JELD-WEN (NYSE:JELD) Price Target Lowered to $8.00 at Loop Capital

JELD-WEN (NYSE:JELD) had its price target reduced by Loop Capital from $10.00 to $8.00 in a report released on Wednesday morning,Benzinga reports. Loop Capital currently has a hold rating on the stock.

JELD has been the subject of several other reports. B. Riley dropped their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. UBS Group dropped their target price on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday. Barclays dropped their target price on shares of 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. Royal Bank of Canada dropped their target price on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group decreased their price target on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, JELD-WEN presently has an average rating of “Hold” and an average target price of $9.56.

JELD-WEN Stock Performance

Shares of JELD stock opened at $5.91 on Wednesday. The company has a market capitalization of $499.68 million, a price-to-earnings ratio of -3.23 and a beta of 2.17. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The company has a 50-day simple moving average of $8.73 and a 200 day simple moving average of $11.85. JELD-WEN has a 52 week low of $5.79 and a 52 week high of $21.75.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.20). JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The business had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. On average, sell-side analysts predict that JELD-WEN will post 0.69 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Turtle Creek Asset Management purchased 110,000 shares of JELD-WEN stock in a transaction that occurred on Friday, January 10th. The stock was bought at an average price of $7.65 per share, for a total transaction of $841,500.00. Following the completion of the transaction, the insider now owns 12,259,784 shares in the company, valued at $93,787,347.60. This represents a 0.91 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have acquired 310,000 shares of company stock worth $2,463,500. 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 added to or reduced their stakes in JELD. Performa Ltd US LLC lifted its holdings in shares of JELD-WEN by 1,580.0% in the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after buying an additional 3,950 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of JELD-WEN by 79.8% in the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after buying an additional 1,284 shares in the last quarter. Quarry LP purchased a new stake in shares of JELD-WEN in the fourth quarter worth about $46,000. US Bancorp DE lifted its holdings in shares of JELD-WEN by 257.6% in the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after buying an additional 7,025 shares in the last quarter. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of JELD-WEN in the fourth quarter worth about $83,000. 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.