JELD-WEN (NYSE:JELD) Shares Gap Up After Insider Buying Activity

JELD-WEN Holding, Inc. (NYSE:JELDGet Rating)’s share price gapped up prior to trading on Wednesday after an insider bought additional shares in the company. The stock had previously closed at $10.37, but opened at $10.64. JELD-WEN shares last traded at $10.25, with a volume of 1,055 shares traded.

Specifically, Director David G. Nord purchased 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was acquired at an average cost of $11.00 per share, for a total transaction of $220,000.00. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at approximately $220,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Turtle Creek Asset Management purchased 121,815 shares of the stock in a transaction dated Thursday, June 23rd. The stock was bought at an average cost of $13.82 per share, for a total transaction of $1,683,483.30. Following the completion of the acquisition, the insider now owns 11,268,303 shares of the company’s stock, valued at $155,727,947.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David G. Nord purchased 20,000 shares of the stock in a transaction dated Friday, September 9th. The shares were bought at an average price of $11.00 per share, with a total value of $220,000.00. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $220,000. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 264,678 shares of company stock worth $3,573,883. Company insiders own 1.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Credit Suisse Group decreased their price objective on JELD-WEN from $24.00 to $20.00 and set an “outperform” rating for the company in a report on Monday, August 15th. Deutsche Bank Aktiengesellschaft assumed coverage on JELD-WEN in a report on Wednesday, August 17th. They issued a “hold” rating and a $15.00 price objective for the company. Barclays downgraded JELD-WEN from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $25.00 to $17.00 in a report on Thursday, July 14th. JPMorgan Chase & Co. decreased their price objective on JELD-WEN from $18.50 to $15.00 in a report on Friday, July 15th. Finally, Wells Fargo & Company cut shares of JELD-WEN from an “overweight” rating to an “equal weight” rating and set a $16.00 price target on the stock. in a research report on Tuesday, June 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, JELD-WEN has a consensus rating of “Hold” and an average price target of $17.33.

JELD-WEN Stock Down 3.7 %

The company has a market cap of $841.75 million, a P/E ratio of 7.29 and a beta of 2.30. The stock’s 50-day moving average price is $13.82 and its 200-day moving average price is $17.37. The company has a current ratio of 2.14, a quick ratio of 1.33 and a debt-to-equity ratio of 2.54.

JELD-WEN (NYSE:JELDGet Rating) last released its quarterly earnings data on Monday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.12). JELD-WEN had a return on equity of 19.00% and a net margin of 2.59%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the company earned $0.59 EPS. JELD-WEN’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, research analysts forecast that JELD-WEN Holding, Inc. will post 1.66 EPS for the current year.

Institutional Investors Weigh In On JELD-WEN

A number of institutional investors and hedge funds have recently made changes to their positions in JELD. Raymond James & Associates increased its stake in JELD-WEN by 6.7% in the 4th quarter. Raymond James & Associates now owns 36,227 shares of the company’s stock valued at $955,000 after buying an additional 2,281 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of JELD-WEN by 15.4% during the 4th quarter. Teacher Retirement System of Texas now owns 17,725 shares of the company’s stock worth $467,000 after purchasing an additional 2,366 shares during the last quarter. Citigroup Inc. increased its stake in shares of JELD-WEN by 28.7% during the 4th quarter. Citigroup Inc. now owns 44,308 shares of the company’s stock worth $1,168,000 after purchasing an additional 9,886 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of JELD-WEN by 387.0% during the 4th quarter. JPMorgan Chase & Co. now owns 5,609,759 shares of the company’s stock worth $147,873,000 after purchasing an additional 4,457,808 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of JELD-WEN by 6.0% during the 4th quarter. Rhumbline Advisers now owns 111,778 shares of the company’s stock worth $2,946,000 after purchasing an additional 6,347 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

JELD-WEN Company Profile

(Get Rating)

JELD-WEN Holding, Inc designs, manufactures, and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, aluminum, and wood composite windows.

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