JELD-WEN (NYSE:JELD) Downgraded to "Sell" Rating by StockNews.com

JELD-WEN (NYSE:JELD - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Wednesday.

A number of other equities research analysts also recently weighed in on JELD. Royal Bank of Canada lowered their price objective on shares of JELD-WEN from $5.00 to $2.00 and set an "underperform" rating for the company in a research report on Wednesday, May 7th. The Goldman Sachs Group lowered their price objective on shares of JELD-WEN from $6.00 to $5.25 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Barclays decreased their target price on shares of JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Truist Financial decreased their target price 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. Finally, Loop Capital decreased their target price on shares of JELD-WEN from $8.00 to $4.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $7.34.

JELD-WEN Stock Performance

Shares of NYSE:JELD traded down $0.21 during trading on Wednesday, reaching $3.82. 1,278,462 shares of the company's stock traded hands, compared to its average volume of 1,027,739. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. JELD-WEN has a 12 month low of $3.73 and a 12 month high of $17.70. The company has a 50 day moving average of $5.33 and a 200-day moving average of $7.64. The stock has a market capitalization of $326.10 million, a P/E ratio of -1.71 and a beta of 1.86.

JELD-WEN (NYSE:JELD - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.17) earnings per share for the quarter, beating analysts' consensus estimates of ($0.19) by $0.02. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The business had revenue of $776.00 million during the quarter, compared to the consensus estimate of $769.25 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The company's revenue for the quarter was down 19.1% compared to the same quarter last year. On average, equities analysts expect that JELD-WEN will post 0.88 EPS for the current year.

Insiders Place Their Bets

In other news, Director David G. Nord bought 20,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average cost of $5.96 per share, with a total value of $119,200.00. Following the completion of the acquisition, the director now directly owns 40,000 shares in the company, valued at approximately $238,400. The trade was a 100.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Turtle Creek Asset Management purchased 72,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $6.08 per share, for a total transaction of $437,760.00. Following the completion of the transaction, the insider now owns 701,934 shares of the company's stock, valued at $4,267,758.72. This represents a 11.43% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 864,404 shares of company stock worth $4,662,392. Insiders own 1.24% of the company's stock.

Hedge Funds Weigh In On JELD-WEN

Several large investors have recently made changes to their positions in JELD. Performa Ltd US LLC lifted its stake in JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company's stock valued at $34,000 after purchasing an additional 3,950 shares during the last quarter. Quarry LP bought a new position in shares of JELD-WEN in the fourth quarter valued at $46,000. CWM LLC lifted its position in shares of JELD-WEN by 2,140.2% during the 1st quarter. CWM LLC now owns 6,407 shares of the company's stock valued at $38,000 after acquiring an additional 6,121 shares during the last quarter. US Bancorp DE lifted its position in shares of 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 acquiring an additional 7,025 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in shares of JELD-WEN during the 4th quarter worth $83,000. Institutional investors own 95.04% of the company's stock.

About JELD-WEN

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.