Barclays Cuts JELD-WEN (NYSE:JELD) Price Target to $5.00

JELD-WEN (NYSE:JELD) had its price objective decreased by Barclays from $6.00 to $5.00 in a report released on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other research analysts have also recently commented on JELD. StockNews.com cut shares of JELD-WEN from a “hold” rating to a “sell” rating in a report on Friday, March 7th. The Goldman Sachs Group reduced 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 note on Wednesday, February 19th. UBS Group lowered their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Truist Financial reduced their price target on JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. Finally, Loop Capital lowered their price target on JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $8.94.

JELD-WEN Price Performance

JELD stock opened at $5.23 on Tuesday. The stock has a market cap of $446.04 million, a PE ratio of -2.34 and a beta of 1.93. The stock has a 50-day moving average price of $6.45 and a two-hundred day moving average price of $9.63. JELD-WEN has a 1 year low of $4.91 and a 1 year high of $21.75. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data 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 the consensus estimate of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. Equities analysts forecast that JELD-WEN will post 0.88 EPS for the current fiscal year.

Insider Buying and Selling at JELD-WEN

In related news, Director David G. Nord purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $5.96 per share, for a total transaction of $119,200.00. Following the purchase, the director now owns 40,000 shares in the company, valued at approximately $238,400. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Turtle Creek Asset Management purchased 100,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was bought at an average cost of $5.86 per share, for a total transaction of $586,000.00. Following the completion of the acquisition, the insider now owns 12,664,379 shares in the company, valued at approximately $74,213,260.94. This trade represents a 0.80 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 660,137 shares of company stock worth $3,996,687 over the last 90 days. Company insiders own 1.24% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

A number of large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in JELD-WEN by 1,054.6% in the 1st quarter. GAMMA Investing LLC now owns 14,710 shares of the company’s stock valued at $88,000 after buying an additional 13,436 shares in the last quarter. PharVision Advisers LLC bought a new stake in shares of JELD-WEN in the fourth quarter valued at about $172,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of JELD-WEN by 17.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 216,899 shares of the company’s stock valued at $1,776,000 after acquiring an additional 31,640 shares in the last quarter. Voloridge Investment Management LLC bought a new position in JELD-WEN during the fourth quarter worth about $888,000. Finally, Squarepoint Ops LLC acquired a new stake in JELD-WEN in the 4th quarter worth about $240,000. 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.