JELD-WEN (NYSE:JELD) Trading 5.2% Higher – Still a Buy?

JELD-WEN Holding, Inc. (NYSE:JELD) shares traded up 5.2% during mid-day trading on Thursday . The stock traded as high as $5.83 and last traded at $5.93. 531,044 shares traded hands during trading, a decline of 48% from the average session volume of 1,023,597 shares. The stock had previously closed at $5.64.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com downgraded JELD-WEN from a “hold” rating to a “sell” rating in a research note on Friday. UBS Group decreased their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Loop Capital cut their price target on 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 cut their price target on JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. Finally, Barclays cut their price target on JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating for the company in a report on Monday, February 24th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.06.

JELD-WEN Trading Up 4.1 %

The stock has a market cap of $523.10 million, a PE ratio of -2.76 and a beta of 2.23. 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 fifty day moving average price of $7.96 and a 200 day moving average price of $11.17.

JELD-WEN (NYSE:JELD) last announced its earnings results on Monday, February 17th. The company reported ($0.13) 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 analysts expect that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

Insider Transactions at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 86,801 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $5.62 per share, for a total transaction of $487,821.62. Following the acquisition, the insider now directly owns 12,389,409 shares in the company, valued at $69,628,478.58. The trade was a 0.71 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven E. Wynne acquired 10,000 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director now owns 28,000 shares in the company, valued at $168,280. This trade represents a 55.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 525,137 shares of company stock worth $3,719,287. 1.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On JELD-WEN

A number of large investors have recently bought and sold shares of the business. PharVision Advisers LLC acquired a new stake in shares of JELD-WEN in the fourth quarter valued at approximately $172,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of JELD-WEN by 17.1% in 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 purchasing an additional 31,640 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of JELD-WEN in the fourth quarter valued at approximately $888,000. Squarepoint Ops LLC acquired a new stake in shares of JELD-WEN in the fourth quarter valued at approximately $240,000. Finally, Turtle Creek Asset Management Inc. increased its holdings in shares of JELD-WEN by 7.2% in 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 purchasing an additional 1,000,000 shares during the last quarter. Hedge funds and other 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.