Zacks Investment Research cut shares of Jeld-Wen (NYSE:JELD) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

According to Zacks, “JELD-WEN Holding, Inc. designs, produces and distributes interior and exterior doors, wood, vinyl and aluminum windows and related products for new construction and repair and remodeling of residential homes and non-residential buildings. The company’s brand portfolio includes JELD-WEN (R), Swedoor (R), DANA (R), Corinthian (R), Stegbar (R) and Trend (R). It operates primarily in North America, Europe and Australia. JELD-WEN Holding, Inc. is headquartered in Charlotte, North Carolina. “

JELD has been the topic of several other reports. ValuEngine lowered shares of Jeld-Wen from a buy rating to a hold rating in a report on Monday, October 2nd. B. Riley raised their target price on shares of Jeld-Wen from $33.00 to $38.00 and gave the company a neutral rating in a report on Wednesday, November 15th. Robert W. Baird reissued an outperform rating and issued a $40.00 target price (up from $38.00) on shares of Jeld-Wen in a report on Monday, October 2nd. Finally, Barclays set a $44.00 target price on shares of Jeld-Wen and gave the company a buy rating in a report on Monday, January 8th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Jeld-Wen has an average rating of Buy and a consensus price target of $38.40.

Jeld-Wen (JELD) opened at $41.01 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.93 and a debt-to-equity ratio of 1.40. Jeld-Wen has a 1-year low of $24.95 and a 1-year high of $42.27.

Jeld-Wen (NYSE:JELD) last released its earnings results on Tuesday, November 7th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. Jeld-Wen had a net margin of 9.12% and a return on equity of 58.83%. The firm had revenue of $991.40 million for the quarter, compared to analyst estimates of $974.98 million. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. research analysts expect that Jeld-Wen will post 1.62 EPS for the current year.

In related news, SVP John R. Linker sold 7,235 shares of Jeld-Wen stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $32.74, for a total transaction of $236,873.90. Following the sale, the senior vice president now directly owns 14,453 shares in the company, valued at approximately $473,191.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Corp Onex sold 12,465,047 shares of Jeld-Wen stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $32.74, for a total transaction of $408,105,638.78. The disclosure for this sale can be found here. Insiders have sold a total of 47,672,683 shares of company stock worth $1,560,803,641 over the last ninety days.

A number of large investors have recently bought and sold shares of JELD. Schwab Charles Investment Management Inc. boosted its position in Jeld-Wen by 355.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 135,093 shares of the company’s stock worth $4,386,000 after buying an additional 105,445 shares during the period. Rhumbline Advisers acquired a new stake in Jeld-Wen during the 2nd quarter worth approximately $862,000. Bank of New York Mellon Corp boosted its position in Jeld-Wen by 26.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 92,424 shares of the company’s stock worth $3,000,000 after buying an additional 19,355 shares during the period. Legal & General Group Plc boosted its position in Jeld-Wen by 177.8% during the 2nd quarter. Legal & General Group Plc now owns 11,056 shares of the company’s stock worth $359,000 after buying an additional 7,076 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Jeld-Wen during the 2nd quarter worth approximately $105,000. Institutional investors and hedge funds own 41.01% of the company’s stock.

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Jeld-Wen Company Profile

JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.

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