JELD-WEN (NYSE:JELD) Upgraded at StockNews.com

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

Several other brokerages also recently commented on JELD. 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. Truist Financial dropped their price target on JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. UBS Group lowered their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. The Goldman Sachs Group lowered their price objective on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Finally, B. Riley lowered their price objective on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.06.

JELD-WEN Price Performance

NYSE JELD opened at $5.79 on Thursday. 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 has a market capitalization of $491.28 million, a PE ratio of -2.60 and a beta of 2.17. The company has a 50 day moving average price of $8.33 and a two-hundred day moving average price of $11.55. JELD-WEN has a 12-month low of $5.62 and a 12-month high of $21.75.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data 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 business had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. As a group, equities analysts predict that JELD-WEN will post 0.88 earnings per share for the current fiscal year.

Insider Activity at JELD-WEN

In related news, Director David G. Nord purchased 20,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 40,000 shares of the company’s stock, valued at $238,400. This represents a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Turtle Creek Asset Management bought 125,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were acquired at an average cost of $7.90 per share, with a total value of $987,500.00. Following the completion of the transaction, the insider now owns 12,042,190 shares in the company, valued at approximately $95,133,301. The trade was a 1.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 330,000 shares of company stock worth $2,582,700 over the last ninety days. Insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JELD. Victory Capital Management Inc. raised its holdings in shares of JELD-WEN by 1,167.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after buying an additional 2,010,275 shares in the last quarter. Geode Capital Management LLC boosted its holdings in JELD-WEN by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock worth $30,771,000 after acquiring an additional 9,468 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in JELD-WEN by 57.3% during 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 acquiring an additional 764,645 shares during the last quarter. Natixis Advisors LLC increased its position in JELD-WEN by 78.1% in the third quarter. Natixis Advisors LLC now owns 411,660 shares of the company’s stock worth $6,508,000 after buying an additional 180,511 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in JELD-WEN in the third quarter worth about $293,000. 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.