JELD-WEN (NYSE:JELD) Cut to Sell at StockNews.com

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

Other equities research analysts have also recently issued reports about the stock. B. Riley dropped their price target on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Loop Capital dropped their target price on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday. Royal Bank of Canada reduced their target price on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a report on Wednesday. Barclays dropped their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Finally, UBS Group reduced their price objective on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research note 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 data from MarketBeat.com, JELD-WEN presently has an average rating of “Hold” and a consensus price target of $9.56.

JELD-WEN Trading Down 3.3 %

JELD-WEN stock opened at $5.97 on Wednesday. JELD-WEN has a 12-month low of $5.79 and a 12-month high of $21.75. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The stock has a market capitalization of $504.76 million, a PE ratio of -2.67 and a beta of 2.17. The firm has a 50 day simple moving average of $8.56 and a 200-day simple moving average of $11.75.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The firm had revenue of $895.70 million for the quarter, compared to the consensus estimate of $860.82 million. As a group, equities research analysts expect that JELD-WEN will post 0.88 EPS for the current fiscal year.

Insider Buying and Selling at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 125,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were bought at an average price of $7.90 per share, for a total transaction of $987,500.00. Following the acquisition, the insider now directly 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have bought a total of 310,000 shares of company stock valued at $2,463,500 in the last three months. 1.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its stake in shares of JELD-WEN by 1,167.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after buying an additional 2,010,275 shares during the period. Pzena Investment Management LLC grew its stake in JELD-WEN by 16.5% in the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock valued at $91,443,000 after purchasing an additional 1,583,238 shares in the last quarter. Alberta Investment Management Corp acquired a new position in JELD-WEN in the 4th quarter worth about $9,492,000. Parkwood LLC purchased a new stake in shares of JELD-WEN during the 4th quarter worth about $8,815,000. Finally, Turtle Creek Asset Management Inc. raised its stake in shares of JELD-WEN by 7.2% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock worth $121,564,000 after purchasing an additional 1,000,000 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other 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.