JELD-WEN Holding, Inc. (NYSE:JELD) Director Acquires $60,100.00 in Stock

JELD-WEN Holding, Inc. (NYSE:JELD) Director Steven E. Wynne acquired 10,000 shares of JELD-WEN stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $6.01 per share, with a total value of $60,100.00. Following the transaction, the director now owns 28,000 shares in the company, valued at approximately $168,280. This represents a 55.56 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

JELD-WEN Price Performance

NYSE JELD opened at $5.49 on Friday. The company has a 50 day simple moving average of $8.28 and a 200-day simple moving average of $11.52. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The firm has a market capitalization of $465.83 million, a price-to-earnings ratio of -2.46 and a beta of 2.17. JELD-WEN Holding, Inc. has a 52-week low of $5.49 and a 52-week high of $21.75.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). The company had revenue of $895.70 million during the quarter, compared to analysts’ expectations of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. Equities research analysts predict that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on JELD shares. Royal Bank of Canada decreased their target price on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a report on Wednesday, February 19th. Loop Capital decreased their target price on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. Truist Financial decreased their target price on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. The Goldman Sachs Group decreased their target price on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Finally, Barclays decreased their target price on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating for the company in a report on Monday, February 24th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $9.06.

Hedge Funds Weigh In On JELD-WEN

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PharVision Advisers LLC bought a new position in JELD-WEN during the fourth quarter valued at approximately $172,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in JELD-WEN by 17.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 216,899 shares of the company’s stock valued at $1,776,000 after acquiring an additional 31,640 shares in the last quarter. Voloridge Investment Management LLC bought a new position in JELD-WEN during the fourth quarter valued at approximately $888,000. Squarepoint Ops LLC bought a new position in JELD-WEN during the fourth quarter valued at approximately $240,000. Finally, Turtle Creek Asset Management Inc. raised its position in JELD-WEN by 7.2% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock valued at $121,564,000 after acquiring an additional 1,000,000 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

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.