Loop Capital Has Lowered Expectations for JELD-WEN (NYSE:JELD) Stock Price

JELD-WEN (NYSE:JELD) had its target price dropped by investment analysts at Loop Capital from $8.00 to $4.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the stock. Loop Capital’s price target suggests a potential downside of 5.21% from the company’s previous close.

JELD has been the subject of a number of other research reports. Royal Bank of Canada dropped their target price on JELD-WEN from $5.00 to $2.00 and set an “underperform” rating for the company in a research report on Wednesday. The Goldman Sachs Group lowered their price target on shares of JELD-WEN from $6.00 to $5.25 and set a “neutral” rating for the company in a research note on Wednesday. Barclays reduced their price target on JELD-WEN from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research report on Thursday. StockNews.com upgraded JELD-WEN from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, UBS Group decreased their target price on shares of JELD-WEN from $7.50 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.34.

JELD-WEN Price Performance

Shares of NYSE JELD opened at $4.22 on Thursday. The firm has a market capitalization of $360.24 million, a P/E ratio of -1.89 and a beta of 1.86. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The stock’s 50-day simple moving average is $5.55 and its two-hundred day simple moving average is $8.15. JELD-WEN has a twelve month low of $3.95 and a twelve month high of $17.70.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The company had revenue of $776.00 million during the quarter, compared to the consensus estimate of $769.25 million. During the same period in the previous year, the firm posted $0.21 EPS. The firm’s revenue was down 19.1% compared to the same quarter last year. As a group, equities analysts anticipate that JELD-WEN will post 0.88 EPS for the current fiscal year.

Insider Transactions at JELD-WEN

In related news, Director David G. Nord purchased 20,000 shares of JELD-WEN stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $5.96 per share, for a total transaction of $119,200.00. Following the completion of the acquisition, the director now directly owns 40,000 shares of the company’s stock, valued at $238,400. The trade was a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Turtle Creek Asset Management acquired 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average cost of $4.26 per share, for a total transaction of $639,000.00. Following the completion of the transaction, the insider now directly owns 13,250,853 shares in the company, valued at $56,448,633.78. The trade was a 1.14 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 864,404 shares of company stock valued at $4,662,392. Corporate insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

A number of institutional investors have recently made changes to their positions in JELD. MetLife Investment Management LLC boosted its stake in JELD-WEN by 6.3% during the 4th quarter. MetLife Investment Management LLC now owns 51,911 shares of the company’s stock valued at $425,000 after purchasing an additional 3,066 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in JELD-WEN by 11.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,225,439 shares of the company’s stock valued at $18,226,000 after acquiring an additional 220,815 shares during the period. Hennessy Advisors Inc. boosted its holdings in shares of JELD-WEN by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 477,200 shares of the company’s stock valued at $3,908,000 after acquiring an additional 30,400 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of JELD-WEN by 45.8% during the fourth quarter. Wells Fargo & Company MN now owns 51,214 shares of the company’s stock valued at $419,000 after purchasing an additional 16,091 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in JELD-WEN by 64.0% during the fourth quarter. JPMorgan Chase & Co. now owns 213,281 shares of the company’s stock valued at $1,747,000 after purchasing an additional 83,203 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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.