JELD-WEN (NYSE:JELD) Upgraded to Sell at Wall Street Zen

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

Other research analysts also recently issued reports about the company. UBS Group raised their price objective on JELD-WEN from $1.60 to $1.80 and gave the company a “neutral” rating in a research note on Wednesday. Weiss Ratings reiterated a “sell (e+)” rating on shares of JELD-WEN in a report on Friday, May 22nd. The Goldman Sachs Group reissued a “neutral” rating and issued a $2.00 price target on shares of JELD-WEN in a research report on Thursday. Finally, Barclays boosted their price objective on shares of JELD-WEN from $1.50 to $2.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, JELD-WEN presently has a consensus rating of “Reduce” and a consensus target price of $2.10.

JELD-WEN Trading Up 7.6%

Shares of NYSE:JELD opened at $1.91 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.93 and a debt-to-equity ratio of 97.65. The stock has a market capitalization of $165.28 million, a PE ratio of -0.32 and a beta of 2.10. JELD-WEN has a 1 year low of $0.93 and a 1 year high of $6.97. The firm has a fifty day moving average price of $1.51 and a 200 day moving average price of $1.71.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, August 3rd. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.03. The company had revenue of $817.84 million for the quarter, compared to analyst estimates of $792.64 million. JELD-WEN had a negative return on equity of 246.42% and a negative net margin of 16.36%.

Insider Buying and Selling

In other JELD-WEN news, Director Bruce M. Taten sold 19,483 shares of JELD-WEN 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 of the company’s stock, valued at approximately $146,342.28. The trade was a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.87% of the stock is currently owned by corporate insiders.

Institutional Trading of JELD-WEN

Institutional investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL bought a new position in shares of JELD-WEN during the third quarter valued at $2,506,000. Miller Value Partners LLC increased its position in shares of 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 in the last quarter. State of Wyoming bought a new position in JELD-WEN during the 1st quarter valued at about $33,000. RBF Capital LLC bought a new position in JELD-WEN during the 1st quarter valued at about $310,000. Finally, Norris Financial Group LLC acquired a new position in JELD-WEN in the first quarter valued at about $132,000. Institutional investors and hedge funds 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.