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

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) traded 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.

Analyst Upgrades and Downgrades

Several research firms recently commented on JELD. Loop Capital assumed coverage on JELD-WEN in a research report on Thursday, February 15th. They issued a “hold” rating and a $22.00 target price on the stock. Truist Financial raised their price target on JELD-WEN from $15.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, February 21st. B. Riley upped their price objective on shares of JELD-WEN from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, February 21st. Oppenheimer began coverage on shares of JELD-WEN in a research note on Friday, January 19th. They set a “market perform” rating on the stock. Finally, Royal Bank of Canada upped their price target on shares of JELD-WEN from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 21st. One research 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.30.

JELD-WEN Trading Up 2.1 %

The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 29.33 and a beta of 2.35. 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 is $19.24 and its 200 day moving average is $17.35.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 last year, the company posted $0.47 EPS. Equities analysts forecast that JELD-WEN Holding, Inc. will post 1.6 earnings per share for the current year.

Insider Activity at JELD-WEN

In related news, Director Roderick Wendt sold 10,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $30.76, for a total value of $307,600.00. Following the completion of the transaction, the director now owns 294,558 shares in the company, valued at approximately $9,060,604.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 value of $1,071,360.00. Following the completion of the transaction, the insider now owns 760,463 shares in the company, valued at approximately $15,087,585.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roderick Wendt sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $30.76, for a total value of $307,600.00. Following the sale, the director now owns 294,558 shares of the company’s stock, valued at $9,060,604.08. The disclosure for this sale can be found here. Insiders sold 127,000 shares of company stock worth $2,698,610 in the last quarter. 1.03% of the stock is owned by company insiders.

Institutional Investors Weigh In On JELD-WEN

A number of institutional investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC boosted its position in JELD-WEN by 1.5% during the 4th quarter. SummerHaven Investment Management LLC now owns 40,531 shares of the company’s stock worth $765,000 after acquiring an additional 591 shares during the period. Diversified Trust Co raised its stake 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 valued at $516,000 after acquiring an additional 981 shares in the last quarter. Swiss National Bank raised its stake in shares of JELD-WEN by 0.8% in the 3rd quarter. Swiss National Bank now owns 186,800 shares of the company’s stock valued at $2,496,000 after acquiring an additional 1,500 shares in the last quarter. Rafferty Asset Management LLC raised its stake in shares of JELD-WEN by 9.7% in the 3rd quarter. Rafferty Asset Management LLC now owns 20,491 shares of the company’s stock valued at $274,000 after acquiring an additional 1,817 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of JELD-WEN by 790.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after acquiring an additional 1,922 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.