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

JELD-WEN Holding, Inc. (NYSE:JELD) has been given an average rating of “Reduce” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $2.1125.

JELD has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of JELD-WEN in a report on Friday, May 22nd. The Goldman Sachs Group reissued a “neutral” rating and issued a $1.75 price target on shares of JELD-WEN in a report on Wednesday, May 6th. UBS Group lowered their price target on JELD-WEN from $3.00 to $1.60 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Finally, Wall Street Zen downgraded JELD-WEN from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th.

Insiders Place Their Bets

In other JELD-WEN news, Director Bruce M. Taten sold 19,483 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $1.66, for a total value of $32,341.78. Following the completion of the sale, the director owned 88,158 shares of the company’s stock, valued at approximately $146,342.28. This trade represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.87% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

A number of institutional investors and hedge funds have recently modified their holdings of JELD. Royal Bank of Canada lifted its holdings in shares of JELD-WEN by 66.1% during the first quarter. Royal Bank of Canada now owns 53,641 shares of the company’s stock worth $321,000 after purchasing an additional 21,346 shares during the period. AQR Capital Management LLC lifted its holdings in shares of JELD-WEN by 37.5% during the first quarter. AQR Capital Management LLC now owns 375,806 shares of the company’s stock worth $2,244,000 after purchasing an additional 102,543 shares during the period. Millennium Management LLC lifted its holdings in shares of JELD-WEN by 42.7% during the first quarter. Millennium Management LLC now owns 902,802 shares of the company’s stock worth $5,390,000 after purchasing an additional 270,226 shares during the period. Empowered Funds LLC lifted its holdings in shares of JELD-WEN by 3.1% during the first quarter. Empowered Funds LLC now owns 442,547 shares of the company’s stock worth $2,642,000 after purchasing an additional 13,115 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of JELD-WEN by 82.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,514 shares of the company’s stock worth $2,367,000 after purchasing an additional 179,615 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Price Performance

JELD opened at $1.75 on Wednesday. The business’s 50-day moving average is $1.50 and its two-hundred day moving average is $2.05. JELD-WEN has a 1 year low of $0.93 and a 1 year high of $6.98. The company has a debt-to-equity ratio of 97.65, a current ratio of 1.68 and a quick ratio of 0.93. The firm has a market capitalization of $150.33 million, a PE ratio of -0.29 and a beta of 2.05.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, May 4th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.20). The company had revenue of $722.13 million during the quarter, compared to analysts’ expectations of $721.62 million. JELD-WEN had a negative net margin of 16.02% and a negative return on equity of 65.79%.

JELD-WEN Company Profile

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.