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

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

JELD-WEN Price Performance

Shares of JELD traded down $0.37 during midday trading on Friday, hitting $5.49. 1,822,664 shares of the company traded hands, compared to its average volume of 1,011,619. The stock has a 50-day moving average of $8.28 and a 200-day moving average of $11.52. JELD-WEN Holding, Inc. has a one year low of $5.49 and a one year high of $21.75. The firm has a market cap of $465.83 million, a P/E ratio of -2.46 and a beta of 2.17. 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 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 company had revenue of $895.70 million for the quarter, compared to the consensus estimate of $860.82 million. As a group, sell-side analysts predict that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on JELD. UBS Group lowered their price target on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Barclays decreased their price target on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating for the company in a research note on Monday. Truist Financial cut their price objective 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. B. Riley cut their price target 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. Finally, Loop Capital lowered their price objective on JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $9.06.

Institutional Investors Weigh In On JELD-WEN

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. increased its position in shares of JELD-WEN by 79.8% in the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after purchasing an additional 1,284 shares during the last quarter. Diversified Trust Co increased its position in shares of JELD-WEN by 8.8% in the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock worth $226,000 after purchasing an additional 2,242 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of JELD-WEN by 6.3% in the fourth quarter. MetLife Investment Management LLC now owns 51,911 shares of the company’s stock worth $425,000 after purchasing an additional 3,066 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of JELD-WEN by 10.3% in the third quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock worth $573,000 after purchasing an additional 3,383 shares during the last quarter. Finally, Performa Ltd US LLC increased its position in shares of JELD-WEN by 1,580.0% in the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after purchasing an additional 3,950 shares during the last quarter. 95.04% of the stock is currently owned by 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.