Ply Gem (PGEM) Stake Increased by Two Sigma Advisers LP

Two Sigma Advisers LP grew its stake in shares of Ply Gem (NYSE:PGEM) by 18.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,700 shares of the construction company’s stock after purchasing an additional 19,200 shares during the quarter. Two Sigma Advisers LP owned approximately 0.18% of Ply Gem worth $2,288,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of PGEM. Principal Financial Group Inc. boosted its stake in shares of Ply Gem by 2.5% during the third quarter. Principal Financial Group Inc. now owns 205,608 shares of the construction company’s stock valued at $3,506,000 after purchasing an additional 4,921 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Ply Gem by 77.1% during the third quarter. Wells Fargo & Company MN now owns 28,134 shares of the construction company’s stock valued at $480,000 after purchasing an additional 12,244 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Ply Gem by 1.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 270,193 shares of the construction company’s stock valued at $4,607,000 after purchasing an additional 4,021 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Ply Gem by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,091,632 shares of the construction company’s stock valued at $18,612,000 after purchasing an additional 36,481 shares during the period. Finally, Allianz Asset Management GmbH purchased a new stake in shares of Ply Gem during the third quarter valued at $710,000. 29.34% of the stock is owned by hedge funds and other institutional investors.

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PGEM stock opened at $21.65 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.72 and a debt-to-equity ratio of 10.08. The stock has a market capitalization of $1,480.82, a P/E ratio of 22.09 and a beta of 2.36. Ply Gem has a 1-year low of $14.55 and a 1-year high of $22.20.

Ply Gem (NYSE:PGEM) last released its quarterly earnings data on Monday, March 5th. The construction company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). The firm had revenue of $516.86 million during 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 anticipate that Ply Gem will post 1.49 EPS for the current fiscal year.

A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Ply Gem from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Royal Bank of Canada lowered shares of Ply Gem from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 21st. Finally, ValuEngine raised shares of Ply Gem from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $22.00.

In related news, insider John L. Buckley sold 32,725 shares of Ply Gem stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $22.00, for a total value of $719,950.00. Following the completion of the sale, the insider now directly owns 32,724 shares in the company, valued at $719,928. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 68.90% of the company’s stock.

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Ply Gem Profile

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.

Institutional Ownership by Quarter for Ply Gem (NYSE:PGEM)

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