JELD-WEN (NYSE:JELD) Trading 0.3% Higher - Here's Why

Key Points

• JELD-WEN shares were nearly flat, rising 0.3% on Monday to around $1.17, with trading volume below its daily average.
• Analysts remain cautious: several firms have cut price targets recently, and the stock now carries a consensus “Reduce” rating with an average target price of $1.80.
• Fundamentals remain under pressure, as the company reported a quarterly EPS loss wider than expected and continues to show weak profitability and high leverage.

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) was up 0.3% during trading on Monday . The company traded as high as $1.21 and last traded at $1.1740. 1,044,795 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 1,994,245 shares. The stock had previously closed at $1.17.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on JELD shares. The Goldman Sachs Group cut their price objective on shares of JELD-WEN from $1.75 to $1.50 and set a "neutral" rating on the stock in a report on Friday, July 10th. Wall Street Zen downgraded shares of JELD-WEN from a "sell" rating to a "strong sell" rating in a report on Saturday, May 9th. UBS Group dropped their price target on shares of JELD-WEN from $3.00 to $1.60 and set a "neutral" rating on the stock in a research report on Wednesday, May 6th. Barclays cut their price target on shares of JELD-WEN from $2.50 to $1.50 and set an "equal weight" rating on the stock in a report on Tuesday, July 14th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of JELD-WEN in a research report on Friday, May 22nd. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $1.80.

JELD-WEN Stock Up 0.3%

The stock has a fifty day moving average of $1.59 and a 200 day moving average of $1.82. The company has a debt-to-equity ratio of 97.65, a current ratio of 1.68 and a quick ratio of 0.93. The firm has a market capitalization of $101.14 million, a P/E ratio of -0.20 and a beta of 2.10.

JELD-WEN (NYSE:JELD - Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.30) by ($0.20). The business had revenue of $722.12 million during the quarter, compared to the consensus estimate of $721.62 million. JELD-WEN had a negative net margin of 16.02% and a negative return on equity of 65.79%.

Insiders Place Their Bets

In related news, Director Bruce M. Taten sold 19,483 shares of the firm's stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $1.66, for a total transaction of $32,341.78. Following the completion of the sale, the director owned 88,158 shares in the company, valued at approximately $146,342.28. This trade represents a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.87% of the company's stock.

Hedge Funds Weigh In On JELD-WEN

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norris Financial Group LLC bought a new stake in shares of JELD-WEN in the first quarter valued at approximately $132,000. Bank of America Corp DE lifted its stake in shares of JELD-WEN by 76.7% during the 1st quarter. Bank of America Corp DE now owns 490,809 shares of the company's stock valued at $609,000 after buying an additional 213,098 shares in the last quarter. RBF Capital LLC bought a new position in JELD-WEN in the 1st quarter worth approximately $310,000. Public Employees Retirement System of Ohio boosted its holdings in JELD-WEN by 4.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 162,062 shares of the company's stock worth $201,000 after buying an additional 6,786 shares during the period. Finally, Sei Investments Co. purchased a new position in JELD-WEN in the 1st quarter valued at approximately $76,000. Institutional investors own 95.04% of the company's stock.

JELD-WEN Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.