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

StockNews.com lowered shares of JELD-WEN (NYSE:JELD) from a hold rating to a sell rating in a report issued on Friday.

Several other equities research analysts have also issued reports on JELD. Truist Financial dropped their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. Loop Capital dropped their price objective on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. Barclays dropped their price objective on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating for the company in a research report on Monday, February 24th. Royal Bank of Canada dropped their price objective on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a research report on Wednesday, February 19th. Finally, B. Riley dropped their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $9.06.

JELD-WEN Stock Performance

Shares of JELD stock opened at $6.17 on Friday. JELD-WEN has a one year low of $5.44 and a one year high of $21.75. 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 company has a 50 day moving average price of $8.01 and a 200 day moving average price of $11.22. The firm has a market capitalization of $523.10 million, a price-to-earnings ratio of -2.76 and a beta of 2.23.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate 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. Sell-side analysts anticipate that JELD-WEN will post 0.88 EPS for the current year.

Insider Activity at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management purchased 110,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was acquired at an average cost of $7.65 per share, with a total value of $841,500.00. Following the acquisition, the insider now owns 12,259,784 shares in the company, valued at approximately $93,787,347.60. This trade represents a 0.91 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven E. Wynne acquired 10,000 shares of JELD-WEN stock in a transaction on Thursday, February 27th. The shares were bought at an average price of $6.01 per share, for a total transaction of $60,100.00. Following the completion of the purchase, the director now directly owns 28,000 shares in the company, valued at $168,280. The trade was a 55.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 525,137 shares of company stock valued at $3,719,287. Corporate insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JELD. Performa Ltd US LLC boosted its stake in JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after acquiring an additional 3,950 shares during the last quarter. Quarry LP bought a new position in JELD-WEN during the 4th quarter valued at $46,000. US Bancorp DE boosted its stake in JELD-WEN by 257.6% during the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after acquiring an additional 7,025 shares during the last quarter. Brevan Howard Capital Management LP bought a new position in shares of JELD-WEN in the 4th quarter worth about $83,000. Finally, Boothbay Fund Management LLC bought a new position in shares of JELD-WEN in the 4th quarter worth about $100,000. 95.04% of the stock is currently owned by institutional investors.

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.