StockNews.com Downgrades JELD-WEN (NYSE:JELD) to Sell

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

A number of other analysts also recently weighed in on JELD. Barclays decreased their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Royal Bank of Canada decreased their price objective on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a report on Wednesday. The Goldman Sachs Group decreased their price objective on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday. B. Riley decreased their price objective on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Finally, Loop Capital decreased their price objective on JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.56.

JELD-WEN Price Performance

Shares of JELD opened at $6.15 on Wednesday. The business has a 50-day simple moving average of $8.65 and a two-hundred day simple moving average of $11.81. JELD-WEN has a 12-month low of $5.79 and a 12-month high of $21.75. The stock has a market cap of $519.99 million, a PE ratio of -2.76 and a beta of 2.17. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data 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 negative net margin of 5.01% and a positive return on equity of 7.14%. The firm had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. Analysts anticipate 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 110,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were acquired at an average price of $7.65 per share, with a total value of $841,500.00. Following the completion of the transaction, the insider now owns 12,259,784 shares of the company’s stock, valued at $93,787,347.60. The trade was a 0.91 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have bought 310,000 shares of company stock valued at $2,463,500. 1.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JELD-WEN

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. PharVision Advisers LLC bought a new position in shares of JELD-WEN during the 4th quarter worth about $172,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of JELD-WEN by 17.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 216,899 shares of the company’s stock worth $1,776,000 after purchasing an additional 31,640 shares in the last quarter. Voloridge Investment Management LLC bought a new position in shares of JELD-WEN during the 4th quarter worth about $888,000. Squarepoint Ops LLC bought a new position in shares of JELD-WEN during the 4th quarter worth about $240,000. Finally, Turtle Creek Asset Management Inc. boosted its position in shares of JELD-WEN by 7.2% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock worth $121,564,000 after purchasing an additional 1,000,000 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

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.