JELD-WEN Holding, Inc. (NYSE:JELD) Receives $12.75 Average PT from Analysts

JELD-WEN Holding, Inc. (NYSE:JELD) has received an average rating of “Reduce” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $12.75.

JELD has been the subject of a number of research reports. B. Riley lowered 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. The Goldman Sachs Group dropped their price objective on JELD-WEN from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Jefferies Financial Group boosted their price objective on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Barclays dropped their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Finally, Royal Bank of Canada dropped their price objective on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a report on Wednesday, December 18th.

Insider Activity

In related news, major shareholder Turtle Creek Asset Management purchased 200,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was bought at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the purchase, 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 purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders purchased a total of 960,000 shares of company stock valued at $9,086,500 in the last ninety days. 1.03% of the stock is owned by insiders.

Institutional Trading of JELD-WEN

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pzena Investment Management LLC increased its stake in shares of 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 acquiring an additional 261,157 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of JELD-WEN by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock valued at $43,461,000 after purchasing an additional 191,657 shares during the period. Victory Capital Management Inc. grew its position in shares of JELD-WEN by 1,167.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after purchasing an additional 2,010,275 shares during the period. Vaughan Nelson Investment Management L.P. grew its position 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 valued at $33,200,000 after purchasing an additional 764,645 shares during the period. Finally, State Street Corp grew its position in shares of JELD-WEN by 1.1% in the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company’s stock valued at $31,594,000 after purchasing an additional 21,264 shares during the period. 95.04% of the stock is owned by institutional investors.

JELD-WEN Stock Performance

Shares of NYSE:JELD opened at $9.67 on Friday. JELD-WEN has a twelve month low of $7.43 and a twelve month high of $21.75. The firm has a market cap of $817.85 million, a PE ratio of -5.28 and a beta of 2.16. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The business has a fifty day moving average of $9.50 and a 200-day moving average of $12.79.

JELD-WEN (NYSE:JELD) last announced its earnings results 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 12.32%. The business had revenue of $934.70 million during the quarter, compared to analyst estimates of $990.64 million. During the same quarter last year, the business posted $0.53 earnings per share. The business’s quarterly revenue was down 13.2% compared to the same quarter last year. On average, equities research analysts predict that JELD-WEN will post 0.73 EPS for the current fiscal year.

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.