JELD-WEN Holding, Inc. (NYSE:JELD) Receives $12.75 Consensus PT from Analysts

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have been assigned a consensus rating of “Reduce” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $12.75.

JELD has been the subject of a number of analyst reports. Jefferies Financial Group lifted their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Barclays reduced their price objective on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Royal Bank of Canada lowered their target price on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research report on Wednesday, December 18th. B. Riley reduced their price target on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Finally, UBS Group reissued a “neutral” rating and set a $9.00 price objective (down previously from $15.00) on shares of JELD-WEN in a report on Wednesday, January 8th.

Insiders Place Their Bets

In related news, major shareholder Turtle Creek Asset Management purchased 75,000 shares of JELD-WEN stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average price of $8.46 per share, for a total transaction of $634,500.00. Following the transaction, the insider now directly owns 12,320,226 shares in the company, valued at approximately $104,229,111.96. This represents a 0.61 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders have bought 960,000 shares of company stock valued at $9,086,500. 1.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JELD-WEN

Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after purchasing an additional 1,284 shares during the period. Sei Investments Co. boosted its holdings in JELD-WEN by 13.2% during the second quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock worth $242,000 after buying an additional 2,100 shares during the last quarter. Diversified Trust Co grew its position in shares of JELD-WEN by 8.8% during the 4th quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock worth $226,000 after buying an additional 2,242 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of JELD-WEN by 7.6% in 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. Finally, BNP Paribas Financial Markets boosted its stake in JELD-WEN by 10.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock worth $573,000 after acquiring an additional 3,383 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Trading Up 3.0 %

Shares of NYSE:JELD opened at $9.79 on Friday. The company has a 50 day moving average price of $9.53 and a 200 day moving average price of $12.83. The stock has a market capitalization of $828.01 million, a price-to-earnings ratio of -5.35 and a beta of 2.16. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. JELD-WEN has a 1-year low of $7.43 and a 1-year high of $21.75.

JELD-WEN (NYSE:JELD) last announced its 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 negative net margin of 3.98% and a positive return on equity of 12.32%. The firm had revenue of $934.70 million for the quarter, compared to analyst estimates 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. On average, research analysts anticipate that JELD-WEN will post 0.73 EPS for the current fiscal year.

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.