JELD-WEN (NYSE:JELD) Stock Rating Upgraded by StockNews.com

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

A number of other equities analysts also recently weighed in on the company. Loop Capital reduced their price target on JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. The Goldman Sachs Group reduced their price target on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Truist Financial cut their price objective on JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. UBS Group cut their price objective on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Finally, B. Riley cut 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. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, JELD-WEN has an average rating of “Hold” and a consensus price target of $9.06.

JELD-WEN Price Performance

Shares of JELD opened at $5.49 on Thursday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The stock has a 50 day simple moving average of $8.28 and a 200 day simple moving average of $11.52. JELD-WEN has a 52-week low of $5.49 and a 52-week high of $21.75. The firm has a market capitalization of $465.83 million, a PE ratio of -2.46 and a beta of 2.17.

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

Insider Activity at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management acquired 110,000 shares of the stock in a transaction on Friday, January 10th. The shares were purchased at an average price of $7.65 per share, for a total transaction of $841,500.00. Following the transaction, the insider now directly owns 12,259,784 shares of the company’s stock, valued at approximately $93,787,347.60. This represents a 0.91 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven E. Wynne acquired 10,000 shares of the stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $6.01 per share, for a total transaction of $60,100.00. Following the transaction, the director now directly owns 28,000 shares in the company, valued at approximately $168,280. This trade represents a 55.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 340,000 shares of company stock worth $2,642,800. Company insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in 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 worth $34,504,000 after buying an additional 2,010,275 shares during the period. Geode Capital Management LLC increased its position in JELD-WEN by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock worth $30,771,000 after buying an additional 9,468 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in JELD-WEN by 57.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock worth $33,200,000 after buying an additional 764,645 shares during the period. Natixis Advisors LLC grew its holdings in shares of JELD-WEN by 78.1% during the 3rd quarter. Natixis Advisors LLC now owns 411,660 shares of the company’s stock worth $6,508,000 after purchasing an additional 180,511 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of JELD-WEN during the 3rd quarter worth $293,000. Institutional investors own 95.04% of the company’s stock.

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.