JELD-WEN (NYSE:JELD) Raised to Sell at Wall Street Zen

Key Points

• Wall Street Zen upgraded JELD-WEN from “strong sell” to “sell,” while broader analyst sentiment remains “Reduce,” with an average price target of $2.10.
• JELD-WEN shares opened at $1.91, after trading between $0.93 and $6.97 over the past year. The company recently beat quarterly EPS estimates, reporting a $0.11 loss per share versus the expected $0.14 loss, and revenue of $817.84 million.
• JELD-WEN continues to show weak profitability, including a negative net margin of 16.36% and negative return on equity of 246.42%; meanwhile, institutional investors own 95.04% of the stock.

JELD-WEN (NYSE:JELD - Get Free Report) was upgraded by Wall Street Zen from a "strong sell" rating to a "sell" rating in a report released on Saturday.

A number of other equities research analysts have also weighed in on JELD. UBS Group lifted their price objective on JELD-WEN from $1.60 to $1.80 and gave the stock a "neutral" rating in a research report on Wednesday. Barclays upped their target price on JELD-WEN from $1.50 to $2.00 and gave the company an "equal weight" rating in a report on Wednesday. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of JELD-WEN in a research note on Friday, May 22nd. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $2.00 price target on shares of JELD-WEN in a report on Thursday. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $2.10.

JELD-WEN Stock Performance

JELD-WEN stock opened at $1.91 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.93 and a debt-to-equity ratio of 97.65. The firm has a market cap of $165.28 million, a P/E ratio of -0.32 and a beta of 2.10. JELD-WEN has a 1-year low of $0.93 and a 1-year high of $6.97. The firm has a 50-day moving average of $1.51 and a 200-day moving average of $1.71.

JELD-WEN (NYSE:JELD - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.03. The company had revenue of $817.84 million for the quarter, compared to the consensus estimate of $792.64 million. JELD-WEN had a negative return on equity of 246.42% and a negative net margin of 16.36%.

Insider Activity at JELD-WEN

In other JELD-WEN news, Director Bruce M. Taten sold 19,483 shares of the firm's stock in a transaction on 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 transaction, the director owned 88,158 shares of the company's stock, valued at approximately $146,342.28. This trade represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.87% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of JELD-WEN in the 2nd quarter worth approximately $3,668,000. Miller Value Partners LLC increased 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 valued at $10,170,000 after buying an additional 2,065,370 shares in the last quarter. One Fin Capital Management LP bought a new position in JELD-WEN during the 4th quarter valued at approximately $4,920,000. Arrowstreet Capital Limited Partnership purchased a new position in JELD-WEN during the third quarter valued at $9,730,000. Finally, Millennium Management LLC raised its stake in JELD-WEN by 76.2% during the third quarter. Millennium Management LLC now owns 2,673,994 shares of the company's stock valued at $13,129,000 after buying an additional 1,156,751 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

About JELD-WEN

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.

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