JELD-WEN (NYSE:JELD) Hits New 52-Week High at $21.75

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) hit a new 52-week high during trading on Friday . The company traded as high as $21.75 and last traded at $21.61, with a volume of 845009 shares traded. The stock had previously closed at $20.97.

Wall Street Analysts Forecast Growth

JELD has been the topic of a number of analyst reports. Loop Capital initiated coverage on shares of JELD-WEN in a research note on Thursday, February 15th. They set a “hold” rating and a $22.00 target price on the stock. B. Riley lifted their price target on shares of JELD-WEN from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, February 21st. Truist Financial lifted their price target on shares of JELD-WEN from $15.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, February 21st. Royal Bank of Canada lifted their price target on shares of JELD-WEN from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Wednesday, February 21st. Finally, Oppenheimer started coverage on shares of JELD-WEN in a research report on Friday, January 19th. They set a “market perform” rating for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $18.30.

JELD-WEN Stock Up 2.1 %

The company has a current ratio of 2.20, a quick ratio of 1.49 and a debt-to-equity ratio of 1.40. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 28.73 and a beta of 2.35. The firm’s fifty day simple moving average is $19.24 and its 200 day simple moving average is $17.35.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, February 19th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.25 by $0.12. JELD-WEN had a net margin of 1.40% and a return on equity of 17.99%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the business posted $0.47 EPS. Sell-side analysts predict that JELD-WEN Holding, Inc. will post 1.6 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Roderick Wendt sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $30.76, for a total transaction of $307,600.00. Following the completion of the sale, the director now owns 294,558 shares in the company, valued at approximately $9,060,604.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Turtle Creek Asset Management sold 53,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $19.55, for a total transaction of $1,036,150.00. Following the completion of the sale, the insider now owns 814,463 shares in the company, valued at approximately $15,922,751.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Roderick Wendt sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $30.76, for a total transaction of $307,600.00. Following the sale, the director now owns 294,558 shares of the company’s stock, valued at approximately $9,060,604.08. The disclosure for this sale can be found here. Insiders sold 127,000 shares of company stock worth $2,698,610 in the last 90 days. Corporate insiders own 1.03% of the company’s stock.

Institutional Trading of JELD-WEN

Several institutional investors and hedge funds have recently bought and sold shares of JELD. Norges Bank purchased a new stake in JELD-WEN in the 4th quarter valued at $9,783,000. Vanguard Group Inc. raised its position in JELD-WEN by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 8,790,549 shares of the company’s stock valued at $117,442,000 after purchasing an additional 344,435 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of JELD-WEN during the 1st quarter worth approximately $6,750,000. Congress Asset Management Co. MA acquired a new position in JELD-WEN in the 1st quarter valued at $4,631,000. Finally, Knights of Columbus Asset Advisors LLC raised its holdings in JELD-WEN by 146.5% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 302,860 shares of the company’s stock valued at $5,718,000 after acquiring an additional 179,998 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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.