David G. Nord Purchases 20,000 Shares of JELD-WEN Holding, Inc. (NYSE:JELD) Stock

JELD-WEN Holding, Inc. (NYSE:JELD) Director David G. Nord acquired 20,000 shares of JELD-WEN stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $5.96 per share, with a total value of $119,200.00. Following the transaction, the director now owns 40,000 shares in the company, valued at approximately $238,400. This represents a 100.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

JELD-WEN Stock Performance

Shares of JELD stock opened at $5.86 on Friday. The company has a market capitalization of $496.80 million, a price-to-earnings ratio of -2.63 and a beta of 2.17. JELD-WEN Holding, Inc. has a 1-year low of $5.62 and a 1-year high of $21.75. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The stock’s fifty day simple moving average is $8.33 and its 200-day simple moving average is $11.55.

JELD-WEN (NYSE:JELD) last released its 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). The business had revenue of $895.70 million for the quarter, compared to analysts’ expectations of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. On average, sell-side analysts predict that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in JELD. Performa Ltd US LLC grew its holdings in shares of 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 in the last quarter. Blue Trust Inc. boosted its position in JELD-WEN by 79.8% during the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after purchasing an additional 1,284 shares during the last quarter. Quarry LP purchased a new position in JELD-WEN in the fourth quarter valued at about $46,000. US Bancorp DE increased its position in JELD-WEN by 257.6% in the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after purchasing an additional 7,025 shares during the last quarter. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of JELD-WEN during the 4th quarter worth about $83,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on JELD. The Goldman Sachs Group cut their target price on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research note 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 research report on Wednesday, February 19th. Loop Capital decreased their target price on JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. 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. Finally, Royal Bank of Canada dropped their price target on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.06.

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.