By otakuyassine3@gmail.com 
Shares of JELD-WEN Holding, Inc. (NYSE:JELD – Get Free Report) fell 5.5% during mid-day trading on Tuesday . The stock traded as low as $9.36 and last traded at $9.33. 120,692 shares traded hands during trading, a decline of 84% from the average session volume of 732,529 shares. The stock had previously closed at $9.88.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on JELD shares. Barclays dropped their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Jefferies Financial Group increased their price target on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. UBS Group restated a “neutral” rating and issued a $9.00 price objective (down from $15.00) on shares of JELD-WEN in a research note on Wednesday, January 8th. B. Riley cut their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Finally, Royal Bank of Canada dropped their price target on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, JELD-WEN presently has an average rating of “Hold” and a consensus price target of $12.75.
Get Our Latest Stock Report on JELD
JELD-WEN Trading Down 6.1 %
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 cap of $784.85 million, a P/E ratio of -5.07 and a beta of 2.16. The firm’s fifty day moving average price is $9.47 and its two-hundred day moving average price is $12.71.
JELD-WEN (NYSE:JELD – Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.08). JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The business had revenue of $934.70 million during the quarter, compared to analysts’ expectations of $990.64 million. During the same period in the previous year, the business earned $0.53 EPS. The business’s revenue was down 13.2% on a year-over-year basis. As a group, equities research analysts forecast that JELD-WEN Holding, Inc. will post 0.73 EPS for the current year.
Insider Buying and Selling at JELD-WEN
In related news, major shareholder Turtle Creek Asset Management acquired 450,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average price of $10.06 per share, for a total transaction of $4,527,000.00. Following the completion of the acquisition, the insider now owns 11,751,912 shares in the company, valued at approximately $118,224,234.72. This represents a 3.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders have acquired 960,000 shares of company stock worth $9,086,500 over the last ninety days. Insiders own 1.03% of the company’s stock.
Hedge Funds Weigh In On JELD-WEN
Hedge funds have recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of JELD-WEN by 79.8% during the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after purchasing an additional 1,284 shares during the period. MQS Management LLC bought a new position in shares of JELD-WEN during the third quarter valued at approximately $160,000. Xponance Inc. purchased a new stake in JELD-WEN in the second quarter worth $198,000. Diversified Trust Co boosted its holdings in JELD-WEN by 8.8% in the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock valued at $226,000 after acquiring an additional 2,242 shares in the last quarter. Finally, Sei Investments Co. increased its position in JELD-WEN by 13.2% during the 2nd quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock valued at $242,000 after purchasing an additional 2,100 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.
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