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

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

A number of other analysts have also weighed in on the stock. Truist Financial upped their price objective on shares of JELD-WEN from $15.00 to $19.00 and gave the stock a hold rating in a research note on Wednesday, February 21st. UBS Group dropped their price objective on shares of JELD-WEN from $22.00 to $19.00 and set a buy rating on the stock in a research note on Wednesday. Oppenheimer assumed coverage on shares of JELD-WEN in a research note on Friday, January 19th. They issued a market perform rating for the company. B. Riley increased their target price on JELD-WEN from $17.00 to $20.00 and gave the company a neutral rating in a research report on Wednesday, February 21st. Finally, Royal Bank of Canada reduced their price target on JELD-WEN from $16.00 to $13.00 and set an underperform rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $18.09.

JELD-WEN Price Performance

JELD opened at $13.97 on Wednesday. The business has a fifty day moving average of $19.34 and a 200 day moving average of $17.80. The stock has a market cap of $1.20 billion, a P/E ratio of 19.14 and a beta of 2.32. The company has a quick ratio of 1.49, a current ratio of 2.20 and a debt-to-equity ratio of 1.40. JELD-WEN has a 52-week low of $11.02 and a 52-week high of $21.75.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, February 19th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.25 by $0.12. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. JELD-WEN had a net margin of 1.40% and a return on equity of 17.99%. During the same quarter last year, the firm posted $0.47 EPS. As a group, sell-side analysts anticipate that JELD-WEN will post 1.6 EPS for the current year.

Insider Buying and Selling at JELD-WEN

In other news, Director Roderick Wendt sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $28.35, for a total value of $283,500.00. Following the completion of the transaction, the director now owns 304,558 shares of the company’s stock, valued at approximately $8,634,219.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Roderick Wendt sold 10,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $28.35, for a total value of $283,500.00. Following the completion of the transaction, the director now directly owns 304,558 shares in the company, valued at approximately $8,634,219.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Turtle Creek Asset Management sold 53,000 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $19.55, for a total transaction of $1,036,150.00. Following the sale, the insider now directly owns 814,463 shares in the company, valued at $15,922,751.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 127,000 shares of company stock worth $2,698,610. Company insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

Several large investors have recently bought and sold shares of JELD. Norges Bank acquired a new position in shares of JELD-WEN during the 4th quarter worth approximately $9,783,000. Vanguard Group Inc. increased its stake in shares of JELD-WEN by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 8,790,549 shares of the company’s stock worth $117,442,000 after acquiring an additional 344,435 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of JELD-WEN during the 1st quarter worth $6,750,000. Congress Asset Management Co. MA acquired a new position in shares of JELD-WEN during the 1st quarter valued at about $4,631,000. Finally, Knights of Columbus Asset Advisors LLC grew its holdings in shares of JELD-WEN by 146.5% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 302,860 shares of the company’s stock valued at $5,718,000 after purchasing an additional 179,998 shares during the period. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

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.