JELD-WEN (NYSE:JELD) Stock Price Down 4.2%

JELD-WEN Holding, Inc. (NYSE:JELD) shares fell 4.2% during mid-day trading on Monday . The company traded as low as $19.17 and last traded at $19.22. 664,685 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 561,875 shares. The stock had previously closed at $20.06.

Wall Street Analysts Forecast Growth

JELD has been the subject of a number of recent analyst reports. UBS Group dropped their price target on shares of JELD-WEN from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday. B. Riley raised their price objective on JELD-WEN from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, February 21st. Truist Financial upped 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. Royal Bank of Canada cut their price target on JELD-WEN from $16.00 to $13.00 and set an “underperform” rating on the stock in a research note on Wednesday. Finally, Loop Capital started coverage on JELD-WEN in a report on Thursday, February 15th. They issued a “hold” rating and a $22.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $18.09.

JELD-WEN Trading Down 2.6 %

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 company has a 50 day moving average of $19.34 and a 200 day moving average of $17.80. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 19.14 and a beta of 2.32.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, February 19th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.12. The firm 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 last year, the firm posted $0.47 earnings per share. On average, research analysts predict that JELD-WEN Holding, Inc. will post 1.6 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Turtle Creek Asset Management sold 54,000 shares of the company’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 transaction, the insider now directly owns 760,463 shares in the company, valued at $15,087,585.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other JELD-WEN news, major shareholder Turtle Creek Asset Management sold 54,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $19.84, for a total transaction of $1,071,360.00. Following the sale, the insider now directly owns 760,463 shares in the company, valued at $15,087,585.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roderick Wendt sold 10,000 shares of JELD-WEN stock in a transaction on Friday, March 1st. The shares were sold at an average price of $30.76, for a total value of $307,600.00. Following the completion of the transaction, the director now owns 294,558 shares of the company’s stock, valued at $9,060,604.08. The disclosure for this sale can be found here. Insiders sold 127,000 shares of company stock worth $2,698,610 over the last ninety days. Corporate insiders own 1.03% of the company’s stock.

Institutional Trading of JELD-WEN

A number of large investors have recently made changes to their positions in the company. ProShare Advisors LLC lifted its position in JELD-WEN by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 15,305 shares of the company’s stock worth $325,000 after acquiring an additional 1,205 shares during the period. Russell Investments Group Ltd. increased its stake in JELD-WEN by 12.5% in the 1st quarter. Russell Investments Group Ltd. now owns 111,135 shares of the company’s stock valued at $2,359,000 after buying an additional 12,330 shares during the period. Empowered Funds LLC raised its position in JELD-WEN by 8.2% during the 1st quarter. Empowered Funds LLC now owns 359,817 shares of the company’s stock worth $7,639,000 after buying an additional 27,234 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of JELD-WEN by 0.5% in the 1st quarter. Pzena Investment Management LLC now owns 7,381,799 shares of the company’s stock worth $156,716,000 after acquiring an additional 34,604 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of JELD-WEN by 26.6% during the first quarter. BNP Paribas Financial Markets now owns 52,153 shares of the company’s stock worth $1,107,000 after acquiring an additional 10,943 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

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.