JELD-WEN (NYSE:JELD) Downgraded to Sell Rating by StockNews.com

StockNews.com cut shares of JELD-WEN (NYSE:JELD) from a hold rating to a sell rating in a research report released on Wednesday morning.

A number of other analysts have also recently commented on JELD. Royal Bank of Canada lowered their price target on JELD-WEN from $5.00 to $2.00 and set an “underperform” rating for the company in a research report on Wednesday, May 7th. UBS Group lowered their price target on JELD-WEN from $7.50 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Loop Capital lowered their price target on JELD-WEN from $8.00 to $4.00 and set a “hold” rating for the company in a research report on Thursday, May 8th. The Goldman Sachs Group decreased their price objective on JELD-WEN from $6.00 to $5.25 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Finally, Barclays decreased their price objective on JELD-WEN from $5.00 to $4.50 and set an “equal weight” rating for the company in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.34.

JELD-WEN Stock Performance

Shares of JELD opened at $4.04 on Wednesday. The stock has a 50-day moving average of $5.37 and a two-hundred day moving average of $7.80. JELD-WEN has a one year low of $3.73 and a one year high of $17.70. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The stock has a market cap of $344.45 million, a P/E ratio of -1.81 and a beta of 1.86.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The company had revenue of $776.00 million during the quarter, compared to analysts’ expectations of $769.25 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The firm’s revenue was down 19.1% compared to the same quarter last year. As a group, research analysts predict that JELD-WEN will post 0.88 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Turtle Creek Asset Management acquired 150,000 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of $4.26 per share, for a total transaction of $639,000.00. Following the purchase, the insider now owns 13,250,853 shares in the company, valued at approximately $56,448,633.78. This represents a 1.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David G. Nord purchased 20,000 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $5.96 per share, with a total value of $119,200.00. Following the completion of the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $238,400. This represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 864,404 shares of company stock worth $4,662,392. Corporate insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

Large investors have recently made changes to their positions in the stock. MetLife Investment Management LLC grew its position in shares of JELD-WEN by 6.3% in the fourth quarter. MetLife Investment Management LLC now owns 51,911 shares of the company’s stock valued at $425,000 after purchasing an additional 3,066 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of JELD-WEN by 11.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,225,439 shares of the company’s stock valued at $18,226,000 after purchasing an additional 220,815 shares in the last quarter. Hennessy Advisors Inc. grew its position in shares of JELD-WEN by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 477,200 shares of the company’s stock valued at $3,908,000 after purchasing an additional 30,400 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of JELD-WEN by 45.8% in the fourth quarter. Wells Fargo & Company MN now owns 51,214 shares of the company’s stock valued at $419,000 after purchasing an additional 16,091 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of JELD-WEN by 64.0% in the fourth quarter. JPMorgan Chase & Co. now owns 213,281 shares of the company’s stock valued at $1,747,000 after purchasing an additional 83,203 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

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.