Jeld-Wen Target of Unusually High Options Trading (JELD)

Jeld-Wen Holding Inc (NYSE:JELD) was the target of some unusual options trading activity on Monday. Traders bought 1,066 put options on the stock. This represents an increase of approximately 966% compared to the typical volume of 100 put options.

JELD has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Jeld-Wen from a “hold” rating to a “sell” rating in a report on Wednesday, January 9th. Royal Bank of Canada downgraded shares of Jeld-Wen from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $21.00 to $18.00 in a report on Friday, January 11th. Seaport Global Securities initiated coverage on shares of Jeld-Wen in a research report on Friday, March 15th. They issued a “buy” rating and a $26.00 target price for the company. Finally, Credit Suisse Group set a $20.00 target price on shares of Jeld-Wen and gave the company a “hold” rating in a research report on Tuesday, February 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $22.57.

NYSE JELD opened at $21.69 on Tuesday. The stock has a market cap of $2.19 billion, a PE ratio of 13.56, a P/E/G ratio of 1.08 and a beta of 2.89. Jeld-Wen has a 12 month low of $13.28 and a 12 month high of $32.32. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.72 and a quick ratio of 0.95.

Jeld-Wen (NYSE:JELD) last released its quarterly earnings results on Tuesday, February 19th. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.06. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Jeld-Wen had a return on equity of 20.96% and a net margin of 3.32%. Jeld-Wen’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 EPS. On average, analysts expect that Jeld-Wen will post 1.78 earnings per share for the current fiscal year.

In related news, Chairman Kirk S. Hachigian sold 42,927 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $20.08, for a total transaction of $861,974.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.47% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in JELD. Pzena Investment Management LLC increased its holdings in shares of Jeld-Wen by 21.5% during the fourth quarter. Pzena Investment Management LLC now owns 8,345,441 shares of the company’s stock valued at $118,589,000 after purchasing an additional 1,477,003 shares during the period. FMR LLC boosted its position in shares of Jeld-Wen by 21.1% in the 4th quarter. FMR LLC now owns 6,631,180 shares of the company’s stock valued at $94,229,000 after purchasing an additional 1,157,073 shares during the period. Raging Capital Management LLC boosted its position in shares of Jeld-Wen by 178.0% in the 4th quarter. Raging Capital Management LLC now owns 1,223,056 shares of the company’s stock valued at $17,380,000 after purchasing an additional 783,056 shares during the period. Norges Bank acquired a new position in shares of Jeld-Wen in the 4th quarter valued at $10,991,000. Finally, Dimensional Fund Advisors LP boosted its position in Jeld-Wen by 47.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,260,627 shares of the company’s stock worth $17,914,000 after acquiring an additional 408,034 shares during the period. Hedge funds and other institutional investors own 68.20% of the company’s stock.

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Jeld-Wen Company Profile

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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