Trading Report: The KeyCorp lowers the Stock rating of Ply Gem Holdings Inc. (PGEM)

The KeyCorp lowers the Stock rating of Ply Gem Holdings Inc. (PGEM)

Ply Gem Holdings Inc. (NYSE:PGEM) was downgraded by KeyCorp to an “overweight” rating in a report released on Monday, The Fly reports.

Several other brokerages have also commented on PGEM. JPMorgan Chase & Co. increased their price objective on shares of Ply Gem Holdings from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, August 9th. Credit Suisse Group AG set a $16.00 price objective on shares of Ply Gem Holdings and gave the company a “hold” rating in a research report on Monday, August 8th. Imperial Capital increased their price objective on shares of Ply Gem Holdings from $17.50 to $18.50 and gave the company an “outperform” rating in a research report on Wednesday, August 10th. Zacks Investment Research lowered shares of Ply Gem Holdings from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 12th. Finally, RBC Capital Markets assumed coverage on shares of Ply Gem Holdings in a research report on Tuesday, September 20th. They set an “outperform” rating and a $16.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $16.07.

Shares of Ply Gem Holdings (NYSE:PGEM) traded up 0.35% during trading on Monday, hitting $14.40. 108,839 shares of the company were exchanged. The firm has a market capitalization of $981.86 million, a PE ratio of 15.19 and a beta of 2.59. The firm’s 50-day moving average price is $13.73 and its 200 day moving average price is $14.48. Ply Gem Holdings has a 12 month low of $8.58 and a 12 month high of $16.09.

Ply Gem Holdings (NYSE:PGEM) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.08. The firm earned $510.50 million during the quarter, compared to analyst estimates of $531.39 million. Ply Gem Holdings had a net margin of 3.45% and a negative return on equity of 99.17%. Ply Gem Holdings’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $0.45 EPS. On average, equities research analysts expect that Ply Gem Holdings will post $1.30 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in Ply Gem Holdings by 197.7% in the second quarter. BlackRock Inc. now owns 7,091 shares of the company’s stock worth $104,000 after buying an additional 4,709 shares in the last quarter. Advisory Services Network LLC acquired a new position in Ply Gem Holdings during the third quarter worth about $134,000. American International Group Inc. raised its position in Ply Gem Holdings by 0.4% in the second quarter. American International Group Inc. now owns 12,670 shares of the company’s stock worth $185,000 after buying an additional 45 shares in the last quarter. BlackRock Advisors LLC raised its position in Ply Gem Holdings by 29.4% in the second quarter. BlackRock Advisors LLC now owns 12,910 shares of the company’s stock worth $188,000 after buying an additional 2,930 shares in the last quarter. Finally, Pitcairn Co. raised its position in Ply Gem Holdings by 1.0% in the second quarter. Pitcairn Co. now owns 13,767 shares of the company’s stock worth $200,000 after buying an additional 142 shares in the last quarter. 29.19% of the stock is owned by institutional investors.

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, the Company’s principal products include vinyl skirting, vinyl and aluminum soffit, aluminum trim coil, cellular PVC 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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