JELD-WEN (NYSE:JELD) Director Sells $32,341.78 in Stock

JELD-WEN Holding, Inc. (NYSE:JELD) Director Bruce Taten sold 19,483 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $146,342.28. The trade was a 18.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

JELD-WEN Price Performance

JELD-WEN stock opened at $1.56 on Friday. The company’s fifty day moving average price is $1.37 and its 200 day moving average price is $2.20. JELD-WEN Holding, Inc. has a 1 year low of $0.93 and a 1 year high of $6.98. The stock has a market capitalization of $133.96 million, a P/E ratio of -0.26 and a beta of 1.88. The company has a debt-to-equity ratio of 97.65, a quick ratio of 0.93 and a current ratio of 1.68.

JELD-WEN (NYSE:JELD) last released 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). JELD-WEN had a negative net margin of 16.02% and a negative return on equity of 65.79%. The company had revenue of $722.13 million during the quarter, compared to analyst estimates of $721.62 million.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on JELD. Wall Street Zen cut shares of JELD-WEN from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th. UBS Group dropped their price target on shares of JELD-WEN from $3.00 to $1.60 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $1.75 price target on shares of JELD-WEN in a research note on Wednesday, May 6th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $2.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JELD. Royal Bank of Canada lifted its holdings in JELD-WEN by 66.1% in the 1st quarter. Royal Bank of Canada now owns 53,641 shares of the company’s stock valued at $321,000 after purchasing an additional 21,346 shares in the last quarter. AQR Capital Management LLC lifted its holdings in JELD-WEN by 37.5% in the 1st quarter. AQR Capital Management LLC now owns 375,806 shares of the company’s stock valued at $2,244,000 after purchasing an additional 102,543 shares in the last quarter. Millennium Management LLC lifted its holdings in JELD-WEN by 42.7% in the 1st quarter. Millennium Management LLC now owns 902,802 shares of the company’s stock valued at $5,390,000 after purchasing an additional 270,226 shares in the last quarter. Empowered Funds LLC lifted its holdings in JELD-WEN by 3.1% in the 1st quarter. Empowered Funds LLC now owns 442,547 shares of the company’s stock valued at $2,642,000 after purchasing an additional 13,115 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in JELD-WEN by 82.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,514 shares of the company’s stock valued at $2,367,000 after purchasing an additional 179,615 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

About JELD-WEN

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.