JELD-WEN Holding, Inc. (NYSE:JELD) Given Consensus Rating of “Hold” by Brokerages

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have received an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $13.63.

Several equities analysts recently issued reports on the company. B. Riley lowered their price target on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Royal Bank of Canada cut their target price on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, December 18th. Jefferies Financial Group lifted their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Barclays dropped their price objective on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Finally, UBS Group cut their target price on JELD-WEN from $19.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th.

JELD-WEN Stock Performance

NYSE:JELD opened at $8.36 on Wednesday. The firm has a market capitalization of $707.42 million, a PE ratio of -4.57 and a beta of 2.12. JELD-WEN has a 1 year low of $8.15 and a 1 year 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 1.64. The firm’s fifty day simple moving average is $11.65 and its 200 day simple moving average is $13.55.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The business had revenue of $934.70 million during the quarter, compared to analyst estimates of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The business’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same period last year, the business earned $0.53 EPS. On average, sell-side analysts anticipate that JELD-WEN will post 0.73 EPS for the current year.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management bought 200,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was bought at an average price of $10.48 per share, for a total transaction of $2,096,000.00. Following the completion of the transaction, the insider now directly owns 11,941,452 shares in the company, valued at $125,146,416.96. The trade was a 1.70 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.03% of the stock is owned by insiders.

Institutional Trading of JELD-WEN

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in shares of JELD-WEN in the 2nd quarter valued at about $30,000. Blue Trust Inc. boosted its stake in JELD-WEN by 79.8% in the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after acquiring an additional 1,284 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in JELD-WEN by 102.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company’s stock valued at $59,000 after acquiring an additional 2,216 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of JELD-WEN during the 2nd quarter valued at $92,000. Finally, MQS Management LLC bought a new stake in shares of JELD-WEN during the 3rd quarter valued at $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.