JELD-WEN (NYSE:JELD) Sees Large Volume Increase – Here’s What Happened

JELD-WEN Holding, Inc. (NYSE:JELD) shares saw unusually-high trading volume on Wednesday . Approximately 1,531,154 shares were traded during mid-day trading, an increase of 40% from the previous session’s volume of 1,090,249 shares.The stock last traded at $6.01 and had previously closed at $5.84.

Analyst Ratings Changes

Several research firms recently issued reports on JELD. Truist Financial reduced their price target on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. Barclays decreased their price target on JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Monday, February 24th. UBS Group dropped their price objective on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada decreased their target price on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 19th. Finally, StockNews.com cut shares of JELD-WEN from a “hold” rating to a “sell” rating in a report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.06.

JELD-WEN Stock Up 3.3 %

The stock has a market capitalization of $515.18 million, a price-to-earnings ratio of -2.71 and a beta of 2.22. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The stock has a 50 day moving average price of $7.22 and a 200 day moving average price of $10.25.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data 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 firm 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 7.14% and a negative net margin of 5.01%. As a group, analysts forecast that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management bought 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was acquired at an average cost of $7.90 per share, with a total value of $987,500.00. Following the transaction, the insider now directly owns 12,042,190 shares of the company’s stock, valued at approximately $95,133,301. This represents a 1.05 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven E. Wynne purchased 10,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was purchased at an average price of $6.01 per share, for a total transaction of $60,100.00. Following the acquisition, the director now owns 28,000 shares of the company’s stock, valued at approximately $168,280. This represents a 55.56 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 595,137 shares of company stock worth $4,137,187 in the last quarter. 1.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in JELD. Performa Ltd US LLC increased its holdings 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 worth $34,000 after purchasing an additional 3,950 shares in 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 holdings in JELD-WEN by 257.6% during the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after acquiring an additional 7,025 shares during the last quarter. Brevan Howard Capital Management LP purchased a new position in JELD-WEN during the fourth quarter worth about $83,000. Finally, Boothbay Fund Management LLC purchased a new stake in JELD-WEN in the 4th quarter valued at about $100,000. 95.04% of the stock is 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.