Brokerages Set JELD-WEN Holding, Inc. (NYSE:JELD) Target Price at $9.06

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have earned a consensus rating of “Reduce” from the eight brokerages that are covering the stock, MarketBeat.com reports. One research 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 brokerages that have covered the stock in the last year is $9.06.

JELD has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their price target on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. StockNews.com downgraded JELD-WEN from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. Barclays reduced their price objective on JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating for the company in a research report on Monday, February 24th. Royal Bank of Canada cut their target price on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a research note on Wednesday, February 19th. Finally, UBS Group lowered their price target on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Wednesday, February 19th.

Insider Activity at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management acquired 125,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was acquired at an average price of $7.90 per share, for a total transaction of $987,500.00. Following the transaction, the insider now directly owns 12,042,190 shares in the company, valued at approximately $95,133,301. This represents a 1.05 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director David G. Nord acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $5.96 per share, for a total transaction of $119,200.00. Following the purchase, the director now directly owns 40,000 shares in the company, valued at $238,400. This trade represents a 100.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 645,137 shares of company stock valued at $4,435,687 over the last quarter. Corporate insiders own 1.24% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

Institutional investors and hedge funds have recently modified their holdings of the business. Performa Ltd US LLC boosted its stake 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 acquired a new stake in shares of JELD-WEN in the fourth quarter valued at approximately $46,000. US Bancorp DE grew its position in JELD-WEN by 257.6% in the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after purchasing an additional 7,025 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in JELD-WEN in the 4th quarter valued at $83,000. Finally, Boothbay Fund Management LLC bought a new stake in JELD-WEN during the 4th quarter worth about $100,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

JELD-WEN Trading Up 0.1 %

Shares of NYSE:JELD opened at $5.76 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. JELD-WEN has a 12-month low of $5.32 and a 12-month high of $21.75. The firm has a fifty day moving average of $6.92 and a two-hundred day moving average of $9.99. The firm has a market capitalization of $491.28 million, a P/E ratio of -2.58 and a beta of 1.92.

JELD-WEN (NYSE:JELD) last posted its earnings results 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 7.14% and a negative net margin of 5.01%. The company had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. On average, equities analysts expect that JELD-WEN will post 0.88 EPS for the current fiscal 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.