Barclays Cuts JELD-WEN (NYSE:JELD) Price Target to $10.00

JELD-WEN (NYSE:JELD) had its price objective cut by Barclays from $13.00 to $10.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts also recently weighed in on JELD. Royal Bank of Canada reissued an “underperform” rating and issued a $13.00 target price on shares of JELD-WEN in a research report on Wednesday, August 7th. Loop Capital decreased their target price on JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, July 19th. Jefferies Financial Group upped their price target on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group boosted their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.90.

JELD-WEN Price Performance

JELD opened at $10.96 on Wednesday. JELD-WEN has a twelve month low of $8.90 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 1.53. The company has a fifty day simple moving average of $14.57 and a 200 day simple moving average of $14.94.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 11.97%. The business had revenue of $934.70 million during the quarter, compared to analysts’ expectations of $990.64 million. During the same period in the prior year, the company posted $0.53 EPS. The company’s revenue for the quarter was down 13.2% on a year-over-year basis. As a group, sell-side analysts expect that JELD-WEN will post 1.29 EPS for the current year.

Insider Activity

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was acquired at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the acquisition, the insider now directly owns 11,941,452 shares of the company’s stock, valued at $125,146,416.96. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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 bought and sold shares of the stock. Intech Investment Management LLC acquired a new stake in shares of JELD-WEN in the 3rd quarter worth approximately $293,000. Pzena Investment Management LLC lifted its position in JELD-WEN by 2.8% in the third quarter. Pzena Investment Management LLC now owns 9,582,008 shares of the company’s stock worth $151,492,000 after purchasing an additional 261,157 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in JELD-WEN by 57.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock valued at $33,200,000 after purchasing an additional 764,645 shares in the last quarter. Natixis Advisors LLC increased its position in shares of JELD-WEN by 78.1% during the 3rd quarter. Natixis Advisors LLC now owns 411,660 shares of the company’s stock valued at $6,508,000 after purchasing an additional 180,511 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of JELD-WEN by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 408,487 shares of the company’s stock worth $6,458,000 after buying an additional 20,770 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

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.