JELD-WEN (NYSE:JELD) Trading 0.3% Higher – Still a Buy?

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) were up 0.3% during trading on Monday . The company traded as high as $1.21 and last traded at $1.1740. 1,044,795 shares were traded during mid-day trading, a decline of 48% from the average session volume of 1,994,245 shares. The stock had previously closed at $1.17.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. The Goldman Sachs Group cut their price target on shares of JELD-WEN from $1.75 to $1.50 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Barclays cut their target price on JELD-WEN from $2.50 to $1.50 and set an “equal weight” rating on the stock in a research report on Tuesday, July 14th. UBS Group reduced their target price on JELD-WEN from $3.00 to $1.60 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of JELD-WEN in a research report on Friday, May 22nd. Finally, Wall Street Zen downgraded JELD-WEN from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, JELD-WEN has a consensus rating of “Reduce” and a consensus price target of $1.80.

JELD-WEN Price Performance

The firm has a market capitalization of $101.23 million, a PE ratio of -0.20 and a beta of 2.10. The firm’s fifty day moving average price is $1.58 and its 200 day moving average price is $1.81. The company has a current ratio of 1.68, a quick ratio of 0.93 and a debt-to-equity ratio of 97.65.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, May 4th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.20). JELD-WEN had a negative return on equity of 65.79% and a negative net margin of 16.02%.The business had revenue of $722.12 million for the quarter, compared to analysts’ expectations of $721.62 million.

Insider Buying and Selling

In related news, Director Bruce M. Taten sold 19,483 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $1.66, for a total transaction of $32,341.78. Following the sale, the director directly owned 88,158 shares of the company’s stock, valued at $146,342.28. This trade represents a 18.10% 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. 1.87% of the stock is currently owned by company insiders.

Institutional Trading of JELD-WEN

A number of hedge funds have recently added to or reduced their stakes in JELD. Tudor Investment Corp ET AL purchased a new stake in shares of JELD-WEN during the 3rd quarter worth about $2,506,000. Miller Value Partners LLC boosted its stake in JELD-WEN by 99.8% during the 4th quarter. Miller Value Partners LLC now owns 4,134,210 shares of the company’s stock worth $10,170,000 after purchasing an additional 2,065,370 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in JELD-WEN during the fourth quarter worth about $42,000. JPMorgan Chase & Co. grew its position in shares of JELD-WEN by 51.6% in the third quarter. JPMorgan Chase & Co. now owns 393,894 shares of the company’s stock valued at $1,934,000 after purchasing an additional 134,086 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of JELD-WEN by 44.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,005,284 shares of the company’s stock worth $2,473,000 after acquiring an additional 311,658 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

JELD-WEN Company Profile

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.