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

StockNews.com upgraded shares of JELD-WEN (NYSE:JELD) from a sell rating to a hold rating in a research note issued to investors on Thursday morning.

A number of other research analysts have also weighed in on JELD. UBS Group dropped their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Barclays dropped their price target on JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating on the stock in a report on Monday. Royal Bank of Canada dropped their price target on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a report on Wednesday, February 19th. B. Riley dropped their price target on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, Truist Financial dropped their price target on JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.06.

JELD-WEN Stock Up 1.1 %

JELD stock opened at $5.86 on Thursday. JELD-WEN has a twelve month low of $5.62 and a twelve month high of $21.75. 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 50 day moving average is $8.33 and its 200-day moving average is $11.55. The firm has a market capitalization of $496.80 million, a PE ratio of -2.63 and a beta of 2.17.

JELD-WEN (NYSE:JELD) last posted its earnings results 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). JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The company had revenue of $895.70 million during the quarter, compared to the consensus estimate of $860.82 million. Sell-side analysts expect that JELD-WEN will post 0.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director David G. Nord bought 20,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of $5.96 per share, with a total value of $119,200.00. Following the completion of the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at $238,400. This represents a 100.00 % increase in their position. The transaction 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 firm’s stock in a transaction on Monday, January 13th. The stock was purchased at an average cost of $8.46 per share, with a total value of $634,500.00. Following the completion of the transaction, the insider now directly owns 12,320,226 shares of the company’s stock, valued at approximately $104,229,111.96. The trade was a 0.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 330,000 shares of company stock valued at $2,582,700 over the last ninety days. 1.03% of the stock is currently owned by insiders.

Institutional Trading of JELD-WEN

Large investors have recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in JELD-WEN by 1,167.9% in the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after buying an additional 2,010,275 shares during the last quarter. Geode Capital Management LLC grew its position in shares of JELD-WEN by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock valued at $30,771,000 after purchasing an additional 9,468 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of JELD-WEN by 57.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock valued at $33,200,000 after purchasing an additional 764,645 shares in the last quarter. Natixis Advisors LLC grew its position in shares of JELD-WEN by 78.1% in the third quarter. Natixis Advisors LLC now owns 411,660 shares of the company’s stock valued at $6,508,000 after purchasing an additional 180,511 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of JELD-WEN in the third quarter valued at $293,000. 95.04% of the stock is owned by hedge funds and other 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.