JELD-WEN (NYSE:JELD) Price Target Lowered to $7.50 at UBS Group

JELD-WEN (NYSE:JELD) had its price target decreased by UBS Group from $9.00 to $7.50 in a report issued on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other research analysts also recently issued research reports about the stock. B. Riley cut their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Barclays cut their target price on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. The Goldman Sachs Group cut their target price on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Royal Bank of Canada cut their target price on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.56.

JELD-WEN Trading Down 12.4 %

JELD stock opened at $5.91 on Wednesday. The company has a market capitalization of $499.68 million, a PE ratio of -3.23 and a beta of 2.17. JELD-WEN has a 12 month low of $5.79 and a 12 month high of $21.75. The firm’s 50-day moving average is $8.73 and its 200 day moving average is $11.85. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate 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 12.32% and a negative net margin of 3.98%. On average, research analysts anticipate that JELD-WEN will post 0.69 EPS for the current year.

Insider Transactions at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management acquired 110,000 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were purchased at an average price of $7.65 per share, with a total value of $841,500.00. Following the transaction, the insider now directly owns 12,259,784 shares in the company, valued at approximately $93,787,347.60. This represents a 0.91 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 310,000 shares of company stock valued at $2,463,500 in the last 90 days. Insiders own 1.03% of the company’s stock.

Institutional Trading of JELD-WEN

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. boosted its stake in JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after purchasing an additional 1,284 shares in the last quarter. Performa Ltd US LLC boosted its stake in JELD-WEN by 1,580.0% in the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after purchasing an additional 3,950 shares in the last quarter. Quarry LP acquired a new stake in JELD-WEN in the 4th quarter worth approximately $46,000. US Bancorp DE boosted its stake in JELD-WEN by 257.6% in the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after purchasing an additional 7,025 shares in the last quarter. Finally, MQS Management LLC acquired a new stake in JELD-WEN in the 3rd quarter worth approximately $160,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.