Steven E. Wynne Buys 10,000 Shares of JELD-WEN Holding, Inc. (NYSE:JELD) Stock

JELD-WEN Holding, Inc. (NYSE:JELD) Director Steven E. Wynne bought 10,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was purchased 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 of the company’s stock, valued at $168,280. The trade was a 55.56 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

JELD-WEN Trading Down 6.3 %

Shares of JELD-WEN stock opened at $5.49 on Friday. JELD-WEN Holding, Inc. has a 1 year low of $5.49 and a 1 year high of $21.75. The firm has a market cap of $465.83 million, a PE ratio of -2.46 and a beta of 2.17. 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 company has a 50 day simple moving average of $8.22 and a two-hundred day simple moving average of $11.46.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Turtle Creek Asset Management Inc. raised its stake in shares of 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 worth $121,564,000 after acquiring an additional 1,000,000 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of JELD-WEN by 16.5% during the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock worth $91,443,000 after acquiring an additional 1,583,238 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of JELD-WEN by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company’s stock worth $69,984,000 after acquiring an additional 101,944 shares in the last quarter. American Century Companies Inc. raised its stake in shares of JELD-WEN by 12.3% during the fourth quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock worth $47,305,000 after acquiring an additional 634,101 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of JELD-WEN by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,701,950 shares of the company’s stock worth $30,319,000 after buying an additional 146,581 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Royal Bank of Canada decreased their price objective 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 price objective 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. StockNews.com upgraded shares of JELD-WEN from a “sell” rating to a “hold” rating in a research report on Thursday. B. Riley cut their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Finally, Barclays cut 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 research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.