JELD-WEN Holding, Inc. (NYSE:JELD) Receives $12.75 Consensus Price Target from Brokerages

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

A number of research analysts recently weighed in on JELD shares. Barclays reduced 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, November 6th. B. Riley reduced their price objective 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. The Goldman Sachs Group cut their target price on JELD-WEN from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada cut their target price on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, December 18th. Finally, UBS Group reiterated a “neutral” rating and set a $9.00 target price (down from $15.00) on shares of JELD-WEN in a research note on Wednesday, January 8th.

Insider Transactions at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management purchased 75,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were purchased at an average cost of $8.46 per share, for a total transaction of $634,500.00. Following the purchase, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have bought a total of 310,000 shares of company stock worth $2,463,500 in the last ninety days. Insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

A number of institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. raised its holdings 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 during the period. Performa Ltd US LLC raised its holdings in JELD-WEN by 1,580.0% in the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after purchasing an additional 3,950 shares during the period. Quarry LP bought a new position in JELD-WEN in the 4th quarter worth $46,000. US Bancorp DE raised its holdings in JELD-WEN by 257.6% in the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after purchasing an additional 7,025 shares during the period. Finally, MQS Management LLC bought a new position in JELD-WEN in the 3rd quarter worth $160,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

JELD-WEN Stock Up 1.8 %

JELD stock opened at $8.81 on Thursday. JELD-WEN has a twelve month low of $7.43 and a twelve month high of $21.75. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The firm has a market cap of $745.08 million, a PE ratio of -4.81 and a beta of 2.17. The business has a 50 day moving average of $8.95 and a 200 day moving average of $12.04.

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.