JELD-WEN (NYSE:JELD) Cut to “Sell” at StockNews.com

JELD-WEN (NYSE:JELD) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Several other equities research analysts have also issued reports on JELD. The Goldman Sachs Group decreased their price target on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday. Barclays decreased their price target on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Royal Bank of Canada cut their price objective on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a report on Wednesday. Truist Financial cut their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday. Finally, UBS Group cut their price objective on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $9.56.

JELD-WEN Trading Up 4.0 %

NYSE:JELD opened at $6.15 on Wednesday. The firm has a 50-day moving average price of $8.65 and a two-hundred day moving average price of $11.81. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. JELD-WEN has a 52 week low of $5.79 and a 52 week high of $21.75. The firm has a market cap of $519.99 million, a price-to-earnings ratio of -2.76 and a beta of 2.17.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.20). JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The company had revenue of $895.70 million for the quarter, compared to analysts’ expectations of $860.82 million. On average, equities analysts expect that JELD-WEN will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management purchased 125,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was purchased at an average cost of $7.90 per share, with a total value of $987,500.00. Following the acquisition, the insider now directly owns 12,042,190 shares in the company, valued at approximately $95,133,301. This trade represents a 1.05 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought a total of 310,000 shares of company stock valued at $2,463,500 in the last three months. Company insiders own 1.03% of the company’s stock.

Institutional Trading of JELD-WEN

Hedge funds have recently made changes to their positions in the stock. Performa Ltd US LLC lifted its holdings in shares of JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after acquiring an additional 3,950 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after acquiring an additional 1,284 shares during the last quarter. Quarry LP bought a new stake in shares of JELD-WEN during the 4th quarter worth $46,000. US Bancorp DE lifted its holdings in shares of JELD-WEN by 257.6% during the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after acquiring an additional 7,025 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in shares of JELD-WEN during the 4th quarter worth $83,000. 95.04% of the stock is owned by institutional investors.

About JELD-WEN

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.