JELD-WEN (NYSE:JELD) Price Target Lowered to $7.00 at Truist Financial

JELD-WEN (NYSE:JELD) had its price target cut by Truist Financial from $11.00 to $7.00 in a report published on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

JELD has been the subject of several other research reports. UBS Group reduced their price target 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. The Goldman Sachs Group cut their price objective on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday. Barclays cut 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 report on Wednesday, November 6th. Loop Capital cut their price objective on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Royal Bank of Canada cut their price objective 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. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $9.56.

JELD-WEN Trading Down 12.4 %

NYSE JELD opened at $5.91 on Wednesday. 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 52 week low of $5.79 and a 52 week high of $21.75. The stock has a market capitalization of $499.68 million, a PE ratio of -3.23 and a beta of 2.17. The firm has a 50 day moving average of $8.73 and a two-hundred day moving average of $11.85.

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). The company had revenue of $895.70 million for the quarter, compared to analysts’ expectations of $860.82 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. As a group, research analysts expect that JELD-WEN will post 0.69 EPS for the current fiscal year.

Insider Activity at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 75,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were purchased at an average cost of $8.46 per share, with a total value of $634,500.00. Following the purchase, the insider now owns 12,320,226 shares in the company, valued at approximately $104,229,111.96. The trade was a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders have acquired 310,000 shares of company stock valued at $2,463,500. Insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

A number of large investors have recently added to or reduced their stakes in JELD. Blue Trust Inc. boosted its stake in shares of JELD-WEN by 79.8% during 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 last quarter. Diversified Trust Co boosted its stake 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 purchasing an additional 2,242 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of JELD-WEN by 6.3% during the 4th quarter. MetLife Investment Management LLC now owns 51,911 shares of the company’s stock worth $425,000 after purchasing an additional 3,066 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of 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 purchasing an additional 3,383 shares during the last quarter. Finally, Performa Ltd US LLC boosted its stake in shares of JELD-WEN by 1,580.0% during 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 last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

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.