Shares of JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 1,531,154 shares traded hands during trading, an increase of 40% from the previous session's volume of 1,090,249 shares.The stock last traded at $6.01 and had previously closed at $5.84.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on JELD shares. Barclays decreased their target price on JELD-WEN from $9.00 to $6.00 and set an "equal weight" rating on the stock in a report on Monday, February 24th. Truist Financial lowered their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. Loop Capital decreased their target price on shares of JELD-WEN from $10.00 to $8.00 and set a "hold" rating on the stock in a research report on Wednesday, February 19th. UBS Group lowered their price target on shares of JELD-WEN from $9.00 to $7.50 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Finally, StockNews.com cut JELD-WEN from a "hold" rating to a "sell" rating in a research note on Friday, March 7th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $9.06.
Check Out Our Latest Stock Analysis on JELD-WEN
JELD-WEN Price Performance
The firm has a market capitalization of $491.28 million, a P/E ratio of -2.58 and a beta of 1.92. The stock's 50 day simple moving average is $6.92 and its 200 day simple moving average is $10.06. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03.
JELD-WEN (NYSE:JELD - Get Free Report) last announced its quarterly earnings data on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.20). The firm had revenue of $895.70 million during the quarter, compared to the consensus estimate of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. As a group, analysts expect that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.
Insider Buying and Selling at JELD-WEN
In related news, Director Steven E. Wynne bought 10,000 shares of the business's stock in a transaction on Thursday, February 27th. The shares were bought at an average price of $6.01 per share, for a total transaction of $60,100.00. Following the completion of the purchase, the director now directly owns 28,000 shares of the company's stock, valued at approximately $168,280. This trade represents a 55.56 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Turtle Creek Asset Management purchased 75,000 shares of the firm's stock in a transaction on Monday, January 13th. The shares were purchased at an average cost of $8.46 per share, with a total value of $634,500.00. Following the completion of the transaction, the insider now owns 12,320,226 shares of the company's stock, valued at approximately $104,229,111.96. The trade was a 0.61 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 645,137 shares of company stock valued at $4,435,687. Company insiders own 1.24% of the company's stock.
Hedge Funds Weigh In On JELD-WEN
A number of large investors have recently made changes to their positions in JELD. PharVision Advisers LLC purchased a new stake in JELD-WEN in the fourth quarter valued at about $172,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of JELD-WEN by 17.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 216,899 shares of the company's stock worth $1,776,000 after buying an additional 31,640 shares during the period. Voloridge Investment Management LLC purchased a new stake in shares of JELD-WEN during the fourth quarter valued at $888,000. Squarepoint Ops LLC acquired a new position in shares of JELD-WEN in the 4th quarter valued at $240,000. Finally, Turtle Creek Asset Management Inc. raised its stake in JELD-WEN by 7.2% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company's stock worth $121,564,000 after acquiring an additional 1,000,000 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.
About JELD-WEN
(
Get Free Report)
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.
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