JELD-WEN (NYSE:JELD) Stock Lifted to Hold by Wall Street Zen

Key Points

• Wall Street Zen upgraded JELD-WEN from “sell” to “hold.” Overall analyst sentiment remains cautious: MarketBeat reports an average “Reduce” rating and an average price target of $1.98.
• JELD-WEN reported quarterly EPS of $0.05, matching estimates, while revenue of $798.51 million came in below the $804.29 million consensus.
• The stock opened at $1.04, near its 52-week low of $0.93; its major shareholder Turtle Creek Asset Management also sold 300,000 shares.

JELD-WEN (NYSE:JELD - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other analysts have also recently issued reports about the company. Barclays lowered their price target on JELD-WEN from $2.00 to $1.50 and set an "equal weight" rating for the company in a research note on Thursday. UBS Group boosted their price target on JELD-WEN from $1.60 to $1.80 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $2.00 target price on shares of JELD-WEN in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of JELD-WEN from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, September 29th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $1.98.

JELD-WEN Price Performance

JELD opened at $1.04 on Friday. The company has a 50 day simple moving average of $1.69 and a two-hundred day simple moving average of $1.72. JELD-WEN has a 1-year low of $0.93 and a 1-year high of $3.27. The company has a current ratio of 1.73, a quick ratio of 0.98 and a debt-to-equity ratio of 97.65.

JELD-WEN (NYSE:JELD - Get Free Report) last announced its earnings results on Tuesday, November 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $798.51 million for the quarter, compared to analyst estimates of $804.29 million. JELD-WEN had a negative net margin of 16.36% and a negative return on equity of 246.42%.

Insider Transactions at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management sold 300,000 shares of the company's stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $1.16, for a total transaction of $348,000.00. Following the completion of the transaction, the insider owned 858,095 shares of the company's stock, valued at approximately $995,390.20. This represents a 25.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.87% of the company's stock.

Institutional Investors Weigh In On JELD-WEN

Large investors have recently modified their holdings of the stock. Miller Value Partners LLC purchased a new position in shares of JELD-WEN in the 2nd quarter worth about $10,709,000. BlackRock Inc. acquired a new stake in shares of JELD-WEN during the 2nd quarter worth approximately $3,668,000. Jefferies Financial Group Inc. boosted its holdings in JELD-WEN by 16.7% in the third quarter. Jefferies Financial Group Inc. now owns 882,000 shares of the company's stock valued at $1,623,000 after purchasing an additional 126,537 shares during the period. Bank of America Corp DE purchased a new stake in JELD-WEN in the second quarter valued at approximately $723,000. Finally, GSA Capital Partners LLP acquired a new position in shares of JELD-WEN during the 2nd quarter worth $691,000. Hedge funds and other institutional investors own 95.04% of the company's stock.

JELD-WEN Company Profile

JELD-WEN Holding, Inc is a manufacturer of windows and doors for residential and commercial construction and remodeling markets. Its products include vinyl, wood, aluminum and composite windows, as well as interior and exterior doors, patio doors and related building products.

The company sells products through building-product distributors, dealers, retail outlets and other channels. Its brands and product offerings serve new construction, repair and remodeling, and replacement applications, with products designed for homes, offices and other buildings.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has expanded into an international building-products company serving customers in North America, Europe and Australia.

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