JELD-WEN (NYSE:JELD) Shares Gap Up Following Insider Buying Activity

JELD-WEN Holding, Inc. (NYSE:JELD) gapped up before the market opened on Wednesday following insider buying activity. The stock had previously closed at $6.07, but opened at $6.20. JELD-WEN shares last traded at $6.22, with a volume of 106,781 shares traded.

Specifically, major shareholder Turtle Creek Asset Management acquired 70,000 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average cost of $5.97 per share, with a total value of $417,900.00. Following the completion of the transaction, the insider now directly owns 12,485,051 shares of the company’s stock, valued at approximately $74,535,754.47. This represents a 0.56 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analysts Set New Price Targets

JELD has been the topic of several research analyst reports. StockNews.com cut shares of JELD-WEN from a “hold” rating to a “sell” rating in a research note on Friday, March 7th. Barclays lowered their price objective on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. The Goldman Sachs Group cut their target price on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada lowered their price target on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a report on Wednesday, February 19th. Finally, UBS Group cut their price objective on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9.06.

JELD-WEN Stock Up 2.5 %

The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The firm has a market cap of $534.82 million, a PE ratio of -2.81 and a beta of 2.22. The company’s 50 day moving average price is $7.36 and its two-hundred day moving average price is $10.40.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.20). The company had revenue of $895.70 million for the quarter, compared to analysts’ expectations of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. On average, equities research analysts expect that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Intech Investment Management LLC purchased a new position in JELD-WEN during the third quarter valued at approximately $293,000. Dynamic Technology Lab Private Ltd raised its position in shares of JELD-WEN by 96.1% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,848 shares of the company’s stock valued at $709,000 after purchasing an additional 21,981 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of JELD-WEN by 10.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock valued at $573,000 after buying an additional 3,383 shares in the last quarter. State Street Corp boosted its holdings in JELD-WEN by 1.1% in the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company’s stock worth $31,594,000 after buying an additional 21,264 shares during the period. Finally, K2 Principal Fund L.P. purchased a new stake in JELD-WEN in the 3rd quarter worth $278,000. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Company Profile

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.