Insider Buying: JELD-WEN Holding, Inc. (NYSE:JELD) Director Buys 20,000 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD) Director David G. Nord purchased 20,000 shares of JELD-WEN stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average price of $5.96 per share, for a total transaction of $119,200.00. Following the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at $238,400. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

JELD-WEN Trading Down 1.7 %

JELD-WEN stock traded down $0.10 during mid-day trading on Wednesday, hitting $5.79. The company’s stock had a trading volume of 881,658 shares, compared to its average volume of 984,388. 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 company has a 50 day moving average of $8.39 and a 200-day moving average of $11.60. JELD-WEN Holding, Inc. has a one year low of $5.62 and a one year high of $21.75. The stock has a market cap of $491.28 million, a PE ratio of -2.60 and a beta of 2.17.

JELD-WEN (NYSE:JELD) last posted its quarterly 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). JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The company had revenue of $895.70 million during the quarter, compared to the consensus estimate of $860.82 million. On average, research analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

Hedge Funds Weigh In On JELD-WEN

A number of institutional investors have recently modified their holdings of the stock. PharVision Advisers LLC bought a new position in JELD-WEN in the fourth quarter worth approximately $172,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of JELD-WEN by 17.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 216,899 shares of the company’s stock worth $1,776,000 after buying an additional 31,640 shares during the period. Voloridge Investment Management LLC bought a new position in shares of JELD-WEN during the 4th quarter worth $888,000. Squarepoint Ops LLC purchased a new position in shares of JELD-WEN during the fourth quarter valued at $240,000. Finally, Turtle Creek Asset Management Inc. raised 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 acquiring an additional 1,000,000 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Loop Capital reduced their target price on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. The Goldman Sachs Group reduced their price objective on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada lowered their price objective on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a research note on Wednesday, February 19th. StockNews.com downgraded JELD-WEN from a “hold” rating to a “sell” rating in a research report on Wednesday, February 19th. Finally, Barclays lowered their price target on JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating for the company in a research report on Monday. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.06.

JELD-WEN Company Profile

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.