JELD-WEN (NYSE:JELD) Trading Up 6.5% - Still a Buy?

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report)'s share price was up 6.5% during mid-day trading on Monday . The company traded as high as $9.08 and last traded at $9.13. Approximately 137,923 shares traded hands during trading, a decline of 79% from the average daily volume of 649,630 shares. The stock had previously closed at $8.57.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on JELD shares. UBS Group reissued a "neutral" rating and set a $9.00 target price (down from $15.00) on shares of JELD-WEN in a research note on Wednesday, January 8th. B. Riley dropped their price target on shares of JELD-WEN from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. Barclays dropped their price target on shares of JELD-WEN from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada dropped their price target on shares of JELD-WEN from $9.00 to $8.00 and set an "underperform" rating on the stock in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group dropped their price target on shares of JELD-WEN from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, JELD-WEN currently has an average rating of "Hold" and a consensus price target of $12.75.

JELD-WEN Price Performance

The stock's fifty day moving average price is $9.03 and its 200-day moving average price is $12.15. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The firm has a market cap of $758.62 million, a price-to-earnings ratio of -4.92 and a beta of 2.17.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management purchased 110,000 shares of the business's stock in a transaction dated Friday, January 10th. The shares were acquired at an average price of $7.65 per share, for a total transaction of $841,500.00. Following the completion of the acquisition, the insider now directly owns 12,259,784 shares of the company's stock, valued at $93,787,347.60. The trade was a 0.91 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought 310,000 shares of company stock worth $2,463,500 over the last 90 days. 1.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its position in JELD-WEN by 1,167.9% in the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company's stock worth $34,504,000 after acquiring an additional 2,010,275 shares in the last quarter. Pzena Investment Management LLC grew its position in JELD-WEN by 16.5% in the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company's stock worth $91,443,000 after acquiring an additional 1,583,238 shares in the last quarter. Alberta Investment Management Corp bought a new stake in JELD-WEN in the fourth quarter worth approximately $9,492,000. Vaughan Nelson Investment Management L.P. grew its position in JELD-WEN by 57.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company's stock worth $33,200,000 after acquiring an additional 764,645 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of JELD-WEN by 12.3% during the 4th quarter. American Century Companies Inc. now owns 5,775,940 shares of the company's stock worth $47,305,000 after buying an additional 634,101 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

JELD-WEN Company Profile

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.