Analysts Set JELD-WEN Holding, Inc. (NYSE:JELD) Price Target at $17.30

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $14.90.

Several research firms have recently issued reports on JELD. Jefferies Financial Group increased their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Loop Capital lowered their price target on JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. Barclays cut their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday. UBS Group reduced their target price on JELD-WEN from $19.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group dropped their price target on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday.

JELD-WEN Stock Down 5.5 %

Shares of JELD stock opened at $10.27 on Tuesday. JELD-WEN has a twelve month low of $8.90 and a twelve month high of $21.75. The stock has a market cap of $868.23 million, a P/E ratio of -5.61 and a beta of 2.25. The stock has a 50 day moving average of $14.64 and a 200 day moving average of $14.99. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.53.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.08). JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 11.97%. The firm had revenue of $934.70 million for the quarter, compared to analysts’ expectations of $990.64 million. During the same period last year, the firm earned $0.53 earnings per share. JELD-WEN’s revenue for the quarter was down 13.2% compared to the same quarter last year. As a group, sell-side analysts expect that JELD-WEN will post 1.29 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Turtle Creek Asset Management purchased 200,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was purchased at an average price of $10.48 per share, with a total value of $2,096,000.00. Following the completion of the acquisition, the insider now owns 11,941,452 shares in the company, valued at $125,146,416.96. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 1.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On JELD-WEN

Hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake in shares of JELD-WEN by 790.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after buying an additional 1,922 shares during the period. Innealta Capital LLC purchased a new position in JELD-WEN in the second quarter worth approximately $30,000. Blue Trust Inc. increased its stake in JELD-WEN by 79.8% during the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after acquiring an additional 1,284 shares during the last quarter. nVerses Capital LLC purchased a new stake in JELD-WEN in the second quarter valued at $92,000. Finally, MQS Management LLC purchased a new stake in JELD-WEN in the third quarter valued at $160,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

About JELD-WEN

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.