JELD-WEN Holding, Inc. (NYSE:JELD) Given Average Rating of “Reduce” by Brokerages

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have been assigned an average rating of “Reduce” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $12.75.

JELD has been the topic of a number of analyst reports. Royal Bank of Canada reduced their price objective on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Wednesday, December 18th. B. Riley cut their price target on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. UBS Group reaffirmed a “neutral” rating and set a $9.00 price objective (down from $15.00) on shares of JELD-WEN in a research report on Wednesday, January 8th. Barclays cut their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group decreased their target price on JELD-WEN from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th.

Insiders Place Their Bets

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

Institutional Investors Weigh In On JELD-WEN

A number of institutional investors and hedge funds have recently made changes to their positions in JELD. Pzena Investment Management LLC increased its position in JELD-WEN by 16.5% in the 4th quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock valued at $91,443,000 after acquiring an additional 1,583,238 shares during the period. Vanguard Group Inc. grew its stake in shares of JELD-WEN by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company’s stock valued at $69,984,000 after purchasing an additional 101,944 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of JELD-WEN by 12.3% in the fourth quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock valued at $47,305,000 after purchasing an additional 634,101 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of JELD-WEN by 11.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,225,439 shares of the company’s stock worth $18,226,000 after purchasing an additional 220,815 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after purchasing an additional 2,010,275 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

JELD-WEN Stock Performance

Shares of NYSE:JELD opened at $8.96 on Thursday. 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 fifty-two week low of $7.43 and a fifty-two week high of $21.75. The firm’s 50 day moving average price is $9.03 and its 200 day moving average price is $12.15.

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.