JELD-WEN (NYSE:JELD) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of JELD-WEN (NYSE:JELD) from a hold rating to a sell rating in a research note published on Wednesday.

A number of other equities analysts have also recently issued reports on JELD. Royal Bank of Canada lowered their target price on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a report on Wednesday. The Goldman Sachs Group lowered their target price on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday. Truist Financial lowered their target price on JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday. UBS Group lowered their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday. Finally, Loop Capital decreased their price objective on JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, JELD-WEN presently has an average rating of “Hold” and a consensus target price of $9.56.

JELD-WEN Stock Performance

Shares of JELD-WEN stock opened at $5.91 on Wednesday. The company has a market capitalization of $499.68 million, a PE ratio of -3.23 and a beta of 2.17. JELD-WEN has a 12 month low of $5.79 and a 12 month high of $21.75. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The stock’s fifty day simple moving average is $8.73 and its 200 day simple moving average is $11.85.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate 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%. On average, research analysts predict that JELD-WEN will post 0.69 EPS for the current year.

Insider Activity at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management bought 125,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was acquired at an average cost of $7.90 per share, for a total transaction of $987,500.00. Following the purchase, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders bought 310,000 shares of company stock worth $2,463,500. Insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

Several hedge funds have recently bought and sold shares of JELD. Victory Capital Management Inc. lifted its stake in JELD-WEN by 1,167.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after purchasing an additional 2,010,275 shares during the last quarter. Pzena Investment Management LLC lifted its position in 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 acquiring an additional 1,583,238 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in JELD-WEN during the fourth quarter worth approximately $9,492,000. Parkwood LLC acquired a new stake in JELD-WEN during the fourth quarter worth approximately $8,815,000. Finally, Turtle Creek Asset Management Inc. lifted its position in JELD-WEN by 7.2% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock worth $121,564,000 after acquiring an additional 1,000,000 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

About JELD-WEN

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.