shares of the construction company’s stock valued at $285,000 after acquiring an additional 293 shares during the period. Finally, Thrivent Financial For Lutherans bought a new position in Ply Gem in the 2nd quarter worth approximately $333,000. 29.22% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have weighed in on the company. BidaskClub upgraded Ply Gem from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded Ply Gem from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. KeyCorp restated a “hold” rating on shares of Ply Gem in a research note on Tuesday, October 24th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $20.00 price target on shares of Ply Gem in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $19.50.
Ply Gem Holdings, Inc. (NYSE:PGEM) traded up $0.10 during mid-day trading on Monday, reaching $18.15. The company’s stock had a trading volume of 53,600 shares, compared to its average volume of 164,690. Ply Gem Holdings, Inc. has a 1-year low of $14.55 and a 1-year high of $20.00. The company has a quick ratio of 1.28, a current ratio of 1.92 and a debt-to-equity ratio of 13.73. The company has a market cap of $1,242.71, a P/E ratio of 19.10 and a beta of 2.51.
Ply Gem (NYSE:PGEM) last issued its quarterly earnings data on Monday, November 6th. The construction company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.04). The firm had revenue of $564.66 million for the quarter, compared to analysts’ expectations of $563.96 million. Ply Gem had a return on equity of 240.74% and a net margin of 3.02%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $0.75 earnings per share. equities analysts predict that Ply Gem Holdings, Inc. will post 1.06 EPS for the current fiscal year.
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About Ply Gem
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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