JELD-WEN (NYSE:JELD) Lowered to Hold at StockNews.com

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

Several other brokerages also recently issued reports on JELD. Royal Bank of Canada cut their target price on shares of JELD-WEN from $16.00 to $13.00 and set an underperform rating for the company in a research note on Wednesday. Truist Financial lifted their target price on JELD-WEN from $15.00 to $19.00 and gave the stock a hold rating in a research note on Wednesday, February 21st. B. Riley increased their price target on JELD-WEN from $17.00 to $20.00 and gave the company a neutral rating in a research note on Wednesday, February 21st. Oppenheimer began coverage on shares of JELD-WEN in a research report on Friday, January 19th. They set a market perform rating for the company. Finally, Loop Capital initiated coverage on shares of JELD-WEN in a research report on Thursday, February 15th. They issued a hold rating and a $22.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of $18.09.

JELD-WEN Stock Performance

Shares of JELD stock opened at $13.97 on Wednesday. The company has a market capitalization of $1.20 billion, a P/E ratio of 19.14 and a beta of 2.32. JELD-WEN has a 52 week low of $11.02 and a 52 week high of $21.75. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.49 and a current ratio of 2.20. The company’s 50 day moving average price is $19.34 and its two-hundred day moving average price is $17.80.

JELD-WEN (NYSE:JELD) last announced its earnings results on Monday, February 19th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. JELD-WEN had a return on equity of 17.99% and a net margin of 1.40%. During the same quarter last year, the firm earned $0.47 EPS. On average, analysts expect that JELD-WEN will post 1.6 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Roderick Wendt sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $30.76, for a total transaction of $307,600.00. Following the completion of the transaction, the director now directly owns 294,558 shares in the company, valued at $9,060,604.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Roderick Wendt sold 10,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $30.76, for a total value of $307,600.00. Following the transaction, the director now directly owns 294,558 shares of the company’s stock, valued at approximately $9,060,604.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Turtle Creek Asset Management sold 54,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.84, for a total value of $1,071,360.00. Following the sale, the insider now directly owns 760,463 shares of the company’s stock, valued at approximately $15,087,585.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,000 shares of company stock valued at $2,698,610. Insiders own 1.03% of the company’s stock.

Institutional Trading of JELD-WEN

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in JELD-WEN by 4.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 474,426 shares of the company’s stock worth $6,338,000 after purchasing an additional 22,210 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in JELD-WEN by 22.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,145 shares of the company’s stock valued at $176,000 after buying an additional 2,415 shares during the last quarter. Mackenzie Financial Corp bought a new position in JELD-WEN during the 3rd quarter valued at $202,000. Strs Ohio boosted its holdings in JELD-WEN by 128.6% during the 3rd quarter. Strs Ohio now owns 53,500 shares of the company’s stock worth $714,000 after acquiring an additional 30,100 shares during the last quarter. Finally, Inspire Investing LLC bought a new stake in shares of JELD-WEN in the 3rd quarter worth $306,000. 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.