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

JELD-WEN Holding, Inc. (NYSE:JELD) has earned a consensus rating of “Reduce” from the eight analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $8.94.

A number of analysts have commented on the company. Barclays reduced their price target on JELD-WEN from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Tuesday. Loop Capital cut their target price on JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. UBS Group cut their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Truist Financial cut their target price 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, The Goldman Sachs Group cut their target price on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th.

Insider Activity at JELD-WEN

In related news, Director Steven E. Wynne acquired 10,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was acquired at an average cost of $6.01 per share, with a total value of $60,100.00. Following the purchase, the director now directly owns 28,000 shares of the company’s stock, valued at approximately $168,280. This trade represents a 55.56 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Turtle Creek Asset Management acquired 75,000 shares of the stock in a transaction dated Monday, January 13th. The stock was bought at an average cost of $8.46 per share, with a total value of $634,500.00. Following the completion of the purchase, the insider now directly owns 12,320,226 shares in the company, valued at approximately $104,229,111.96. The trade was a 0.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 660,137 shares of company stock valued at $3,996,687. Insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

Several institutional investors have recently modified their holdings of JELD. Performa Ltd US LLC lifted its stake in shares of JELD-WEN by 1,580.0% in the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after purchasing an additional 3,950 shares during the last quarter. Quarry LP purchased a new stake in shares of JELD-WEN in the fourth quarter worth approximately $46,000. US Bancorp DE raised its holdings in shares of JELD-WEN by 257.6% in the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after buying an additional 7,025 shares during the period. Brevan Howard Capital Management LP purchased a new stake in shares of JELD-WEN in the fourth quarter worth approximately $83,000. Finally, GAMMA Investing LLC raised its holdings in shares of JELD-WEN by 1,054.6% in the first quarter. GAMMA Investing LLC now owns 14,710 shares of the company’s stock worth $88,000 after buying an additional 13,436 shares during the period. 95.04% of the stock is owned by institutional investors.

JELD-WEN Stock Down 3.4 %

JELD-WEN stock opened at $5.23 on Friday. The stock has a market cap of $446.04 million, a PE ratio of -2.34 and a beta of 1.93. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. JELD-WEN has a one year low of $4.91 and a one year high of $21.75. The stock has a fifty day moving average of $6.45 and a 200 day moving average of $9.63.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). The company had revenue of $895.70 million during the quarter, compared to analysts’ expectations of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. As a group, sell-side analysts predict that JELD-WEN will post 0.88 EPS 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.