Schwab Charles Investment Management Inc. boosted its position in Ply Gem Holdings, Inc. (NYSE:PGEM) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 265,735 shares of the construction company’s stock after buying an additional 3,933 shares during the period. Schwab Charles Investment Management Inc. owned about 0.39% of Ply Gem Holdings worth $5,235,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of PGEM. Pzena Investment Management LLC boosted its stake in shares of Ply Gem Holdings by 427.4% in the first quarter. Pzena Investment Management LLC now owns 947,914 shares of the construction company’s stock valued at $18,674,000 after buying an additional 768,177 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Ply Gem Holdings by 50.0% in the first quarter. Renaissance Technologies LLC now owns 1,237,900 shares of the construction company’s stock valued at $24,387,000 after buying an additional 412,500 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Ply Gem Holdings by 7.6% in the first quarter. Vanguard Group Inc. now owns 2,080,933 shares of the construction company’s stock valued at $40,993,000 after buying an additional 146,869 shares during the last quarter. James Investment Research Inc. bought a new stake in shares of Ply Gem Holdings during the first quarter valued at $2,143,000. Finally, Bogle Investment Management L P DE bought a new stake in shares of Ply Gem Holdings during the first quarter valued at $1,352,000. Institutional investors own 29.75% of the company’s stock.
Shares of Ply Gem Holdings, Inc. (NYSE PGEM) opened at 14.95 on Friday. The firm has a market capitalization of $1.02 billion, a P/E ratio of 11.80 and a beta of 2.48. Ply Gem Holdings, Inc. has a 12 month low of $12.85 and a 12 month high of $20.00. The firm’s 50-day moving average price is $16.96 and its 200 day moving average price is $17.75.
Ply Gem Holdings (NYSE:PGEM) last announced its earnings results on Monday, August 7th. The construction company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $544.80 million during the quarter, compared to analysts’ expectations of $548.58 million. During the same period in the previous year, the company posted $0.62 earnings per share. Ply Gem Holdings’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts anticipate that Ply Gem Holdings, Inc. will post $1.16 earnings per share for the current fiscal year.
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PGEM has been the topic of several analyst reports. Zacks Investment Research raised Ply Gem Holdings from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Wednesday, May 17th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $22.00 target price on shares of Ply Gem Holdings in a research note on Monday, May 15th. BidaskClub raised Ply Gem Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $19.00 target price (down previously from $20.00) on shares of Ply Gem Holdings in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Ply Gem Holdings presently has an average rating of “Hold” and an average target price of $20.33.
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, 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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