Key Points
- Turtle Creek Asset Management sold 300,000 JELD-WEN shares for $348,000, at an average price of $1.16. Its remaining 858,095 shares represent a 25.9% reduction in its ownership.
- JELD-WEN’s latest quarter met the $0.05-per-share earnings estimate, while revenue of $798.51 million came in below the $804.29 million consensus.
- Analyst sentiment is cautious: five analysts rate the stock Hold and one rates it Sell, giving it a consensus “Reduce” rating and an average price target of $1.98.
JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) major shareholder Turtle Creek Asset Management sold 300,000 shares of the company's stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $1.16, for a total transaction of $348,000.00. Following the sale, the insider directly owned 858,095 shares in the company, valued at approximately $995,390.20. This trade represents a 25.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
JELD-WEN Trading Up 3.5%
Shares of JELD stock opened at $1.04 on Friday. JELD-WEN Holding, Inc. has a 52-week low of $0.93 and a 52-week high of $3.27. The business's fifty day moving average is $1.69 and its 200 day moving average is $1.72. The company has a debt-to-equity ratio of 97.65, a quick ratio of 0.98 and a current ratio of 1.73. The company has a market capitalization of $90.66 million, a PE ratio of -0.54 and a beta of 2.28.
JELD-WEN (NYSE:JELD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. JELD-WEN had a negative net margin of 16.36% and a negative return on equity of 246.42%. The business had revenue of $798.51 million during the quarter, compared to the consensus estimate of $804.29 million.
Analysts Set New Price Targets
Several research analysts recently commented on JELD shares. UBS Group lifted their price target on JELD-WEN from $1.60 to $1.80 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $2.00 target price on shares of JELD-WEN in a report on Thursday, August 6th. Weiss Ratings raised JELD-WEN from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, September 29th. Wall Street Zen upgraded JELD-WEN from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Barclays decreased their price objective on JELD-WEN from $2.00 to $1.50 and set an "equal weight" rating for the company in a report on Thursday. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $1.98.
View Our Latest Analysis on JELD
Hedge Funds Weigh In On JELD-WEN
Institutional investors have recently bought and sold shares of the company. Pallas Capital Advisors LLC acquired a new stake in JELD-WEN during the second quarter worth approximately $30,000. State of Wyoming purchased a new position in JELD-WEN during the first quarter worth about $33,000. Wealthfront Advisers LLC acquired a new stake in shares of JELD-WEN in the second quarter worth approximately $34,000. Corient Private Wealth LP purchased a new stake in JELD-WEN in the second quarter valued at approximately $39,000. Finally, PNC Financial Services Group Inc. increased its position in JELD-WEN by 70.2% during the first quarter. PNC Financial Services Group Inc. now owns 38,783 shares of the company's stock worth $48,000 after purchasing an additional 15,998 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.
JELD-WEN Company Profile
(
Get Free Report)
JELD-WEN Holding, Inc is a manufacturer of windows and doors for residential and commercial construction and remodeling markets. Its products include vinyl, wood, aluminum and composite windows, as well as interior and exterior doors, patio doors and related building products.
The company sells products through building-product distributors, dealers, retail outlets and other channels. Its brands and product offerings serve new construction, repair and remodeling, and replacement applications, with products designed for homes, offices and other buildings.
Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has expanded into an international building-products company serving customers in North America, Europe and Australia.
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