JELD-WEN (NYSE:JELD) Rating Lowered to Sell at Wall Street Zen

JELD-WEN (NYSE:JELD) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Other research analysts have also recently issued research reports about the stock. UBS Group raised their price target on shares of JELD-WEN from $5.00 to $5.75 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of JELD-WEN in a report on Tuesday, October 14th. Jefferies Financial Group raised their target price on shares of JELD-WEN from $3.75 to $5.25 and gave the stock a “hold” rating in a report on Wednesday, August 20th. Finally, Barclays raised their target price on shares of JELD-WEN from $4.50 to $5.00 and gave the stock an “equal weight” rating in a report on Thursday, August 7th. Seven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $6.03.

JELD-WEN Trading Up 1.8%

NYSE JELD opened at $4.86 on Friday. The company has a fifty day simple moving average of $5.48 and a two-hundred day simple moving average of $4.84. The stock has a market cap of $414.62 million, a P/E ratio of -1.20 and a beta of 1.70. JELD-WEN has a 12-month low of $3.27 and a 12-month high of $14.75. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 2.42.

Hedge Funds Weigh In On JELD-WEN

A number of hedge funds have recently bought and sold shares of JELD. Leavell Investment Management Inc. grew its position in shares of JELD-WEN by 14.0% in the first quarter. Leavell Investment Management Inc. now owns 17,107 shares of the company’s stock valued at $102,000 after purchasing an additional 2,107 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of JELD-WEN by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 33,585 shares of the company’s stock valued at $132,000 after purchasing an additional 2,416 shares during the period. SummerHaven Investment Management LLC grew its position in shares of JELD-WEN by 4.5% in the second quarter. SummerHaven Investment Management LLC now owns 62,381 shares of the company’s stock valued at $245,000 after purchasing an additional 2,661 shares during the period. Rhumbline Advisers grew its position in shares of JELD-WEN by 2.9% in the second quarter. Rhumbline Advisers now owns 132,758 shares of the company’s stock valued at $520,000 after purchasing an additional 3,711 shares during the period. Finally, Intech Investment Management LLC grew its position in shares of JELD-WEN by 12.3% in the second quarter. Intech Investment Management LLC now owns 40,648 shares of the company’s stock valued at $159,000 after purchasing an additional 4,455 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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.