JELD-WEN (NYSE:JELD) Shares Gap Down to $19.04

JELD-WEN Holding, Inc. (NYSE:JELD) gapped down prior to trading on Tuesday . The stock had previously closed at $19.04, but opened at $15.20. JELD-WEN shares last traded at $15.07, with a volume of 410,082 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on JELD shares. Loop Capital assumed coverage on shares of JELD-WEN in a research note on Thursday, February 15th. They set a “hold” rating and a $22.00 price target for the company. Royal Bank of Canada cut their price target on shares of JELD-WEN from $16.00 to $13.00 and set an “underperform” rating on the stock in a research report on Wednesday. Truist Financial raised their price objective on JELD-WEN from $15.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, February 21st. UBS Group dropped 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, StockNews.com lowered JELD-WEN from a “buy” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $18.09.

JELD-WEN Stock Performance

The stock has a market capitalization of $1.21 billion, a P/E ratio of 60.96 and a beta of 2.32. The stock’s 50-day simple moving average is $19.26 and its 200 day simple moving average is $17.77. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.20 and a quick ratio of 1.49.

JELD-WEN (NYSE:JELD) last announced its earnings results on Monday, February 19th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.25 by $0.12. The business had revenue of $1.02 billion during 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 quarter in the previous year, the firm posted $0.47 EPS. Research analysts expect that JELD-WEN Holding, Inc. will post 1.6 EPS for the current fiscal year.

Insider Transactions at JELD-WEN

In related news, Director Roderick Wendt sold 10,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $30.76, for a total value of $307,600.00. Following the transaction, the director now directly owns 294,558 shares in the company, valued at $9,060,604.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Turtle Creek Asset Management sold 54,000 shares of JELD-WEN stock in a transaction that occurred on Monday, February 12th. The shares were 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 directly owns 760,463 shares in the company, valued at $15,087,585.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Roderick Wendt sold 10,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $30.76, for a total value of $307,600.00. Following the sale, the director now directly owns 294,558 shares in the company, valued at approximately $9,060,604.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,000 shares of company stock valued at $2,698,610. 1.03% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On JELD-WEN

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC increased its position in shares of JELD-WEN by 33.7% in the first quarter. First Eagle Investment Management LLC now owns 336,684 shares of the company’s stock worth $7,148,000 after purchasing an additional 84,900 shares during the period. ProShare Advisors LLC grew its stake in JELD-WEN by 8.5% during the first quarter. ProShare Advisors LLC now owns 15,305 shares of the company’s stock worth $325,000 after buying an additional 1,205 shares in the last quarter. Russell Investments Group Ltd. increased its holdings 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 shares of JELD-WEN by 8.2% in the 1st quarter. Empowered Funds LLC now owns 359,817 shares of the company’s stock valued at $7,639,000 after buying an additional 27,234 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its holdings in shares of JELD-WEN by 0.5% during 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. 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.