JELD-WEN (NYSE:JELD) Earns Neutral Rating from UBS Group

JELD-WEN (NYSE:JELD)‘s stock had its “neutral” rating reiterated by equities researchers at UBS Group in a research note issued on Wednesday, Marketbeat Ratings reports. They currently have a $9.00 price target on the stock, down from their prior price target of $15.00. UBS Group’s target price indicates a potential upside of 16.58% from the stock’s previous close.

A number of other research analysts have also issued reports on the stock. The Goldman Sachs Group dropped their price target on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. B. Riley cut their target price on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Barclays decreased their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Jefferies Financial Group increased their price objective on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada decreased 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. One research analyst has rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, JELD-WEN presently has a consensus rating of “Hold” and a consensus price target of $12.88.

JELD-WEN Stock Performance

Shares of JELD stock opened at $7.72 on Wednesday. JELD-WEN has a 52-week low of $7.59 and a 52-week high of $21.75. The stock’s 50-day moving average price is $10.04 and its 200 day moving average price is $13.07. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $653.27 million, a PE ratio of -4.22 and a beta of 2.16.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The company had revenue of $934.70 million for the quarter, compared to analysts’ expectations of $990.64 million. During the same quarter last year, the company earned $0.53 EPS. JELD-WEN’s revenue for the quarter was down 13.2% compared to the same quarter last year. As a group, equities research analysts forecast that JELD-WEN will post 0.73 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Turtle Creek Asset Management bought 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were purchased 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 owns 11,941,452 shares in the company, valued at $125,146,416.96. The trade was a 1.70 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Principal Financial Group Inc. increased its stake in JELD-WEN by 9.9% in the second quarter. Principal Financial Group Inc. now owns 39,274 shares of the company’s stock valued at $529,000 after purchasing an additional 3,538 shares during the last quarter. Victory Capital Management Inc. grew its holdings 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 buying an additional 67,604 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of JELD-WEN by 10.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 149,434 shares of the company’s stock valued at $2,013,000 after acquiring an additional 14,574 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of JELD-WEN by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock worth $43,461,000 after acquiring an additional 191,657 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in shares of JELD-WEN in the second quarter worth approximately $817,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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.