JELD-WEN (NYSE:JELD) Shares Up 6.9%

JELD-WEN Holding, Inc. (NYSE:JELD)’s stock price shot up 6.9% during mid-day trading on Thursday . The company traded as high as $20.26 and last traded at $20.10. 351,027 shares were traded during mid-day trading, a decline of 28% from the average session volume of 487,631 shares. The stock had previously closed at $18.80.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JELD. B. Riley lifted their price objective on shares of JELD-WEN from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, February 21st. Loop Capital initiated coverage on shares of JELD-WEN in a research report on Thursday, February 15th. They issued a “hold” rating and a $22.00 target price on the stock. Oppenheimer initiated coverage on shares of JELD-WEN in a research report on Friday, January 19th. They issued a “market perform” rating on the stock. Truist Financial raised their target price on shares of JELD-WEN from $15.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, February 21st. Finally, Royal Bank of Canada raised their target price on shares of JELD-WEN from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.30.

JELD-WEN Trading Up 11.5 %

The company has a quick ratio of 1.49, a current ratio of 2.20 and a debt-to-equity ratio of 1.40. The firm’s 50-day moving average price is $19.21 and its 200 day moving average price is $17.32. The company has a market capitalization of $1.80 billion, a P/E ratio of 27.53 and a beta of 2.35.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Monday, February 19th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.12. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. JELD-WEN had a net margin of 1.40% and a return on equity of 17.99%. During the same period in the previous year, the company earned $0.47 earnings per share. As a group, equities research analysts predict that JELD-WEN Holding, Inc. will post 1.6 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Roderick Wendt sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $30.76, for a total transaction of $307,600.00. Following the sale, the director now owns 294,558 shares of the company’s stock, valued at approximately $9,060,604.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Roderick Wendt sold 10,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $30.76, for a total value of $307,600.00. Following the transaction, the director now owns 294,558 shares of the company’s stock, valued at approximately $9,060,604.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Turtle Creek Asset Management sold 54,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $19.84, for a total transaction of $1,071,360.00. Following the completion of the transaction, the insider now directly owns 760,463 shares in the company, valued at approximately $15,087,585.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 127,000 shares of company stock valued at $2,698,610. Company insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

Institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its position in JELD-WEN by 790.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after buying an additional 1,922 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of JELD-WEN in the 1st quarter worth about $6,750,000. Diversified Trust Co lifted its position in shares of JELD-WEN by 4.2% in the 1st quarter. Diversified Trust Co now owns 24,301 shares of the company’s stock worth $516,000 after purchasing an additional 981 shares during the period. Congress Asset Management Co. MA bought a new position in shares of JELD-WEN in the 1st quarter worth about $4,631,000. Finally, Vanguard Group Inc. increased its stake in shares of JELD-WEN by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 8,862,466 shares of the company’s stock worth $167,323,000 after acquiring an additional 71,917 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Company Profile

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.