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

JELD-WEN Holding, Inc. (NYSE:JELD) has received an average rating of “Reduce” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $9.06.

JELD has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. UBS Group reduced 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 note on Wednesday, February 19th. Royal Bank of Canada reduced 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 note on Wednesday, February 19th. Barclays reduced their target price on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Finally, Truist Financial dropped their price target on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th.

Insiders Place Their Bets

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 110,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were acquired at an average cost of $7.65 per share, for a total transaction of $841,500.00. Following the acquisition, the insider now directly owns 12,259,784 shares of the company’s stock, valued at $93,787,347.60. This trade represents a 0.91 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven E. Wynne bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average price of $6.01 per share, for a total transaction of $60,100.00. Following the completion of the acquisition, the director now directly owns 28,000 shares in the company, valued at approximately $168,280. This represents a 55.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 525,137 shares of company stock worth $3,719,287. 1.03% of the stock is owned by corporate insiders.

Institutional Trading of JELD-WEN

A number of hedge funds and other institutional investors have recently made changes to their positions in JELD. Performa Ltd US LLC raised its holdings in shares of JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after acquiring an additional 3,950 shares during the period. Quarry LP acquired a new stake in shares of JELD-WEN during the fourth quarter valued at approximately $46,000. US Bancorp DE raised its holdings in shares of JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after acquiring an additional 7,025 shares during the period. Brevan Howard Capital Management LP acquired a new stake in shares of JELD-WEN during the fourth quarter valued at approximately $83,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of JELD-WEN during the fourth quarter valued at approximately $100,000. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Trading Up 4.1 %

NYSE JELD opened at $6.17 on Monday. JELD-WEN has a one year low of $5.44 and a one year high of $21.75. The company has a 50-day simple moving average of $7.96 and a 200-day simple moving average of $11.15. 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 firm has a market capitalization of $523.10 million, a PE ratio of -2.76 and a beta of 2.22.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). The firm had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. On average, equities analysts forecast that JELD-WEN will post 0.88 earnings per share for the current 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.