JELD-WEN (NYSE:JELD) Downgraded to “Hold” at StockNews.com

JELD-WEN (NYSE:JELD) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Several other equities research analysts have also recently issued reports on JELD. Truist Financial lifted their target price on JELD-WEN from $15.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, February 21st. B. Riley lifted their target price on JELD-WEN from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, February 21st. Loop Capital started coverage on JELD-WEN in a report on Thursday, February 15th. They issued a “hold” rating and a $22.00 target price on the stock. UBS Group reduced their target price on JELD-WEN from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada reduced their target price on JELD-WEN from $16.00 to $13.00 and set an “underperform” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.09.

JELD-WEN Price Performance

Shares of JELD-WEN stock traded down $0.37 on Wednesday, hitting $13.97. 2,262,186 shares of the company traded hands, compared to its average volume of 619,771. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.49 and a current ratio of 2.20. The business has a 50-day simple moving average of $19.34 and a 200 day simple moving average of $17.80. JELD-WEN has a 52 week low of $11.02 and a 52 week high of $21.75. The stock has a market capitalization of $1.20 billion, a P/E ratio of 19.14 and a beta of 2.32.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Monday, February 19th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the firm posted $0.47 EPS. Research analysts expect that JELD-WEN will post 1.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other JELD-WEN news, Director Roderick Wendt sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $28.35, for a total transaction of $283,500.00. Following the completion of the transaction, the director now owns 304,558 shares in the company, valued at $8,634,219.30. The sale 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 sold 54,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.84, for a total value of $1,071,360.00. Following the completion of the sale, the insider now owns 760,463 shares in the company, valued at $15,087,585.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roderick Wendt sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 304,558 shares of the company’s stock, valued at approximately $8,634,219.30. The disclosure for this sale can be found here. Insiders have sold 127,000 shares of company stock valued at $2,698,610 over the last ninety days. 1.03% of the stock is owned by insiders.

Institutional Trading of JELD-WEN

A number of large investors have recently modified their holdings of JELD. Norges Bank purchased a new stake in shares of JELD-WEN in the fourth quarter valued at approximately $9,783,000. Vanguard Group Inc. boosted its holdings in shares of JELD-WEN by 4.1% in the third quarter. Vanguard Group Inc. now owns 8,790,549 shares of the company’s stock valued at $117,442,000 after purchasing an additional 344,435 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in JELD-WEN in the first quarter worth approximately $6,750,000. Congress Asset Management Co. MA bought a new position in JELD-WEN in the first quarter worth approximately $4,631,000. Finally, Knights of Columbus Asset Advisors LLC raised its stake in 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 worth $5,718,000 after buying an additional 179,998 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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.