Thrivent Financial For Lutherans Acquires New Position in Ply Gem Holdings, Inc. (PGEM)

Thrivent Financial For Lutherans acquired a new position in Ply Gem Holdings, Inc. (NYSE:PGEM) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 18,578 shares of the construction company’s stock, valued at approximately $333,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PGEM. Legal & General Group Plc boosted its stake in shares of Ply Gem Holdings by 1.0% in the first quarter. Legal & General Group Plc now owns 5,754 shares of the construction company’s stock worth $113,000 after acquiring an additional 58 shares during the period. First Quadrant L P CA bought a new position in shares of Ply Gem Holdings in the second quarter worth about $183,000. Balter Liquid Alternatives LLC bought a new position in shares of Ply Gem Holdings in the second quarter worth about $220,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Ply Gem Holdings in the second quarter worth about $250,000. Finally, American International Group Inc. boosted its stake in shares of Ply Gem Holdings by 7.1% in the first quarter. American International Group Inc. now owns 13,556 shares of the construction company’s stock worth $267,000 after acquiring an additional 901 shares during the period. 29.70% of the stock is owned by hedge funds and other institutional investors.

Shares of Ply Gem Holdings, Inc. (NYSE PGEM) opened at 16.70 on Friday. The stock’s 50 day moving average price is $16.50 and its 200 day moving average price is $17.14. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 13.18 and a beta of 2.52. Ply Gem Holdings, Inc. has a one year low of $12.85 and a one year high of $20.00.

Ply Gem Holdings (NYSE:PGEM) last posted its quarterly earnings results on Monday, August 7th. The construction company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.03). The business had revenue of $544.80 million during the quarter, compared to analyst estimates of $548.58 million. Ply Gem Holdings had a return on equity of 857.19% and a net margin of 4.45%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 EPS. Analysts forecast that Ply Gem Holdings, Inc. will post $1.19 earnings per share for the current year.

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A number of equities analysts have recently weighed in on the company. BidaskClub lowered Ply Gem Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Zacks Investment Research lowered Ply Gem Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Ply Gem Holdings in a research note on Monday, October 16th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Ply Gem Holdings in a research note on Tuesday, August 8th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $18.50.

Ply Gem Holdings Profile

Ply Gem Holdings, Inc is a manufacturer of exterior building

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PGEM. Legal & General Group Plc boosted its stake in shares of Ply Gem Holdings by 1.0% in the first quarter. Legal & General Group Plc now owns 5,754 shares of the construction company’s stock worth $113,000 after acquiring an additional 58 shares during the period. First Quadrant L P CA bought a new position in shares of Ply Gem Holdings in the second quarter worth about $183,000. Balter Liquid Alternatives LLC bought a new position in shares of Ply Gem Holdings in the second quarter worth about $220,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Ply Gem Holdings in the second quarter worth about $250,000. Finally, American International Group Inc. boosted its stake in shares of Ply Gem Holdings by 7.1% in the first quarter. American International Group Inc. now owns 13,556 shares of the construction company’s stock worth $267,000 after acquiring an additional 901 shares during the period. 29.70% of the stock is owned by hedge funds and other institutional investors.

Shares of Ply Gem Holdings, Inc. (NYSE PGEM) opened at 16.70 on Friday. The stock’s 50 day moving average price is $16.50 and its 200 day moving average price is $17.14. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 13.18 and a beta of 2.52. Ply Gem Holdings, Inc. has a one year low of $12.85 and a one year high of $20.00.

Ply Gem Holdings (NYSE:PGEM) last posted its quarterly earnings results on Monday, August 7th. The construction company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.03). The business had revenue of $544.80 million during the quarter, compared to analyst estimates of $548.58 million. Ply Gem Holdings had a return on equity of 857.19% and a net margin of 4.45%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 EPS. Analysts forecast that Ply Gem Holdings, Inc. will post $1.19 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/22/thrivent-financial-for-lutherans-acquires-new-position-in-ply-gem-holdings-inc-pgem.html.

A number of equities analysts have recently weighed in on the company. BidaskClub lowered Ply Gem Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Zacks Investment Research lowered Ply Gem Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Ply Gem Holdings in a research note on Monday, October 16th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Ply Gem Holdings in a research note on Tuesday, August 8th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $18.50.

Ply Gem Holdings 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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