JELD-WEN (NYSE:JELD) Trading 0.3% Higher – Here’s Why

JELD-WEN Holding, Inc. (NYSE:JELD)’s share price shot up 0.3% during trading on Monday . The company traded as high as $1.21 and last traded at $1.1740. Approximately 1,044,795 shares were traded during mid-day trading, a decline of 48% from the average session volume of 1,994,245 shares. The stock had previously closed at $1.17.

Analyst Ratings Changes

Several brokerages have recently weighed in on JELD. UBS Group reduced their price target on JELD-WEN from $3.00 to $1.60 and set a “neutral” rating for the company 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 report on Saturday, May 9th. Weiss Ratings restated a “sell (e+)” rating on shares of JELD-WEN in a research note on Friday, May 22nd. The Goldman Sachs Group reduced their target price on JELD-WEN from $1.75 to $1.50 and set a “neutral” rating for the company in a report on Friday, July 10th. Finally, Barclays decreased their price target on JELD-WEN from $2.50 to $1.50 and set an “equal weight” rating on the stock in a research report on Tuesday, July 14th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $1.80.

JELD-WEN Stock Up 0.3%

The company has a debt-to-equity ratio of 97.65, a current ratio of 1.68 and a quick ratio of 0.93. The company has a market cap of $101.14 million, a PE ratio of -0.20 and a beta of 2.10. The company has a fifty day moving average price of $1.59 and a 200 day moving average price of $1.82.

JELD-WEN (NYSE:JELD) last announced its earnings results on Monday, May 4th. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.20). The company had revenue of $722.12 million during the quarter, compared to analysts’ expectations of $721.62 million. JELD-WEN had a negative net margin of 16.02% and a negative return on equity of 65.79%.

Insider Transactions at JELD-WEN

In other JELD-WEN news, Director Bruce M. Taten sold 19,483 shares of JELD-WEN stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $1.66, for a total transaction of $32,341.78. Following the completion of the sale, the director owned 88,158 shares of the company’s stock, valued at $146,342.28. The trade was a 18.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.87% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On JELD-WEN

A number of large investors have recently modified their holdings of the company. Tudor Investment Corp ET AL bought a new stake in shares of JELD-WEN in the 3rd quarter valued at about $2,506,000. Miller Value Partners LLC grew its position in JELD-WEN by 99.8% during the 4th quarter. Miller Value Partners LLC now owns 4,134,210 shares of the company’s stock worth $10,170,000 after acquiring an additional 2,065,370 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in JELD-WEN by 519.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 28,219 shares of the company’s stock worth $69,000 after acquiring an additional 23,663 shares during the last quarter. Performa Ltd US LLC increased its stake in JELD-WEN by 73.8% in the 4th quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock worth $32,000 after purchasing an additional 5,500 shares during the period. Finally, Wealthfront Advisers LLC purchased a new position in JELD-WEN in the 4th quarter worth approximately $56,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

JELD-WEN Company Profile

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.