JELD-WEN (NYSE:JELD) Price Target Cut to $15.00 by Analysts at UBS Group

JELD-WEN (NYSE:JELD) had its price objective decreased by equities research analysts at UBS Group from $19.00 to $15.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 46.06% from the stock’s current price.

A number of other research analysts have also issued reports on JELD. The Goldman Sachs Group decreased their target price on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday. Barclays decreased their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday. Loop Capital decreased their target price on JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, July 19th. Royal Bank of Canada decreased their target price on JELD-WEN from $13.00 to $9.00 and set an “underperform” rating for the company in a report on Wednesday. Finally, Jefferies Financial Group lifted their target price on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, JELD-WEN presently has a consensus rating of “Hold” and a consensus target price of $14.90.

JELD-WEN Trading Down 5.5 %

Shares of NYSE JELD opened at $10.27 on Wednesday. JELD-WEN has a twelve month low of $8.90 and a twelve month high of $21.75. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.53. The stock has a fifty day simple moving average of $14.64 and a 200-day simple moving average of $14.99. The stock has a market capitalization of $868.23 million, a PE ratio of -5.61 and a beta of 2.25.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 11.97%. The firm had revenue of $934.70 million during the quarter, compared to analyst estimates of $990.64 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. On average, equities analysts forecast that JELD-WEN will post 1.29 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Turtle Creek Asset Management bought 200,000 shares of JELD-WEN stock in a transaction dated Thursday, November 7th. The stock was acquired at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the acquisition, the insider now owns 11,941,452 shares of the company’s stock, valued at approximately $125,146,416.96. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 1.03% of the stock is owned by company insiders.

Institutional Trading of JELD-WEN

Institutional investors and hedge funds have recently made changes to their positions in the company. First Eagle Investment Management LLC lifted its holdings in shares of JELD-WEN by 33.7% in the 1st quarter. First Eagle Investment Management LLC now owns 336,684 shares of the company’s stock valued at $7,148,000 after purchasing an additional 84,900 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in JELD-WEN by 319.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company’s stock valued at $17,985,000 after acquiring an additional 1,017,275 shares during the period. Victory Capital Management Inc. increased its position in JELD-WEN by 64.7% in the 2nd quarter. Victory Capital Management Inc. now owns 172,126 shares of the company’s stock valued at $2,319,000 after acquiring an additional 67,604 shares during the period. Edgestream Partners L.P. acquired a new position in JELD-WEN in the 2nd quarter valued at about $817,000. Finally, Engine Capital Management LP increased its position in JELD-WEN by 223.6% in the 2nd quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock valued at $15,656,000 after acquiring an additional 803,095 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

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.