Wells Fargo & Company MN increased its position in shares of Ply Gem Holdings, Inc. (NYSE:PGEM) by 4.8% during the third quarter, Holdings Channel reports. The firm owned 8,588 shares of the company’s stock after buying an additional 393 shares during the period. Wells Fargo & Company MN’s holdings in Ply Gem Holdings were worth $115,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the stock. Pitcairn Co. boosted 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. Essex Investment Management Co. LLC boosted its position in Ply Gem Holdings by 59.0% in the second quarter. Essex Investment Management Co. LLC now owns 107,036 shares of the company’s stock worth $1,560,000 after buying an additional 39,714 shares in the last quarter. Gargoyle Investment Advisor L.L.C. acquired a new position in Ply Gem Holdings during the second quarter worth approximately $337,000. ClariVest Asset Management LLC boosted its position in Ply Gem Holdings by 31.0% in the second quarter. ClariVest Asset Management LLC now owns 19,347 shares of the company’s stock worth $281,000 after buying an additional 4,574 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in Ply Gem Holdings by 1.1% in the second quarter. California State Teachers Retirement System now owns 46,151 shares of the company’s stock worth $672,000 after buying an additional 524 shares in the last quarter. Institutional investors and hedge funds own 29.53% of the company’s stock.
Shares of Ply Gem Holdings, Inc. (NYSE:PGEM) traded down 0.30% on Wednesday, reaching $16.85. The company had a trading volume of 43,219 shares. The company’s 50 day moving average price is $16.20 and its 200-day moving average price is $14.83. Ply Gem Holdings, Inc. has a 1-year low of $8.78 and a 1-year high of $17.05. The stock has a market capitalization of $1.15 billion, a P/E ratio of 14.78 and a beta of 2.56.
Ply Gem Holdings (NYSE:PGEM) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.08. Ply Gem Holdings had a negative return on equity of 147.73% and a net margin of 4.14%. The company had revenue of $530.40 million for the quarter, compared to analysts’ expectations of $368.14 million. During the same period in the previous year, the firm posted $0.60 EPS. Ply Gem Holdings’s revenue was down .1% compared to the same quarter last year. Equities analysts predict that Ply Gem Holdings, Inc. will post $1.29 EPS for the current year.
A number of research analysts have recently commented on the company. Stephens cut Ply Gem Holdings from an “overweight” rating to an “equal weight” rating in a research note on Friday, January 13th. Zacks Investment Research cut Ply Gem Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, January 11th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Ply Gem Holdings has an average rating of “Buy” and an average price target of $16.07.
About Ply Gem Holdings
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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