Shares of Jeld-Wen Holding Inc (NYSE:JELD) were up 5.3% during mid-day trading on Thursday . The stock traded as high as $17.92 and last traded at $17.90. Approximately 2,032,933 shares were traded during trading, an increase of 144% from the average daily volume of 833,672 shares. The stock had previously closed at $17.00.
Several analysts recently issued reports on JELD shares. Bank of America set a $23.00 price target on shares of Jeld-Wen and gave the stock a “sell” rating in a research report on Thursday, October 11th. Macquarie started coverage on shares of Jeld-Wen in a research report on Wednesday, September 26th. They set a “buy” rating and a $35.00 price target on the stock. Goldman Sachs Group started coverage on shares of Jeld-Wen in a research report on Tuesday, October 2nd. They set a “buy” rating and a $31.00 price target on the stock. Wells Fargo & Co reduced their price target on shares of Jeld-Wen from $29.00 to $19.00 and set a “market perform” rating on the stock in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of Jeld-Wen from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. Jeld-Wen presently has a consensus rating of “Hold” and a consensus target price of $25.07.
The company has a current ratio of 2.03, a quick ratio of 1.21 and a debt-to-equity ratio of 1.91. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 0.61 and a beta of 2.70.
In other news, EVP Peter Maxwell sold 4,982 shares of the firm’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $26.16, for a total transaction of $130,329.12. Following the completion of the transaction, the executive vice president now owns 17,136 shares of the company’s stock, valued at $448,277.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.55% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Caption Management LLC bought a new position in shares of Jeld-Wen during the second quarter valued at $143,000. Amalgamated Bank raised its stake in shares of Jeld-Wen by 19.1% during the second quarter. Amalgamated Bank now owns 10,717 shares of the company’s stock valued at $306,000 after acquiring an additional 1,721 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Jeld-Wen during the third quarter valued at $296,000. Commonwealth Bank of Australia bought a new position in shares of Jeld-Wen during the third quarter valued at $320,000. Finally, Xact Kapitalforvaltning AB raised its stake in shares of Jeld-Wen by 23.7% during the second quarter. Xact Kapitalforvaltning AB now owns 14,600 shares of the company’s stock valued at $417,000 after acquiring an additional 2,800 shares during the last quarter. 63.76% of the stock is owned by hedge funds and other institutional investors.
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About Jeld-Wen (NYSE:JELD)
JELD-WEN Holding, Inc 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, and aluminum windows.
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