JELD-WEN (NYSE:JELD – Free Report) had its target price decreased by The Goldman Sachs Group from $10.00 to $9.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.
Several other equities analysts also recently issued reports on the stock. UBS Group reaffirmed a “neutral” rating and set a $9.00 price target (down previously from $15.00) on shares of JELD-WEN in a research note on Wednesday, January 8th. Barclays cut their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. B. Riley decreased their price target 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. Royal Bank of Canada cut their price objective on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, December 18th. Finally, Jefferies Financial Group increased their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, JELD-WEN presently has an average rating of “Hold” and an average target price of $12.75.
View Our Latest Stock Analysis on JELD-WEN
JELD-WEN Stock Down 0.3 %
JELD-WEN (NYSE:JELD – Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.32 EPS 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 12.32%. The firm had revenue of $934.70 million for the quarter, compared to analyst estimates of $990.64 million. During the same period in the previous year, the business posted $0.53 earnings per share. The business’s revenue for the quarter was down 13.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that JELD-WEN will post 0.73 earnings per share for the current fiscal year.
Insider Buying and Selling at JELD-WEN
In related news, major shareholder Turtle Creek Asset Management purchased 450,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was purchased at an average cost of $10.06 per share, with a total value of $4,527,000.00. Following the completion of the purchase, the insider now owns 11,751,912 shares in the company, valued at approximately $118,224,234.72. This trade represents a 3.98 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have acquired 960,000 shares of company stock valued at $9,086,500. 1.03% of the stock is currently owned by company insiders.
Institutional Trading of JELD-WEN
Several large investors have recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in JELD-WEN by 1,167.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after buying an additional 2,010,275 shares during the period. Engine Capital Management LP raised its position in shares of JELD-WEN by 223.6% during the second quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock worth $15,656,000 after purchasing an additional 803,095 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of JELD-WEN by 57.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock worth $33,200,000 after purchasing an additional 764,645 shares in the last quarter. Pzena Investment Management LLC grew its position in JELD-WEN by 2.8% in the 3rd quarter. Pzena Investment Management LLC now owns 9,582,008 shares of the company’s stock valued at $151,492,000 after purchasing an additional 261,157 shares during the period. Finally, Beaconlight Capital LLC increased its stake in JELD-WEN by 227.9% during the 3rd quarter. Beaconlight Capital LLC now owns 277,272 shares of the company’s stock valued at $4,384,000 after purchasing an additional 192,724 shares in the last quarter. 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.
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