Argent Capital Management LLC Lowers Stake in Ply Gem Holdings, Inc. (PGEM)

Argent Capital Management LLC reduced its position in Ply Gem Holdings, Inc. (NYSE:PGEM) by 34.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 81,200 shares of the construction company’s stock after selling 43,000 shares during the period. Argent Capital Management LLC owned 0.12% of Ply Gem Holdings worth $1,458,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PGEM. Renaissance Technologies LLC increased its stake in shares of Ply Gem Holdings by 50.0% in the 1st 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 period. Principal Financial Group Inc. acquired a new stake in shares of Ply Gem Holdings in the 2nd quarter valued at $3,602,000. Driehaus Capital Management LLC acquired a new stake in shares of Ply Gem Holdings in the 1st quarter valued at $3,480,000. Paradigm Capital Management Inc. NY increased its stake in shares of Ply Gem Holdings by 20.2% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 961,681 shares of the construction company’s stock valued at $17,262,000 after buying an additional 161,281 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Ply Gem Holdings by 7.6% in the 1st 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 period. 29.70% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Argent Capital Management LLC Lowers Stake in Ply Gem Holdings, Inc. (PGEM)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/10/argent-capital-management-llc-lowers-stake-in-ply-gem-holdings-inc-pgem.html.

Several research firms have recently commented on PGEM. Zacks Investment Research cut Ply Gem Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. BidaskClub raised Ply Gem Holdings from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $19.00 price objective (down from $20.00) on shares of Ply Gem Holdings in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $20.50.

Shares of Ply Gem Holdings, Inc. (NYSE PGEM) remained flat at $16.85 during midday trading on Tuesday. The company’s stock had a trading volume of 7,242 shares. The stock has a market capitalization of $1.15 billion, a PE ratio of 13.30 and a beta of 2.52. The stock has a 50 day moving average price of $16.09 and a 200-day moving average price of $17.28. Ply Gem Holdings, Inc. has a 1-year low of $12.85 and a 1-year high of $20.00.

Ply Gem Holdings (NYSE:PGEM) last posted its quarterly earnings data on Monday, August 7th. The construction company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.03). The company had revenue of $544.80 million during the quarter, compared to analyst estimates of $548.58 million. Ply Gem Holdings had a net margin of 4.45% and a return on equity of 857.19%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.62 earnings per share. On average, equities research analysts expect that Ply Gem Holdings, Inc. will post $1.16 EPS for the cu

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PGEM. Renaissance Technologies LLC increased its stake in shares of Ply Gem Holdings by 50.0% in the 1st 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 period. Principal Financial Group Inc. acquired a new stake in shares of Ply Gem Holdings in the 2nd quarter valued at $3,602,000. Driehaus Capital Management LLC acquired a new stake in shares of Ply Gem Holdings in the 1st quarter valued at $3,480,000. Paradigm Capital Management Inc. NY increased its stake in shares of Ply Gem Holdings by 20.2% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 961,681 shares of the construction company’s stock valued at $17,262,000 after buying an additional 161,281 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Ply Gem Holdings by 7.6% in the 1st 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 period. 29.70% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Argent Capital Management LLC Lowers Stake in Ply Gem Holdings, Inc. (PGEM)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/10/argent-capital-management-llc-lowers-stake-in-ply-gem-holdings-inc-pgem.html.

Several research firms have recently commented on PGEM. Zacks Investment Research cut Ply Gem Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. BidaskClub raised Ply Gem Holdings from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $19.00 price objective (down from $20.00) on shares of Ply Gem Holdings in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $20.50.

Shares of Ply Gem Holdings, Inc. (NYSE PGEM) remained flat at $16.85 during midday trading on Tuesday. The company’s stock had a trading volume of 7,242 shares. The stock has a market capitalization of $1.15 billion, a PE ratio of 13.30 and a beta of 2.52. The stock has a 50 day moving average price of $16.09 and a 200-day moving average price of $17.28. Ply Gem Holdings, Inc. has a 1-year low of $12.85 and a 1-year high of $20.00.

Ply Gem Holdings (NYSE:PGEM) last posted its quarterly earnings data on Monday, August 7th. The construction company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.03). The company had revenue of $544.80 million during the quarter, compared to analyst estimates of $548.58 million. Ply Gem Holdings had a net margin of 4.45% and a return on equity of 857.19%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.62 earnings per share. On average, equities research analysts expect that Ply Gem Holdings, Inc. will post $1.16 EPS for the current fiscal year.

Ply Gem Holdings Company Profile

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.

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

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