JELD-WEN Holding, Inc. (NYSE:JELD) Receives $13.63 Consensus Target Price from Brokerages

JELD-WEN Holding, Inc. (NYSE:JELD) has been given a consensus rating of “Hold” by the nine analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $13.63.

JELD has been the subject of several recent research reports. The Goldman Sachs Group reduced their price target on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Barclays lowered their price objective on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada cut their target price on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, December 18th. UBS Group dropped their price objective on JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group lifted their target price on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th.

Insider Buying and Selling at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management purchased 200,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was purchased at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the completion of the purchase, the insider now owns 11,941,452 shares in the company, valued at approximately $125,146,416.96. This trade represents a 1.70 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

A number of institutional investors and hedge funds have recently made changes to their positions in JELD. Blue Trust Inc. grew its position in JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after purchasing an additional 1,284 shares in the last quarter. Sei Investments Co. increased its stake in shares of JELD-WEN by 13.2% in the second quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock worth $242,000 after purchasing an additional 2,100 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of JELD-WEN by 102.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company’s stock valued at $59,000 after purchasing an additional 2,216 shares during the period. Innealta Capital LLC bought a new position in JELD-WEN in the 2nd quarter worth approximately $30,000. Finally, The Manufacturers Life Insurance Company raised its holdings in JELD-WEN by 7.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,436 shares of the company’s stock valued at $585,000 after acquiring an additional 3,066 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Trading Down 2.0 %

NYSE:JELD opened at $8.21 on Wednesday. The business’s 50-day moving average price is $11.22 and its two-hundred day moving average price is $13.44. JELD-WEN has a 1-year low of $8.05 and a 1-year high of $21.75. The firm has a market capitalization of $694.73 million, a price-to-earnings ratio of -4.49 and a beta of 2.12. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The business had revenue of $934.70 million during the quarter, compared to the consensus estimate of $990.64 million. During the same quarter last year, the company earned $0.53 earnings per share. The firm’s revenue was down 13.2% compared to the same quarter last year. On average, equities analysts expect that JELD-WEN will post 0.73 earnings per share for the current year.

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.