JELD-WEN (NYSE:JELD) Raised to “Hold” at Wall Street Zen

by · The Markets Daily

JELD-WEN (NYSE:JELD – Get Free Report) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other equities analysts have also weighed in on JELD. UBS Group increased their target price on shares of JELD-WEN from $1.60 to $1.80 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 29th. The Goldman Sachs Group restated a “neutral” rating and set a $2.00 price target on shares of JELD-WEN in a research note on Thursday, August 6th. Finally, 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. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $1.98.

Check Out Our Latest Stock Analysis on JELD

JELD-WEN Stock Up 2.5%

JELD stock opened at $1.04 on Friday. The company has a debt-to-equity ratio of 97.65, a quick ratio of 1.06 and a current ratio of 1.82. The company has a market capitalization of $90.69 million, a price-to-earnings ratio of -0.54 and a beta of 2.28. JELD-WEN has a fifty-two week low of $0.93 and a fifty-two week high of $3.27. The stock has a fifty day moving average of $1.69 and a 200-day moving average of $1.72.

JELD-WEN (NYSE:JELD – Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. JELD-WEN had a negative return on equity of 971.86% and a negative net margin of 5.26%. The company had revenue of $798.51 million during the quarter, compared to analyst estimates of $804.29 million.

Insider Activity

In related news, major shareholder Turtle Creek Asset Management sold 300,000 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $1.16, for a total transaction of $348,000.00. Following the sale, the insider owned 858,095 shares of the company’s stock, valued at approximately $995,390.20. This represents a 25.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.87% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JELD. Public Employees Retirement System of Ohio grew its stake in JELD-WEN by 4.4% during the first quarter. Public Employees Retirement System of Ohio now owns 162,062 shares of the company’s stock valued at $201,000 after acquiring an additional 6,786 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in JELD-WEN by 70.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 38,783 shares of the company’s stock worth $48,000 after purchasing an additional 15,998 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in JELD-WEN in the 2nd quarter worth approximately $30,000. Wealthfront Advisers LLC bought a new position in JELD-WEN in the 2nd quarter valued at $34,000. Finally, Corient Private Wealth LP bought a new position in JELD-WEN in the 2nd quarter valued at $39,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

About JELD-WEN

(Get Free Report)

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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