JELD-WEN (NYSE:JELD) Raised to Hold at StockNews.com

JELD-WEN (NYSE:JELD) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Other equities analysts have also issued research reports about the company. UBS Group lowered their price target on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. B. Riley lowered their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Loop Capital cut their price objective on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Royal Bank of Canada cut their target price on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 19th. Finally, The Goldman Sachs Group decreased their target price on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, JELD-WEN has a consensus rating of “Hold” and a consensus target price of $9.06.

JELD-WEN Stock Down 1.7 %

JELD-WEN stock opened at $5.79 on Thursday. The company has a market cap of $491.28 million, a PE ratio of -2.60 and a beta of 2.17. The business’s 50-day simple moving average is $8.33 and its two-hundred day simple moving average is $11.55. 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 fifty-two week low of $5.62 and a fifty-two week high of $21.75.

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

Insiders Place Their Bets

In other news, Director David G. Nord acquired 20,000 shares of JELD-WEN stock in a transaction on Monday, February 24th. The stock was bought at an average price of $5.96 per share, for a total transaction of $119,200.00. Following the transaction, the director now owns 40,000 shares of the company’s stock, valued at $238,400. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Turtle Creek Asset Management bought 75,000 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was bought at an average cost of $8.46 per share, with a total value of $634,500.00. Following the completion of the acquisition, the insider now owns 12,320,226 shares in the company, valued at $104,229,111.96. This represents a 0.61 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 330,000 shares of company stock worth $2,582,700 in the last quarter. 1.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JELD. Blue Trust Inc. increased its position in JELD-WEN by 79.8% during the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after buying an additional 1,284 shares during the last quarter. Performa Ltd US LLC boosted its position in JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after acquiring an additional 3,950 shares during the last quarter. Quarry LP bought a new position in shares of JELD-WEN during the 4th quarter worth about $46,000. US Bancorp DE lifted its position in JELD-WEN by 257.6% in the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after acquiring an additional 7,025 shares in the last quarter. Finally, MQS Management LLC purchased a new stake in JELD-WEN in the 3rd quarter valued at about $160,000. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Company Profile

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.