American International Group Inc. boosted its position in shares of Ply Gem Holdings, Inc. (NYSE:PGEM) by 7.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 13,556 shares of the construction company’s stock after buying an additional 901 shares during the period. American International Group Inc.’s holdings in Ply Gem Holdings were worth $267,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in PGEM. Russell Investments Group Ltd. purchased a new stake in shares of Ply Gem Holdings during the fourth quarter worth about $380,000. James Investment Research Inc. purchased a new stake in shares of Ply Gem Holdings during the first quarter worth about $2,143,000. Advisory Services Network LLC purchased a new stake in shares of Ply Gem Holdings during the first quarter worth about $333,000. First Trust Advisors LP boosted its stake in shares of Ply Gem Holdings by 209.8% in the first quarter. First Trust Advisors LP now owns 100,493 shares of the construction company’s stock worth $1,980,000 after buying an additional 68,050 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Ply Gem Holdings by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 953,413 shares of the construction company’s stock worth $15,493,000 after buying an additional 67,281 shares during the period. 29.75% of the stock is owned by hedge funds and other institutional investors.
Ply Gem Holdings, Inc. (NYSE:PGEM) traded up 0.34% during mid-day trading on Friday, reaching $14.95. The company’s stock had a trading volume of 162,786 shares. Ply Gem Holdings, Inc. has a 12 month low of $12.85 and a 12 month high of $20.00. The stock’s 50-day moving average is $16.96 and its 200-day moving average is $17.75. The firm has a market capitalization of $1.02 billion, a PE ratio of 11.80 and a beta of 2.48.
Ply Gem Holdings (NYSE:PGEM) last issued its earnings results on Monday, August 7th. The construction company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $544.80 million during the quarter, compared to analyst estimates of $548.58 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. On average, equities analysts anticipate that Ply Gem Holdings, Inc. will post $1.16 EPS for the current year.
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PGEM has been the subject of a number of research analyst reports. Zacks Investment Research cut Ply Gem Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. BidaskClub raised Ply Gem Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Royal Bank Of Canada reissued a “buy” rating and issued a $22.00 target price on shares of Ply Gem Holdings in a research report on Monday, May 15th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $19.00 target price (down from $20.00) on shares of Ply Gem Holdings in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.33.
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.
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