The stock of Ply Gem Holdings Inc (NYSE:PGEM) is a huge mover today! The stock increased 4.22% or $0.65 on November 22, hitting $16.05. About 334,841 shares traded hands or 102.21% up from the average. Ply Gem Holdings Inc (NYSE:PGEM) has declined 0.77% since April 20, 2016 and is downtrending. It has underperformed by 5.33% the S&P500.
The move comes after 9 months positive chart setup for the $1.12B company. It was reported on Nov, 22 by Barchart.com. We have $17.01 PT which if reached, will make NYSE:PGEM worth $67.20 million more.
Ply Gem Holdings Inc (NYSE:PGEM) Ratings Coverage
Out of 5 analysts covering Ply Gem Holdings (NYSE:PGEM), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Ply Gem Holdings has been the topic of 6 analyst reports since August 11, 2015 according to StockzIntelligence Inc. On Tuesday, October 18 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. The company was maintained on Tuesday, August 11 by Imperial Capital. The firm earned “Buy” rating on Tuesday, August 11 by Deutsche Bank. JP Morgan maintained Ply Gem Holdings Inc (NYSE:PGEM) rating on Tuesday, August 9. JP Morgan has “Neutral” rating and $17 price target. The firm earned “Outperform” rating on Tuesday, September 20 by RBC Capital Markets.
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 decreased to 1.95 in Q2 2016. Its down 0.20, from 2.15 in 2016Q1. The ratio worsened, 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.
Wells Fargo & Com Mn last reported 0% of its portfolio in the stock. D E Shaw And Co Inc owns 90,057 shares or 0% of their US portfolio. Moreover, Millennium Limited Liability Company has 0.01% invested in Ply Gem Holdings Inc (NYSE:PGEM) for 226,438 shares. Kdi Cap Partners Limited Co accumulated 1.17% or 252,461 shares. Menta Capital Lc owns 38,060 shares or 0.08% of their US portfolio. Campbell Investment Adviser Ltd has 14,281 shares for 1.05% of their US portfolio. Amer Interest Group accumulated 0% or 12,670 shares. The New York-based Teachers Advsrs has invested 0% in Ply Gem Holdings Inc (NYSE:PGEM). Teacher Retirement Systems Of Texas last reported 3,327 shares in the company. Highbridge Limited Liability has invested 0% of its portfolio in Ply Gem Holdings Inc (NYSE:PGEM). Blackrock Grp has 0% invested in the company for 30,056 shares. Chesapeake Asset Mngmt Ltd Co has invested 0.21% of its portfolio in Ply Gem Holdings Inc (NYSE:PGEM). Tower Research Ltd Liability Corporation (Trc) reported 616 shares or 0% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Ply Gem Holdings Inc (NYSE:PGEM). The Illinois-based Driehaus Limited Com has invested 0.13% in Ply Gem Holdings Inc (NYSE:PGEM).
More news for Ply Gem Holdings Inc (NYSE:PGEM) were recently published by: Businesswire.com, which released: “Ply Gem Holdings, Inc. to Announce Third Quarter 2016 Results” on August 08, 2016. Reuters.com‘s article titled: “BRIEF-Ply Gem Holdings files for mixed shelf of up to $200 mln” and published on August 17, 2016 is yet another important article.
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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