JELD-WEN (NYSE:JELD) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of JELD-WEN (NYSE:JELD) from a hold rating to a sell rating in a report published on Saturday morning.

JELD has been the topic of several other reports. Barclays upped their target price on JELD-WEN from $4.50 to $5.00 and gave the company an “equal weight” rating in a research report on Thursday, August 7th. Jefferies Financial Group upped their target price on JELD-WEN from $3.75 to $5.25 and gave the company a “hold” rating in a research report on Wednesday, August 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JELD-WEN in a research report on Tuesday, October 14th. Finally, UBS Group upped their target price on JELD-WEN from $5.00 to $5.75 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $6.03.

JELD-WEN Trading Down 2.6%

JELD opened at $4.73 on Friday. The firm has a market cap of $403.52 million, a price-to-earnings ratio of -1.16 and a beta of 1.70. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 2.42. JELD-WEN has a 12 month low of $3.27 and a 12 month high of $14.75. The stock has a fifty day moving average price of $5.46 and a 200-day moving average price of $4.83.

Hedge Funds Weigh In On JELD-WEN

A number of large investors have recently bought and sold shares of JELD. Teacher Retirement System of Texas acquired a new position in JELD-WEN in the 1st quarter worth about $74,000. Mutual Advisors LLC raised its holdings in JELD-WEN by 231.7% in the 1st quarter. Mutual Advisors LLC now owns 132,673 shares of the company’s stock worth $792,000 after purchasing an additional 92,671 shares during the period. Leavell Investment Management Inc. raised its holdings in shares of JELD-WEN by 14.0% during the first quarter. Leavell Investment Management Inc. now owns 17,107 shares of the company’s stock valued at $102,000 after acquiring an additional 2,107 shares during the last quarter. CWM LLC raised its holdings in shares of JELD-WEN by 2,140.2% during the first quarter. CWM LLC now owns 6,407 shares of the company’s stock valued at $38,000 after acquiring an additional 6,121 shares during the last quarter. Finally, Cable Hill Partners LLC raised its holdings in shares of JELD-WEN by 37.7% during the first quarter. Cable Hill Partners LLC now owns 49,611 shares of the company’s stock valued at $274,000 after acquiring an additional 13,570 shares during the last quarter. Institutional investors and hedge funds 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.