JELD-WEN (NYSE:JELD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of JELD-WEN (NYSE:JELD) from a sell rating to a hold rating in a research note published on Saturday,Wall Street Zen reports.

JELD has been the topic of a number of other research reports. UBS Group raised their target price on shares of JELD-WEN from $1.60 to $1.80 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Barclays lowered their price target on shares of JELD-WEN from $2.00 to $1.50 and set an “equal weight” rating for the company in a research report on Thursday, November 5th. Weiss Ratings raised shares of JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 29th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $2.00 price objective on shares of JELD-WEN in a research note on Thursday, August 6th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $1.98.

JELD-WEN Price Performance

Shares of JELD stock opened at $1.17 on Friday. The company’s 50-day simple moving average is $1.67 and its two-hundred day simple moving average is $1.71. JELD-WEN has a one year low of $0.93 and a one year high of $3.27. The company has a debt-to-equity ratio of 97.65, a quick ratio of 0.98 and a current ratio of 1.73.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $798.51 million during the quarter, compared to the consensus estimate of $804.29 million. JELD-WEN had a negative net margin of 5.26% and a negative return on equity of 365.10%.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management sold 300,000 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $1.16, for a total transaction of $348,000.00. Following the transaction, the insider owned 858,095 shares in the company, valued at $995,390.20. This represents a 25.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.87% of the stock is currently owned by company insiders.

Institutional Trading of JELD-WEN

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of JELD-WEN in the 2nd quarter valued at $3,668,000. Jefferies Financial Group Inc. purchased a new position in JELD-WEN in the 2nd quarter worth $1,133,000. Miller Value Partners LLC purchased a new position in JELD-WEN in the 2nd quarter worth $10,709,000. Ieq Capital LLC acquired a new stake in JELD-WEN during the 2nd quarter worth about $508,000. Finally, Bank of America Corp DE acquired a new stake in JELD-WEN during the 2nd quarter worth about $723,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

JELD-WEN Company Profile

JELD-WEN Holding, Inc is a manufacturer of windows and doors for residential and commercial construction and remodeling markets. Its products include vinyl, wood, aluminum and composite windows, as well as interior and exterior doors, patio doors and related building products.

The company sells products through building-product distributors, dealers, retail outlets and other channels. Its brands and product offerings serve new construction, repair and remodeling, and replacement applications, with products designed for homes, offices and other buildings.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has expanded into an international building-products company serving customers in North America, Europe and Australia.