JELD-WEN Holding, Inc. (NYSE:JELD) Director Steven E. Wynne Buys 10,000 Shares

JELD-WEN Holding, Inc. (NYSE:JELD) Director Steven E. Wynne bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of $6.01 per share, for a total transaction of $60,100.00. Following the completion of the purchase, the director now owns 28,000 shares of the company’s stock, valued at $168,280. This trade represents a 55.56 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

JELD-WEN Stock Performance

Shares of JELD-WEN stock opened at $5.49 on Friday. The stock has a market cap of $465.83 million, a price-to-earnings ratio of -2.46 and a beta of 2.17. The firm’s 50-day moving average is $8.22 and its 200 day moving average is $11.46. JELD-WEN Holding, Inc. has a 1 year low of $5.49 and a 1 year high of $21.75. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). The firm 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 EPS for the current fiscal year.

Hedge Funds Weigh In On JELD-WEN

A number of hedge funds have recently bought and sold shares of the company. Performa Ltd US LLC raised its position in JELD-WEN by 1,580.0% in the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after buying an additional 3,950 shares during the last quarter. Blue Trust Inc. raised its position in JELD-WEN by 79.8% in the 3rd 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. Quarry LP purchased a new position in JELD-WEN in the 4th quarter worth about $46,000. US Bancorp DE raised 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 worth $80,000 after buying an additional 7,025 shares during the last quarter. Finally, Brevan Howard Capital Management LP purchased a new position in JELD-WEN in the 4th quarter worth about $83,000. Institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JELD. Loop Capital cut their price target 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. B. Riley dropped their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Truist Financial dropped their target price on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Royal Bank of Canada dropped their target price on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a report on Wednesday, February 19th. Finally, Barclays dropped their target price on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating on the stock in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, JELD-WEN has an average rating of “Hold” and a consensus target price of $9.06.

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.