Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Ply Gem by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,091,632 shares of the construction company’s stock worth $18,612,000 after purchasing an additional 36,481 shares during the period. Alambic Investment Management L.P. lifted its position in Ply Gem by 569.6% in the fourth quarter. Alambic Investment Management L.P. now owns 169,871 shares of the construction company’s stock worth $3,143,000 after purchasing an additional 144,502 shares during the period. Employees Retirement System of Texas lifted its position in Ply Gem by 31.5% in the fourth quarter. Employees Retirement System of Texas now owns 117,000 shares of the construction company’s stock worth $2,165,000 after purchasing an additional 28,000 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Ply Gem by 29.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 350,175 shares of the construction company’s stock worth $6,479,000 after purchasing an additional 79,982 shares during the period. Finally, Algert Global LLC lifted its holdings in shares of Ply Gem by 49.4% during the fourth quarter. Algert Global LLC now owns 143,979 shares of the construction company’s stock valued at $2,664,000 after acquiring an additional 47,594 shares during the period. 29.34% of the stock is owned by hedge funds and other institutional investors.
Metropolitan Life Insurance Co. NY reduced its position in Ply Gem (NYSE:PGEM) by 75.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,167 shares of the construction company’s stock after selling 24,939 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Ply Gem were worth $151,000 at the end of the most recent quarter.
Shares of NYSE PGEM opened at $21.65 on Tuesday. The firm has a market cap of $1,484.25, a price-to-earnings ratio of 22.09 and a beta of 2.36. Ply Gem has a 52-week low of $14.55 and a 52-week high of $22.20. The company has a debt-to-equity ratio of 10.08, a current ratio of 1.72 and a quick ratio of 1.12.
Ply Gem (NYSE:PGEM) last issued its quarterly earnings data on Monday, March 5th. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.02). The company had revenue of $516.86 million for the quarter, compared to the consensus estimate of $494.93 million. Ply Gem had a net margin of 3.32% and a return on equity of 144.46%. sell-side analysts predict that Ply Gem will post 1.49 earnings per share for the current year.
In other Ply Gem news, insider John L. Buckley sold 32,725 shares of Ply Gem stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $22.00, for a total transaction of $719,950.00. Following the completion of the transaction, the insider now directly owns 32,724 shares of the company’s stock, valued at $719,928. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 68.90% of the stock is currently owned by company insiders.
PGEM has been the subject of a number of analyst reports. Zacks Investment Research raised Ply Gem from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 31st. ValuEngine raised Ply Gem from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada set a $23.00 price objective on Ply Gem and gave the company a “buy” rating in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $22.00.
About Ply Gem
Ply Gem Holdings, Inc manufactures and sells residential and commercial building products in the United States and Canada. It operates in two segments: Siding, Fencing, and Stone; and Windows and Doors. The Siding, Fencing, and Stone segment offers vinyl siding and skirting, steel siding, vinyl and aluminum soffit, aluminum trim and gutter coil, fabricated aluminum gutter, aluminum and steel roofing accessory, cellular polyvinyl chloride trim and moulding, J-channel, wide crown molding, window and door trim, F-channel, H-mold, fascia, undersill trim, outside/inside corner post, rain removal system, vinyl fence and railing, engineered slate and cedar shake roofing, and stone veneer products.
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