JELD-WEN (NYSE:JELD) Lowered to Strong Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of JELD-WEN (NYSE:JELD) from a sell rating to a strong sell rating in a research note released on Saturday.

Other analysts have also recently issued research reports about the company. UBS Group cut their target price on JELD-WEN from $3.00 to $1.60 and set a “neutral” rating on the stock in a research report on Wednesday. The Goldman Sachs Group reiterated a “neutral” rating and set a $1.75 target price on shares of JELD-WEN in a research report on Wednesday. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $2.11.

JELD-WEN Stock Up 1.5%

Shares of NYSE JELD opened at $1.72 on Friday. The company has a market capitalization of $147.75 million, a price-to-earnings ratio of -0.29 and a beta of 1.88. The company has a debt-to-equity ratio of 97.65, a current ratio of 1.68 and a quick ratio of 0.99. The business has a 50-day moving average of $1.41 and a two-hundred day moving average of $2.32. JELD-WEN has a 1 year low of $0.93 and a 1 year high of $6.98.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Monday, May 4th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.20). The business had revenue of $722.13 million for the quarter, compared to analysts’ expectations of $721.62 million. JELD-WEN had a negative return on equity of 65.79% and a negative net margin of 16.02%.

Institutional Trading of JELD-WEN

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in shares of JELD-WEN by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 33,585 shares of the company’s stock worth $132,000 after purchasing an additional 2,416 shares in the last quarter. Rhumbline Advisers increased its position in JELD-WEN by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 132,758 shares of the company’s stock valued at $520,000 after acquiring an additional 3,711 shares during the period. Intech Investment Management LLC increased its position in JELD-WEN by 12.5% in the 4th quarter. Intech Investment Management LLC now owns 37,771 shares of the company’s stock valued at $93,000 after acquiring an additional 4,195 shares during the period. Rafferty Asset Management LLC increased its position in JELD-WEN by 21.8% in the 2nd quarter. Rafferty Asset Management LLC now owns 30,048 shares of the company’s stock valued at $118,000 after acquiring an additional 5,385 shares during the period. Finally, Performa Ltd US LLC increased its position in JELD-WEN by 73.8% in the 4th quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock valued at $32,000 after acquiring an additional 5,500 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

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.