JELD-WEN (NYSE:JELD) Shares Gap Up Following Insider Buying Activity

JELD-WEN Holding, Inc. (NYSE:JELD) shares gapped up before the market opened on Wednesday after an insider bought additional shares in the company. The stock had previously closed at $6.07, but opened at $6.20. JELD-WEN shares last traded at $6.22, with a volume of 106,781 shares trading hands.

Specifically, major shareholder Turtle Creek Asset Management bought 70,000 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were acquired at an average cost of $5.97 per share, for a total transaction of $417,900.00. Following the purchase, the insider now directly owns 12,485,051 shares of the company’s stock, valued at $74,535,754.47. The trade was a 0.56 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. UBS Group decreased their price objective on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Truist Financial lowered their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. Barclays cut their target price on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating for the company in a research report on Monday, February 24th. StockNews.com cut JELD-WEN from a “hold” rating to a “sell” rating in a report on Friday, March 7th. Finally, 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 research note on Wednesday, February 19th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9.06.

JELD-WEN Trading Up 2.5 %

The company has a market capitalization of $534.82 million, a PE ratio of -2.81 and a beta of 2.22. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The stock’s fifty day moving average price is $7.36 and its two-hundred day moving average price is $10.40.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). The business had revenue of $895.70 million during the quarter, compared to the consensus estimate of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. Sell-side analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in JELD. Diversified Trust Co boosted its stake in shares of JELD-WEN by 8.8% during the 4th quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock valued at $226,000 after purchasing an additional 2,242 shares in the last quarter. MetLife Investment Management LLC boosted its position in JELD-WEN by 6.3% during the 4th quarter. MetLife Investment Management LLC now owns 51,911 shares of the company’s stock valued at $425,000 after acquiring an additional 3,066 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of JELD-WEN by 10.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock worth $573,000 after acquiring an additional 3,383 shares during the period. Performa Ltd US LLC lifted its stake in shares of JELD-WEN by 1,580.0% in the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after purchasing an additional 3,950 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in JELD-WEN by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 50,261 shares of the company’s stock worth $412,000 after purchasing an additional 4,944 shares during the period. 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.