Ply Gem Receives a Buy from RBC Capital

By Austin Angelo

RBC Capital analyst Robert Wetenhall reiterated a Buy rating on Ply Gem (NYSE: PGEM) today and set a price target of $22. The company’s shares opened today at $17.30.

According to TipRanks.com, Wetenhall is a top 25 analyst with an average return of 13.5% and a 80.1% success rate. Wetenhall covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Installed Building Products, and Masonite International.

Ply Gem has an analyst consensus of Moderate Buy, with a price target consensus of $22.

The company has a one year high of $20 and a one year low of $12.85. Currently, Ply Gem has an average volume of 155.2K.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock.

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Ply Gem Holdings, Inc. manufactures exterior building products in North America. It operates through the Siding, Fencing, and Stone, and Windows and Doors segments. The Siding, Fencing and Stone segment primarily offers vinyl siding and skirting, vinyl and aluminum soffit, aluminum trim coil, cellular PVC trims and mouldings, J-channels, wide crown moldings, window and door trims, F-channels, H-molds, fascia, undersill trims, outside/inside corner posts, rain removal systems, vinyl fence, vinyl and composite railing, and stone veneer products, as well as injection molded designer accents, such as shakes, shingles, scallops, shutters, vents, and mounts. The Windows and Doors segment provides vinyl, aluminum-clad vinyl, aluminum, wood, and clad-wood windows and patio doors, as well as steel, wood, and fiberglass entry doors under the Ply Gem Windows, Simonton Windows, Great Lakes Window, Mastic by Ply Gem, and Ply Gem Canada brand names. The company was founded on January 23, 2004 and is headquartered in Cary, NC.