JELD-WEN Holding, Inc. (NYSE:JELD – Get Rating) Director David G. Nord acquired 20,000 shares of the business's stock in a transaction that occurred on Friday, September 9th. The shares were bought at an average price of $11.00 per share, for a total transaction of $220,000.00. Following the completion of the purchase, the director now owns 20,000 shares of the company's stock, valued at $220,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
JELD-WEN Trading Down 7.8 %
JELD traded down $0.88 during trading on Tuesday, reaching $10.37. The company had a trading volume of 1,727,300 shares, compared to its average volume of 993,546. The firm's 50-day simple moving average is $14.02 and its 200 day simple moving average is $17.47. The company has a market cap of $873.77 million, a price-to-earnings ratio of 7.57 and a beta of 2.30. JELD-WEN Holding, Inc. has a 12-month low of $10.07 and a 12-month high of $28.30. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.33 and a current ratio of 2.14.
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JELD-WEN (NYSE:JELD – Get Rating) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.12). The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.33 billion. JELD-WEN had a return on equity of 19.00% and a net margin of 2.59%. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 EPS. Equities research analysts anticipate that JELD-WEN Holding, Inc. will post 1.66 earnings per share for the current year.
Hedge Funds Weigh In On JELD-WEN
Institutional investors and hedge funds have recently bought and sold shares of the business. Soapstone Management L.P. grew its stake in JELD-WEN by 2.4% during the 1st quarter. Soapstone Management L.P. now owns 750,000 shares of the company's stock valued at $15,210,000 after acquiring an additional 17,500 shares in the last quarter. Pzena Investment Management LLC grew its stake in JELD-WEN by 6.8% during the 1st quarter. Pzena Investment Management LLC now owns 7,900,293 shares of the company's stock valued at $160,218,000 after acquiring an additional 503,453 shares in the last quarter. Versor Investments LP grew its stake in JELD-WEN by 139.0% during the 1st quarter. Versor Investments LP now owns 20,162 shares of the company's stock valued at $409,000 after acquiring an additional 11,727 shares in the last quarter. First Eagle Investment Management LLC grew its stake in JELD-WEN by 124.5% during the 4th quarter. First Eagle Investment Management LLC now owns 26,149 shares of the company's stock valued at $689,000 after acquiring an additional 14,500 shares in the last quarter. Finally, Barclays PLC grew its stake in JELD-WEN by 48.4% during the 4th quarter. Barclays PLC now owns 178,222 shares of the company's stock valued at $4,697,000 after acquiring an additional 58,106 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company's stock.
Analysts Set New Price Targets
A number of analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of JELD-WEN from $18.50 to $15.00 in a research report on Friday, July 15th. Stifel Nicolaus lowered JELD-WEN from a "buy" rating to a "hold" rating and cut their price objective for the company from $22.00 to $17.00 in a report on Tuesday, August 2nd. Credit Suisse Group cut their price target on shares of JELD-WEN from $24.00 to $20.00 and set an "outperform" rating for the company in a report on Monday, August 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of JELD-WEN in a research note on Wednesday, August 17th. They issued a "hold" rating and a $15.00 price objective on the stock. Finally, UBS Group cut their target price on shares of JELD-WEN from $35.00 to $21.00 and set a "buy" rating for the company in a research note on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, JELD-WEN has an average rating of "Hold" and an average price target of $17.33.
About JELD-WEN
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JELD-WEN Holding, Inc designs, manufactures, and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, aluminum, and wood composite windows.
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