StockNews.com Downgrades JELD-WEN (NYSE:JELD) to Sell

StockNews.com lowered shares of JELD-WEN (NYSE:JELD) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Several other research analysts also recently weighed in on the company. Barclays lowered their target price 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. The Goldman Sachs Group decreased their price target on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. B. Riley cut their price target on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. UBS Group dropped their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Finally, Truist Financial dropped their price target on JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.06.

JELD-WEN Stock Performance

NYSE JELD opened at $6.17 on Friday. The stock has a market cap of $523.10 million, a PE ratio of -2.76 and a beta of 2.22. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. JELD-WEN has a twelve month low of $5.44 and a twelve month high of $21.75. The stock has a fifty day simple moving average of $7.96 and a 200-day simple moving average of $11.15.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.20). The company had revenue of $895.70 million during the quarter, compared to analysts’ expectations of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. Equities analysts anticipate that JELD-WEN will post 0.88 earnings per share for the current year.

Insider Activity at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 125,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was acquired at an average price of $7.90 per share, with a total value of $987,500.00. Following the transaction, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven E. Wynne purchased 10,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average price of $6.01 per share, for a total transaction of $60,100.00. Following the completion of the purchase, the director now directly owns 28,000 shares of the company’s stock, valued at approximately $168,280. This trade represents a 55.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 525,137 shares of company stock valued at $3,719,287. Insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Turtle Creek Asset Management Inc. increased its position in shares of JELD-WEN by 7.2% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock valued at $121,564,000 after buying an additional 1,000,000 shares in the last quarter. Pzena Investment Management LLC increased its holdings in shares of JELD-WEN by 16.5% during the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock worth $91,443,000 after purchasing an additional 1,583,238 shares during the period. Vanguard Group Inc. increased its holdings in shares of JELD-WEN by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company’s stock worth $69,984,000 after purchasing an additional 101,944 shares during the period. American Century Companies Inc. increased its stake in JELD-WEN by 12.3% in the fourth quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock valued at $47,305,000 after acquiring an additional 634,101 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in JELD-WEN by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,701,950 shares of the company’s stock valued at $30,319,000 after acquiring an additional 146,581 shares during the last quarter. 95.04% of the stock is currently 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.