JELD-WEN Holding, Inc. (NYSE:JELD) Receives Average Recommendation of “Reduce” from Analysts

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have been assigned a consensus recommendation of “Reduce” from the eight analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $9.06.

Several brokerages have issued reports on JELD. Loop Capital lowered their target price on JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. StockNews.com cut JELD-WEN from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. UBS Group reduced their price target on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada reduced their price target on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a research report on Wednesday, February 19th. Finally, Truist Financial reduced their price target on JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th.

Insider Buying and Selling

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 75,000 shares of JELD-WEN stock in a transaction that occurred on Monday, January 13th. The stock was acquired at an average cost of $8.46 per share, for a total transaction of $634,500.00. Following the completion of the transaction, the insider now directly owns 12,320,226 shares in the company, valued at $104,229,111.96. This represents a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David G. Nord purchased 20,000 shares of the company’s stock in a transaction on Monday, February 24th. The shares were purchased at an average cost of $5.96 per share, with a total value of $119,200.00. Following the purchase, the director now owns 40,000 shares of the company’s stock, valued at approximately $238,400. The trade was a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 525,137 shares of company stock worth $3,719,287 over the last ninety days. 1.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On JELD-WEN

Hedge funds have recently added to or reduced their stakes in the company. Performa Ltd US LLC lifted its stake in JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after purchasing an additional 3,950 shares during the last quarter. Quarry LP bought a new stake in JELD-WEN during the fourth quarter worth about $46,000. US Bancorp DE lifted its stake in JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after purchasing an additional 7,025 shares during the last quarter. Brevan Howard Capital Management LP bought a new stake in JELD-WEN during the fourth quarter worth about $83,000. Finally, Boothbay Fund Management LLC bought a new stake in JELD-WEN during the fourth quarter worth about $100,000. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Stock Performance

Shares of JELD opened at $6.14 on Monday. The firm has a market cap of $520.55 million, a PE ratio of -2.75 and a beta of 2.22. The stock’s fifty day moving average price is $7.79 and its two-hundred day moving average price is $10.94. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. JELD-WEN has a 1 year low of $5.44 and a 1 year high of $21.75.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.20). The firm had revenue of $895.70 million during the quarter, compared to the consensus estimate of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. On average, equities research analysts forecast that JELD-WEN will post 0.88 EPS for the current year.

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.