JELD-WEN (NYSE:JELD) Cut to “Sell” at StockNews.com

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

A number of other analysts have also recently issued reports on JELD. Loop Capital lowered their price objective on JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday. Truist Financial lowered their price target on JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday. Barclays lowered their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada lowered their price target on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group lowered their price target on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.56.

JELD-WEN Stock Performance

Shares of JELD stock traded down $0.84 during trading hours on Wednesday, reaching $5.91. 4,178,790 shares of the company’s stock were exchanged, compared to its average volume of 908,078. JELD-WEN has a fifty-two week low of $5.79 and a fifty-two week high of $21.75. The stock has a market capitalization of $499.68 million, a P/E ratio of -3.23 and a beta of 2.17. The business has a fifty day moving average price of $8.73 and a 200-day moving average price of $11.85. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). The business had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. Analysts predict that JELD-WEN will post 0.69 EPS for the current fiscal year.

Insider Transactions at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 125,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were bought at an average price of $7.90 per share, for a total transaction of $987,500.00. Following the completion of the acquisition, the insider now owns 12,042,190 shares of the company’s stock, valued at approximately $95,133,301. This trade represents a 1.05 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have acquired 310,000 shares of company stock worth $2,463,500. Insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in shares of JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after acquiring an additional 2,010,275 shares during the period. Geode Capital Management LLC lifted its stake in shares of JELD-WEN by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock valued at $30,771,000 after acquiring an additional 9,468 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in shares of JELD-WEN by 57.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock valued at $33,200,000 after acquiring an additional 764,645 shares during the period. Natixis Advisors LLC lifted its stake in shares of JELD-WEN by 78.1% during the third quarter. Natixis Advisors LLC now owns 411,660 shares of the company’s stock valued at $6,508,000 after acquiring an additional 180,511 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of JELD-WEN during the third quarter valued at $293,000. Institutional investors and hedge funds 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.