JELD-WEN Holding, Inc. (NYSE:JELD) Stock Now Rated “Reduce” by Wall Street Analysts

JELD-WEN Holding, Inc. (NYSE:JELD) has been given an average recommendation of “Reduce” by the six ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $1.98.

A number of research firms have recently weighed in on JELD. Wall Street Zen raised JELD-WEN from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings raised shares of JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 29th. UBS Group upped their price target on JELD-WEN from $1.60 to $1.80 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Barclays dropped their target price on shares of JELD-WEN from $2.00 to $1.50 and set an “equal weight” rating for the company in a report on Thursday. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $2.00 target price on shares of JELD-WEN in a research report on Thursday, August 6th.

JELD-WEN Stock Up 3.5%

Shares of JELD stock opened at $1.04 on Friday. The company has a debt-to-equity ratio of 97.65, a quick ratio of 0.98 and a current ratio of 1.73. JELD-WEN has a twelve month low of $0.93 and a twelve month high of $3.27. The company has a market capitalization of $90.66 million, a price-to-earnings ratio of -0.54 and a beta of 2.28. The stock’s 50 day simple moving average is $1.69 and its 200 day simple moving average is $1.72.

JELD-WEN (NYSE:JELD) last announced its earnings results on Tuesday, November 3rd. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $798.51 million during the quarter, compared to analyst estimates of $804.29 million. JELD-WEN had a negative net margin of 16.36% and a negative return on equity of 246.42%.

Insider Activity at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management sold 300,000 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $1.16, for a total transaction of $348,000.00. Following the sale, the insider directly owned 858,095 shares in the company, valued at $995,390.20. This represents a 25.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.87% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

A number of hedge funds have recently modified their holdings of JELD. Jefferies Financial Group Inc. raised its holdings in shares of JELD-WEN by 16.7% in the 3rd quarter. Jefferies Financial Group Inc. now owns 882,000 shares of the company’s stock valued at $1,623,000 after purchasing an additional 126,537 shares in the last quarter. Covestor Ltd boosted its position in JELD-WEN by 25,698.1% in the third quarter. Covestor Ltd now owns 26,830 shares of the company’s stock valued at $49,000 after buying an additional 26,726 shares in the last quarter. SummerHaven Investment Management LLC bought a new position in JELD-WEN during the 3rd quarter worth about $107,000. Squarepoint Ops LLC bought a new position in shares of JELD-WEN in the second quarter worth $216,000. Finally, Corient Private Wealth LP acquired a new stake in JELD-WEN in the 2nd quarter valued at $40,000. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Company Profile

JELD-WEN Holding, Inc is a manufacturer of windows and doors for residential and commercial construction and remodeling markets. Its products include vinyl, wood, aluminum and composite windows, as well as interior and exterior doors, patio doors and related building products.

The company sells products through building-product distributors, dealers, retail outlets and other channels. Its brands and product offerings serve new construction, repair and remodeling, and replacement applications, with products designed for homes, offices and other buildings.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has expanded into an international building-products company serving customers in North America, Europe and Australia.