JELD-WEN's (JELD) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Key Points

• JELD-WEN's stock rating has been reaffirmed as "sell (D-)" by Weiss Ratings, indicating continued concerns from analysts regarding the company's performance.
• Jefferies Financial Group has raised JELD-WEN's price target from $3.75 to $5.25, while other firms also increased their targets, contributing to a consensus rating of "Reduce" with an average price target of $6.03.
• Institutional investors hold a significant stake in JELD-WEN, owning 95.04% of the company's stock, with notable increases in positions from several investment firms recently.

JELD-WEN (NYSE:JELD - Get Free Report)'s stock had its "sell (d-)" rating restated by stock analysts at Weiss Ratings in a research note issued to investors on Tuesday,Weiss Ratings reports.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group raised their price target on JELD-WEN from $3.75 to $5.25 and gave the stock a "hold" rating in a research note on Wednesday, August 20th. Barclays increased their price objective on JELD-WEN from $4.50 to $5.00 and gave the company an "equal weight" rating in a report on Thursday, August 7th. Wall Street Zen raised JELD-WEN from a "strong sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, UBS Group raised their target price on JELD-WEN from $5.00 to $5.75 and gave the company a "neutral" rating in a report on Thursday, August 7th. Seven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, JELD-WEN currently has a consensus rating of "Reduce" and an average price target of $6.03.

JELD-WEN Stock Up 0.6%

JELD-WEN stock traded up $0.03 during mid-day trading on Tuesday, hitting $4.39. The company's stock had a trading volume of 167,620 shares, compared to its average volume of 1,546,905. The firm's 50 day moving average is $5.62 and its 200 day moving average is $4.89. The company has a market cap of $374.48 million, a PE ratio of -1.08 and a beta of 1.70. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.77 and a quick ratio of 1.04. JELD-WEN has a 52-week low of $3.27 and a 52-week high of $16.03.

Hedge Funds Weigh In On JELD-WEN

Institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. raised its position in shares of JELD-WEN by 94.2% during the second quarter. Federated Hermes Inc. now owns 2,707,888 shares of the company's stock worth $10,615,000 after acquiring an additional 1,313,463 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of JELD-WEN during the second quarter worth $4,363,000. Assenagon Asset Management S.A. bought a new stake in shares of JELD-WEN during the third quarter worth $3,406,000. IMS Capital Management bought a new stake in shares of JELD-WEN during the second quarter worth $2,689,000. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of JELD-WEN by 131.2% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,190,150 shares of the company's stock worth $7,105,000 after acquiring an additional 675,320 shares during the last quarter. 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.

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