JELD-WEN (NYSE:JELD) Shares Up 6.5% – Time to Buy?

JELD-WEN Holding, Inc. (NYSE:JELD)’s stock price traded up 6.5% during mid-day trading on Monday . The company traded as high as $9.08 and last traded at $9.13. 137,923 shares changed hands during trading, a decline of 79% from the average session volume of 649,630 shares. The stock had previously closed at $8.57.

Wall Street Analyst Weigh In

Several research firms recently issued reports on JELD. B. Riley reduced their price target on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Royal Bank of Canada lowered their price target on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research report on Wednesday, December 18th. UBS Group restated a “neutral” rating and set a $9.00 target price (down previously from $15.00) on shares of JELD-WEN in a research report on Wednesday, January 8th. Finally, Barclays dropped their price target on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.75.

JELD-WEN Stock Down 1.0 %

The stock has a market cap of $758.20 million, a price-to-earnings ratio of -4.90 and a beta of 2.17. 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 50-day moving average price is $9.06 and its 200-day moving average price is $12.17.

Insider Transactions at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management acquired 110,000 shares of JELD-WEN stock in a transaction dated Friday, January 10th. The stock was bought at an average price of $7.65 per share, with a total value of $841,500.00. Following the transaction, the insider now directly owns 12,259,784 shares in the company, valued at $93,787,347.60. This represents a 0.91 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders acquired 310,000 shares of company stock valued at $2,463,500. Corporate insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in 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 acquiring an additional 1,284 shares in the last quarter. Performa Ltd US LLC boosted its position in shares of JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after buying an additional 3,950 shares during the last quarter. US Bancorp DE grew its holdings in JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after buying an additional 7,025 shares in the last quarter. MQS Management LLC purchased a new stake in JELD-WEN in the 3rd quarter valued at $160,000. Finally, AXQ Capital LP bought a new position in JELD-WEN during the 4th quarter valued at $105,000. 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.