Alliancebernstein L.P. decreased its holdings in shares of Ply Gem Holdings, Inc. (NYSE:PGEM) by 17.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 162,790 shares of the construction company’s stock after selling 33,260 shares during the period. Alliancebernstein L.P. owned 0.24% of Ply Gem Holdings worth $2,922,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Legal & General Group Plc increased its position in Ply Gem Holdings 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 purchasing an additional 58 shares during the period. First Quadrant L P CA purchased a new position in Ply Gem Holdings during the 2nd quarter valued at about $183,000. Balter Liquid Alternatives LLC purchased a new position in Ply Gem Holdings during the 2nd quarter valued at about $220,000. American International Group Inc. increased its position in Ply Gem Holdings by 7.1% during the 1st quarter. American International Group Inc. now owns 13,556 shares of the construction company’s stock valued at $267,000 after purchasing an additional 901 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Ply Gem Holdings during the 2nd quarter valued at about $250,000. 29.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ply Gem Holdings, Inc. (NYSE PGEM) opened at 16.95 on Wednesday. The company has a market capitalization of $1.16 billion, a PE ratio of 13.38 and a beta of 2.52. The stock has a 50 day moving average of $16.15 and a 200-day moving average of $17.26. Ply Gem Holdings, Inc. has a 12-month low of $12.85 and a 12-month high of $20.00.
Ply Gem Holdings (NYSE:PGEM) last released its earnings results on Monday, August 7th. The construction company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $544.80 million for the quarter, compared to analysts’ expectations of $548.58 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts predict that Ply Gem Holdings, Inc. will post $1.19 earnings per share for the current fiscal year.
A number of research firms have commented on PGEM. BidaskClub downgraded shares of Ply Gem Holdings from a “hold” rating to a “sell” rating in a research report on Sunday, August 20th. Zacks Investment Research downgraded shares of Ply Gem Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a $19.00 target price (down previously 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, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.50.
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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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