JELD-WEN (NYSE:JELD) Stock Price Down 4.2%

JELD-WEN Holding, Inc. (NYSE:JELD) fell 4.2% on Monday . The stock traded as low as $19.17 and last traded at $19.22. 664,685 shares traded hands during mid-day trading, an increase of 18% from the average session volume of 561,875 shares. The stock had previously closed at $20.06.

Wall Street Analyst Weigh In

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

JELD-WEN Trading Down 5.2 %

The company has a market cap of $1.64 billion, a P/E ratio of 27.48 and a beta of 2.32. The company has a current ratio of 2.20, a quick ratio of 1.49 and a debt-to-equity ratio of 1.40. The stock’s 50 day moving average is $19.47 and its 200-day moving average is $17.75.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Monday, February 19th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. JELD-WEN had a return on equity of 17.99% and a net margin of 1.40%. During the same period in the prior year, the company posted $0.47 earnings per share. Research analysts anticipate that JELD-WEN Holding, Inc. will post 1.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Roderick Wendt sold 10,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $30.76, for a total transaction of $307,600.00. Following the completion of the sale, the director now owns 294,558 shares in the company, valued at $9,060,604.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Turtle Creek Asset Management sold 54,000 shares of JELD-WEN stock in a transaction dated 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 transaction, the insider now directly owns 760,463 shares of the company’s stock, valued at approximately $15,087,585.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Roderick Wendt sold 10,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $30.76, for a total transaction of $307,600.00. Following the completion of the sale, the director now directly owns 294,558 shares of the company’s stock, valued at $9,060,604.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,000 shares of company stock valued at $2,698,610. Company insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its holdings in shares of JELD-WEN by 790.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after purchasing an additional 1,922 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of JELD-WEN during the 4th quarter valued at about $47,000. Quest Partners LLC bought a new position in shares of JELD-WEN in the 4th quarter valued at about $103,000. DekaBank Deutsche Girozentrale purchased a new position in JELD-WEN in the fourth quarter worth about $118,000. Finally, International Assets Investment Management LLC purchased a new stake in JELD-WEN during the 4th quarter valued at $125,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

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.