Ply Gem Holdings Inc (PGEM) is Downgraded by KeyBanc Capital Mkts to Sector Weight

Ply Gem Holdings Inc (PGEM) was Downgraded by KeyBanc Capital Mkts to ” Sector Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. KeyBanc Capital Mkts advised their investors in a research report released on Oct 18, 2016.

Many Wall Street Analysts have commented on Ply Gem Holdings Inc. RBC Capital Mkts Initiated Ply Gem Holdings Inc on Sep 20, 2016 to “Outperform”, Price Target of the shares are set at $16.Company shares were Reiterated by Imperial Capital on Aug 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 18.50 from a previous price target of $17.50 .

On the company’s financial health, Ply Gem Holdings Inc reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.56. The company had revenue of $510.50 million for the quarter, compared to analysts expectations of $533.16 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.

Ply Gem Holdings Inc opened for trading at $14.35 and hit $14.4 on the upside on Friday, eventually ending the session at $14.35, with a gain of 0.35% or 0.05 points. The heightened volatility saw the trading volume jump to 2,90,832 shares. Company has a market cap of $978 M.

In a different news, on Apr 14, 2016, David N Schmoll (SVP, Human Resources) sold 32,472 shares at $15.35 per share price. According to the SEC, on Apr 14, 2016, John Wayne (EVP, Chief Operating Officer) sold 58,679 shares at $15.04 per share price.

Ply Gem Holdings Inc. manufactures exterior building products in North America. The Company operates in two segments: Siding Fencing and Stone and Windows and Doors. The Siding Fencing and Stone segment offers vinyl siding and skirting vinyl and aluminum soffit aluminum trim coil cellular polyvinyl chloride trim and moldings J- channels F-channels wide crown molding window and door trim H-molds fascia undersill trims outside and inside corner posts rain removal systems and injection molded designer accents under the brands Variform Napco Mastic Home Exteriors Mitten Procanna (Canada only) Cellwood Ply Gem Trim Mouldings Ply Gem Leaf Relief Leaf Relief Snap Tight Leaf Smart and Leaf Logic. The Windows and Doors segment offers vinyl aluminum-clad vinyl aluminum wood and clad-wood windows and patio doors and steel wood and fiberglass entry doors under the Ply Gem Windows Simonton Windows Great Lakes Window Mastic by Ply Gem and Ply Gem Canada brands.

Ply Gem Holdings Inc

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