Bruce Taten Sells 19,483 Shares of JELD-WEN (NYSE:JELD) Stock

JELD-WEN Holding, Inc. (NYSE:JELD) Director Bruce Taten sold 19,483 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $1.66, for a total value of $32,341.78. Following the completion of the sale, the director owned 88,158 shares in the company, valued at approximately $146,342.28. This represents a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

JELD-WEN Stock Performance

JELD traded down $0.04 during trading hours on Tuesday, hitting $1.58. The company’s stock had a trading volume of 1,607,509 shares, compared to its average volume of 1,839,214. JELD-WEN Holding, Inc. has a fifty-two week low of $0.93 and a fifty-two week high of $6.98. The company has a current ratio of 1.68, a quick ratio of 0.93 and a debt-to-equity ratio of 97.65. The firm has a market capitalization of $135.69 million, a PE ratio of -0.27 and a beta of 1.88. The company has a 50-day simple moving average of $1.40 and a 200 day simple moving average of $2.27.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, May 4th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.20). JELD-WEN had a negative net margin of 16.02% and a negative return on equity of 65.79%. The firm had revenue of $722.13 million for the quarter, compared to analyst estimates of $721.62 million.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $1.75 price target on shares of JELD-WEN in a research report on Wednesday, May 6th. Wall Street Zen cut JELD-WEN from a “sell” rating to a “strong sell” rating in a research report on Saturday. Finally, UBS Group lowered their price target on JELD-WEN from $3.00 to $1.60 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $2.11.

Hedge Funds Weigh In On JELD-WEN

A number of hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its holdings in shares of JELD-WEN by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,585 shares of the company’s stock worth $132,000 after acquiring an additional 2,416 shares during the last quarter. Rhumbline Advisers boosted its position in shares of JELD-WEN by 2.9% in the second quarter. Rhumbline Advisers now owns 132,758 shares of the company’s stock worth $520,000 after buying an additional 3,711 shares during the period. Intech Investment Management LLC boosted its position in shares of JELD-WEN by 12.5% in the fourth quarter. Intech Investment Management LLC now owns 37,771 shares of the company’s stock worth $93,000 after buying an additional 4,195 shares during the period. Rafferty Asset Management LLC boosted its position in shares of JELD-WEN by 21.8% in the second quarter. Rafferty Asset Management LLC now owns 30,048 shares of the company’s stock worth $118,000 after buying an additional 5,385 shares during the period. Finally, Performa Ltd US LLC boosted its position in shares of JELD-WEN by 73.8% in the fourth quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock worth $32,000 after buying an additional 5,500 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

About JELD-WEN

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.