Today’s Price Action: Could Ply Gem Holdings Inc Change Direction After Today’s Big Decline?

Today's Price Action: Could Ply Gem Holdings Inc Change Direction After Today's Big Decline?

The stock of Ply Gem Holdings Inc (NYSE:PGEM) is a huge mover today! About 216,971 shares traded hands or 52.04% up from the average. Ply Gem Holdings Inc (NYSE:PGEM) has risen 28.02% since March 11, 2016 and is uptrending. It has outperformed by 22.56% the S&P500.
The move comes after 9 months negative chart setup for the $992.34M company. It was reported on Oct, 14 by Barchart.com. We have $13.49 PT which if reached, will make NYSE:PGEM worth $59.54M less.

Analysts await Ply Gem Holdings Inc (NYSE:PGEM) to report earnings on November, 14. They expect $0.68 EPS, up 13.33% or $0.08 from last year’s $0.6 per share. PGEM’s profit will be $47.02 million for 5.28 P/E if the $0.68 EPS becomes a reality. After $0.62 actual EPS reported by Ply Gem Holdings Inc for the previous quarter, Wall Street now forecasts 9.68% EPS growth.

Ply Gem Holdings Inc (NYSE:PGEM) Ratings Coverage

Out of 4 analysts covering Ply Gem Holdings (NYSE:PGEM), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Ply Gem Holdings has been the topic of 5 analyst reports since August 11, 2015 according to StockzIntelligence Inc. RBC Capital Markets initiated Ply Gem Holdings Inc (NYSE:PGEM) on Tuesday, September 20 with “Outperform” rating. The company was maintained on Tuesday, August 11 by Deutsche Bank. As per Tuesday, August 11, the company rating was maintained by Imperial Capital. JP Morgan maintained Ply Gem Holdings Inc (NYSE:PGEM) on Tuesday, August 9 with “Neutral” rating.

According to Zacks Investment Research, “Ply Gem Holdings Inc. is engaged in manufacturing and selling exterior building products primarily in the United States and Canada. Its business segment consists of: Siding, Fencing, and Stone and Windows and Doors. The Company offers vinyl siding, designer accents, cellular PVC trim, vinyl fencing, vinyl and composite railing, stone veneer and vinyl windows and doors. Its brand name include Variform(R), Napco(R), Mastic Home Exteriors(R), Cellwood(R), Kroy and Kroy Express(R), Ply Gem Stone(R), Georgia-Pacific and Durabuilt (R), Ply Gem Windows(R), Great Lakes Window(R). The company serves residential and commercial construction, manufactured housing, professional remodelling and renovation markets. Ply Gem Holdings Inc. is headquartered in Cary, North Carolina.”

Insitutional Activity: The institutional sentiment increased to 2.15 in 2016 Q2. Its up 0.15, from 2 in 2016Q1. The ratio improved, as 10 funds sold all Ply Gem Holdings Inc shares owned while 23 reduced positions. 26 funds bought stakes while 45 increased positions. They now own 19.36 million shares or 5.30% more from 18.39 million shares in 2016Q1.
First Tru Advsrs L P holds 0.01% or 119,293 shares in its portfolio. Fmr Ltd Llc holds 0% of its portfolio in Ply Gem Holdings Inc (NYSE:PGEM) for 41,200 shares. Moreover, Walleye Trading Limited Liability Corporation has 0% invested in Ply Gem Holdings Inc (NYSE:PGEM) for 4,700 shares. Kennedy Mgmt last reported 0.11% of its portfolio in the stock. Moreover, Walthausen Company Lc has 1.4% invested in Ply Gem Holdings Inc (NYSE:PGEM) for 927,409 shares. Ubs Asset Mngmt Americas accumulated 0% or 13,742 shares. Argent Capital Management accumulated 88,300 shares or 0.06% of the stock. Rhumbline Advisers last reported 21,804 shares in the company. 1St Global Advisors Inc has 0.04% invested in the company for 18,622 shares. Gotham Asset Management holds 0% or 24,785 shares in its portfolio. American Gp Inc last reported 0% of its portfolio in the stock. American Century holds 0% of its portfolio in Ply Gem Holdings Inc (NYSE:PGEM) for 96,083 shares. Chesapeake Asset Mgmt has invested 0.21% of its portfolio in Ply Gem Holdings Inc (NYSE:PGEM). Paradigm Cap Ny last reported 1.5% of its portfolio in the stock. Clarivest Asset Lc holds 0.01% of its portfolio in Ply Gem Holdings Inc (NYSE:PGEM) for 19,347 shares.

More recent Ply Gem Holdings Inc (NYSE:PGEM) news were published by: Valuewalk.com which released: “Long Idea: Ply Gem Holdings Inc (PGEM)” on September 23, 2016. Also Reuters.com published the news titled: “BRIEF-Ply Gem Holdings files for mixed shelf of up to $200 mln” on August 17, 2016. Seekingalpha.com‘s news article titled: “Ply Gem Holdings (PGEM) Gary E. Robinette on Q1 2016 Results – Earnings Call …” with publication date: May 10, 2016 was also an interesting one.

PGEM Company Profile

Ply Gem Holdings, Inc., incorporated on January 23, 2004, is a maker of exterior building products in North America. The Firm operates through two divisions: Siding, Fencing, and Stone, and Windows and Doors. Through these divisions, Ply Gem Industries, Inc. (Ply Gem Industries) makes and sells, in the United States and Canada, a range of products for the residential and commercial construction, manufactured housing, and remodeling and renovation markets.

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