Jeld-Wen (JELD) Trading Up 5.3%

Share on StockTwits

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.

Jeld-Wen (NYSE:JELD) last issued its earnings results on Tuesday, November 6th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Jeld-Wen had a net margin of 0.26% and a return on equity of 18.86%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the business earned $0.55 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, equities research analysts forecast that Jeld-Wen Holding Inc will post 1.59 earnings per share for the current fiscal year.

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.

TRADEMARK VIOLATION WARNING: “Jeld-Wen (JELD) Trading Up 5.3%” was originally reported by Week Herald and is the property of of Week Herald. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://weekherald.com/2018/11/10/jeld-wen-jeld-trading-up-5-3.html.

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.

Further Reading: Does the discount rate affect the economy?

Receive News & Ratings for Jeld-Wen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jeld-Wen and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply