JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) gapped up prior to trading on Wednesday after an insider bought additional shares in the company. The stock had previously closed at $6.07, but opened at $6.20. JELD-WEN shares last traded at $6.22, with a volume of 106,781 shares traded.
Specifically, major shareholder Turtle Creek Asset Management purchased 70,000 shares of the company's stock in a transaction on Friday, March 21st. The stock was acquired at an average price of $5.97 per share, with a total value of $417,900.00. Following the transaction, the insider now directly owns 12,485,051 shares of the company's stock, valued at approximately $74,535,754.47. This represents a 0.56 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Analyst Ratings Changes
A number of equities analysts have issued reports on JELD shares. StockNews.com cut shares of JELD-WEN from a "hold" rating to a "sell" rating in a research report on Friday, March 7th. UBS Group reduced their price target on JELD-WEN from $9.00 to $7.50 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Truist Financial cut their price objective on JELD-WEN from $11.00 to $7.00 and set a "hold" rating on the stock in a research report on Wednesday, February 19th. The Goldman Sachs Group decreased their target price on JELD-WEN from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Finally, Loop Capital cut their price target on shares of JELD-WEN from $10.00 to $8.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $9.06.
Get Our Latest Analysis on JELD-WEN
JELD-WEN Stock Performance
The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The business's 50-day moving average is $7.29 and its 200-day moving average is $10.33. The company has a market capitalization of $516.04 million, a PE ratio of -2.71 and a beta of 2.22.
JELD-WEN (NYSE:JELD - Get Free Report) last posted its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.20). The company had revenue of $895.70 million during the quarter, compared to analysts' expectations of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. On average, research analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.
Hedge Funds Weigh In On JELD-WEN
Hedge funds have recently bought and sold shares of the company. Performa Ltd US LLC lifted its stake in shares of JELD-WEN by 1,580.0% in the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company's stock worth $34,000 after buying an additional 3,950 shares in the last quarter. Quarry LP bought a new position in JELD-WEN in the 4th quarter valued at approximately $46,000. US Bancorp DE boosted its stake in JELD-WEN by 257.6% during the 4th quarter. US Bancorp DE now owns 9,752 shares of the company's stock valued at $80,000 after purchasing an additional 7,025 shares during the last quarter. Brevan Howard Capital Management LP bought a new stake in shares of JELD-WEN in the 4th quarter worth $83,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of JELD-WEN in the fourth quarter worth $100,000. Institutional investors own 95.04% of the company's stock.
JELD-WEN Company Profile
(
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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