JELD-WEN (NYSE:JELD) Rating Lowered to Sell at StockNews.com

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

Several other research firms also recently weighed in on JELD. UBS Group reduced their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Royal Bank of Canada lowered their price objective on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 19th. Truist Financial reduced their price objective 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. Barclays dropped their target price on JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating on the stock in a report on Monday, February 24th. Finally, The Goldman Sachs Group decreased their price target on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Two 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 stock has an average rating of “Hold” and an average target price of $9.06.

JELD-WEN Price Performance

Shares of NYSE JELD opened at $5.92 on Friday. The stock’s 50-day moving average is $8.06 and its two-hundred day moving average is $11.26. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The company has a market cap of $501.89 million, a price-to-earnings ratio of -2.65 and a beta of 2.23. JELD-WEN has a 1-year low of $5.44 and a 1-year high of $21.75.

JELD-WEN (NYSE:JELD) last released 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). JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The company had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. Analysts forecast that JELD-WEN will post 0.88 EPS for the current fiscal year.

Insider Transactions at JELD-WEN

In other news, Director David G. Nord bought 20,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $5.96 per share, for a total transaction of $119,200.00. Following the completion of the transaction, the director now owns 40,000 shares in the company, valued at $238,400. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Turtle Creek Asset Management purchased 26,336 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was purchased at an average price of $5.73 per share, with a total value of $150,905.28. Following the transaction, the insider now owns 774,934 shares of the company’s stock, valued at approximately $4,440,371.82. This represents a 3.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 438,336 shares of company stock valued at $3,231,465 in the last ninety days. 1.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On JELD-WEN

A number of large investors have recently added to or reduced their stakes in the business. Turtle Creek Asset Management Inc. lifted its holdings in shares of JELD-WEN by 7.2% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock valued at $121,564,000 after purchasing an additional 1,000,000 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of JELD-WEN by 16.5% during the 4th quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock worth $91,443,000 after purchasing an additional 1,583,238 shares during the last quarter. Vanguard Group Inc. lifted its stake in JELD-WEN by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company’s stock valued at $69,984,000 after buying an additional 101,944 shares in the last quarter. American Century Companies Inc. grew its holdings in JELD-WEN by 12.3% during the 4th quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock valued at $47,305,000 after buying an additional 634,101 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in JELD-WEN by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,701,950 shares of the company’s stock worth $30,319,000 after buying an additional 146,581 shares in the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

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.