Bruce Taten Sells 19,483 Shares of JELD-WEN (NYSE:JELD) Stock

JELD-WEN Holding, Inc. (NYSE:JELD) Director Bruce Taten sold 19,483 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $1.66, for a total value of $32,341.78. Following the transaction, the director directly owned 88,158 shares in the company, valued at approximately $146,342.28. This represents a 18.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

JELD-WEN Stock Performance

NYSE:JELD traded down $0.04 during trading hours on Tuesday, reaching $1.58. 1,607,509 shares of the stock were exchanged, compared to its average volume of 1,839,214. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 97.65. The firm has a 50 day simple moving average of $1.40 and a 200-day simple moving average of $2.27. JELD-WEN Holding, Inc. has a 52 week low of $0.93 and a 52 week high of $6.98. The stock has a market capitalization of $135.69 million, a P/E ratio of -0.27 and a beta of 1.88.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, May 4th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.20). The firm had revenue of $722.13 million for the quarter, compared to the consensus estimate of $721.62 million. JELD-WEN had a negative return on equity of 65.79% and a negative net margin of 16.02%.

Institutional Trading of JELD-WEN

Several large investors have recently added to or reduced their stakes in JELD. Performa Ltd US LLC increased its position in JELD-WEN by 73.8% in the 4th quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock valued at $32,000 after acquiring an additional 5,500 shares during the period. GAMMA Investing LLC increased its position in JELD-WEN by 264.0% in the 4th quarter. GAMMA Investing LLC now owns 13,443 shares of the company’s stock valued at $33,000 after acquiring an additional 9,750 shares during the period. Parkwoods Wealth Partners LLC acquired a new stake in JELD-WEN in the 4th quarter valued at approximately $34,000. Aaron Wealth Advisors LLC acquired a new stake in JELD-WEN in the 4th quarter valued at approximately $36,000. Finally, Banco BTG Pactual S.A. acquired a new stake in JELD-WEN in the 4th quarter valued at approximately $38,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JELD has been the topic of a number of research reports. Wall Street Zen cut JELD-WEN from a “sell” rating to a “strong sell” rating in a research report on Saturday. UBS Group dropped their price target on JELD-WEN from $3.00 to $1.60 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $1.75 price target on shares of JELD-WEN in a research report on Wednesday, May 6th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $2.11.

About JELD-WEN

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.