Key Points
- Director Bruce Taten sold 19,483 shares of JELD-WEN on May 11 at an average price of $1.66, totaling about $32,342. After the sale, he still owned 88,158 shares, a reduction of 18.1% in his holdings.
- JELD-WEN shares were trading lower around $1.58, near the company's 12-month low of $0.93 and well below its 200-day average of $2.25. The stock also carries a heavy debt load, with a debt-to-equity ratio of 97.65.
- Recent earnings and analyst sentiment remain weak: the company reported a Q1 loss of $0.50 per share, missing estimates, and analysts currently rate the stock a consensus “Reduce” with an average price target of $2.11.
JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) Director Bruce Taten sold 19,483 shares of JELD-WEN stock in a transaction on Monday, May 11th. The stock was sold at an average price of $1.66, for a total value of $32,341.78. Following the completion of the transaction, the director owned 88,158 shares in the company, valued at $146,342.28. The trade was a 18.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
JELD-WEN Trading Down 2.2%
Shares of NYSE JELD opened at $1.58 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 97.65. JELD-WEN Holding, Inc. has a 12 month low of $0.93 and a 12 month high of $6.98. The company has a market cap of $135.69 million, a price-to-earnings ratio of -0.27 and a beta of 1.88. The business has a fifty day simple moving average of $1.39 and a 200-day simple moving average of $2.25.
JELD-WEN (NYSE:JELD - Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.20). JELD-WEN had a negative return on equity of 65.79% and a negative net margin of 16.02%.The company had revenue of $722.13 million for the quarter, compared to analyst estimates of $721.62 million.
Institutional Trading of JELD-WEN
Large investors have recently modified their holdings of the company. Quarry LP acquired a new position in JELD-WEN in the 3rd quarter valued at $49,000. Performa Ltd US LLC boosted its holdings in JELD-WEN by 73.8% during the fourth quarter. Performa Ltd US LLC now owns 12,950 shares of the company's stock valued at $32,000 after acquiring an additional 5,500 shares during the period. Zacks Investment Management acquired a new stake in shares of JELD-WEN in the third quarter valued at about $64,000. GAMMA Investing LLC increased its stake in shares of JELD-WEN by 264.0% in 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 during the period. Finally, Parkwoods Wealth Partners LLC bought a new position in shares of JELD-WEN in the fourth quarter worth about $34,000. 95.04% of the stock is owned by institutional investors.
Analyst Ratings Changes
JELD has been the subject of several recent analyst reports. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $1.75 target price on shares of JELD-WEN in a research 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 research note on Wednesday, May 6th. Finally, Wall Street Zen lowered shares of JELD-WEN from a "sell" rating to a "strong sell" rating in a research report on Saturday. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, JELD-WEN presently has an average rating of "Reduce" and a consensus price target of $2.11.
Check Out Our Latest Stock Report on JELD
About JELD-WEN
(
Get Free Report)
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.
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