Bruce Taten Sells 19,483 Shares of JELD-WEN (NYSE:JELD) Stock

JELD-WEN Holding, Inc. (NYSE:JELD) Director Bruce Taten sold 19,483 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $1.66, for a total value of $32,341.78. Following the transaction, the director directly owned 88,158 shares in the company, valued at approximately $146,342.28. The trade was a 18.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

JELD-WEN Trading Down 4.1%

Shares of NYSE:JELD opened at $1.51 on Thursday. JELD-WEN Holding, Inc. has a 1 year low of $0.93 and a 1 year high of $6.98. The stock’s fifty day moving average price is $1.38 and its 200-day moving average price is $2.23. 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 company has a market cap of $129.66 million, a P/E ratio of -0.25 and a beta of 1.88.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, May 4th. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.20). JELD-WEN had a negative net margin of 16.02% and a negative return on equity of 65.79%. The firm had revenue of $722.13 million during the quarter, compared to the consensus estimate of $721.62 million.

Institutional Investors Weigh In On JELD-WEN

Institutional investors have recently bought and sold shares of the business. Quarry LP purchased a new stake in JELD-WEN in the 3rd quarter worth $49,000. Performa Ltd US LLC increased its stake in JELD-WEN by 73.8% in the 4th quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock worth $32,000 after buying an additional 5,500 shares in the last quarter. Zacks Investment Management purchased a new stake in shares of JELD-WEN during the third quarter worth about $64,000. GAMMA Investing LLC grew its position in shares of JELD-WEN by 264.0% during the fourth quarter. GAMMA Investing LLC now owns 13,443 shares of the company’s stock worth $33,000 after purchasing an additional 9,750 shares in the last quarter. Finally, Parkwoods Wealth Partners LLC purchased a new stake in shares of JELD-WEN during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $1.75 target price on shares of JELD-WEN in a report on Wednesday, May 6th. UBS Group lowered their target price on JELD-WEN from $3.00 to $1.60 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Finally, Wall Street Zen downgraded JELD-WEN from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, JELD-WEN has an average rating of “Reduce” and an average target price of $2.11.

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.