Wall Street Zen upgraded shares of JELD-WEN (NYSE:JELD – Free Report) from a sell rating to a hold rating in a research note published on Saturday,Wall Street Zen reports.
Several other analysts have also commented on JELD. The Goldman Sachs Group reissued a “neutral” rating and issued a $2.00 price objective on shares of JELD-WEN in a report on Thursday, August 6th. UBS Group increased their target price on JELD-WEN from $1.60 to $1.80 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Barclays dropped their price target on shares of JELD-WEN from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Weiss Ratings raised shares of JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 29th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, JELD-WEN has a consensus rating of “Reduce” and an average target price of $1.98.
View Our Latest Stock Report on JELD-WEN
JELD-WEN Trading Up 3.5%
JELD stock opened at $1.04 on Friday. The company’s 50-day simple moving average is $1.69 and its 200-day simple moving average is $1.72. The company has a quick ratio of 0.98, a current ratio of 1.82 and a debt-to-equity ratio of 97.65. JELD-WEN has a 52-week low of $0.93 and a 52-week high of $3.27. The firm has a market cap of $90.68 million, a P/E ratio of -0.54 and a beta of 2.28.
JELD-WEN (NYSE:JELD – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. JELD-WEN had a negative return on equity of 971.86% and a negative net margin of 5.26%. The firm had revenue of $798.51 million for the quarter, compared to analysts’ expectations of $804.29 million.
Insider Activity at JELD-WEN
In other JELD-WEN news, major shareholder Turtle Creek Asset Management sold 300,000 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $1.16, for a total transaction of $348,000.00. Following the completion of the transaction, the insider owned 858,095 shares of the company’s stock, valued at $995,390.20. This represents a 25.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.87% of the stock is owned by insiders.
Institutional Trading of JELD-WEN
Several large investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of JELD-WEN in the second quarter worth about $3,668,000. Jefferies Financial Group Inc. purchased a new stake in JELD-WEN during the 2nd quarter valued at about $1,133,000. Miller Value Partners LLC purchased a new stake in JELD-WEN during the 2nd quarter valued at about $10,709,000. Ieq Capital LLC purchased a new stake in JELD-WEN during the 2nd quarter valued at about $508,000. Finally, Bank of America Corp DE acquired a new stake in JELD-WEN in the 2nd quarter valued at about $723,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.
JELD-WEN Company Profile
JELD-WEN Holding, Inc is a manufacturer of windows and doors for residential and commercial construction and remodeling markets. Its products include vinyl, wood, aluminum and composite windows, as well as interior and exterior doors, patio doors and related building products.
The company sells products through building-product distributors, dealers, retail outlets and other channels. Its brands and product offerings serve new construction, repair and remodeling, and replacement applications, with products designed for homes, offices and other buildings.
Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has expanded into an international building-products company serving customers in North America, Europe and Australia.
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