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 issued on Wednesday.

Other equities research analysts have also issued research reports about the company. Loop Capital reduced their price target on JELD-WEN from $8.00 to $4.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Barclays reduced their price target on JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Royal Bank of Canada cut their target price on JELD-WEN from $5.00 to $2.00 and set an "underperform" rating on the stock in a research report on Wednesday, May 7th. UBS Group cut their target price on JELD-WEN from $7.50 to $5.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group cut their target price on JELD-WEN from $6.00 to $5.25 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $7.34.

JELD-WEN Price Performance

JELD traded up $0.06 on Wednesday, reaching $4.04. The stock had a trading volume of 1,133,610 shares, compared to its average volume of 1,026,646. JELD-WEN has a fifty-two week low of $3.73 and a fifty-two week high of $17.70. The firm has a 50-day moving average of $5.37 and a 200-day moving average of $7.80. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $344.45 million, a price-to-earnings ratio of -1.81 and a beta of 1.86.

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

Insiders Place Their Bets

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 72,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average cost of $6.08 per share, with a total value 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. The trade was a 11.43% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David G. Nord purchased 20,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $5.96 per share, with a total value of $119,200.00. Following the completion of the transaction, the director now directly owns 40,000 shares of the company's stock, valued at $238,400. The trade was a 100.00% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 864,404 shares of company stock worth $4,662,392. Corporate insiders own 1.24% of the company's stock.

Institutional Trading of JELD-WEN

A number of large investors have recently bought and sold shares of the company. Empowered Funds LLC increased its position in JELD-WEN by 3.1% in the first quarter. Empowered Funds LLC now owns 442,547 shares of the company's stock worth $2,642,000 after buying an additional 13,115 shares during the last quarter. Aristeia Capital L.L.C. bought a new position in shares of JELD-WEN in the first quarter worth $289,000. Caxton Associates LLP bought a new position in shares of JELD-WEN in the first quarter worth $526,000. Millennium Management LLC boosted its holdings in shares of JELD-WEN by 42.7% in the first quarter. Millennium Management LLC now owns 902,802 shares of the company's stock worth $5,390,000 after acquiring an additional 270,226 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of JELD-WEN by 31.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 288,879 shares of the company's stock worth $1,725,000 after acquiring an additional 69,027 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

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.