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

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have earned a consensus rating of “Reduce” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $8.94.

Several brokerages have weighed in on JELD. Barclays lowered their price objective on JELD-WEN from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Tuesday. UBS Group lowered their price target on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, February 19th. StockNews.com lowered shares of JELD-WEN from a “hold” rating to a “sell” rating in a report on Friday, March 7th. Royal Bank of Canada lowered their price objective on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a research note on Wednesday, February 19th. Finally, Loop Capital cut 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.

Insider Buying and Selling at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 110,000 shares of JELD-WEN stock in a transaction dated Friday, January 10th. The shares were purchased at an average cost of $7.65 per share, with a total value of $841,500.00. Following the transaction, the insider now directly owns 12,259,784 shares of the company’s stock, valued at $93,787,347.60. This represents a 0.91 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven E. Wynne purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average price of $6.01 per share, with a total value of $60,100.00. Following the completion of the purchase, the director now owns 28,000 shares in the company, valued at $168,280. This represents a 55.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 720,137 shares of company stock valued at $4,580,187. 1.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On JELD-WEN

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in shares of JELD-WEN by 1,054.6% during the first quarter. GAMMA Investing LLC now owns 14,710 shares of the company’s stock valued at $88,000 after acquiring an additional 13,436 shares in the last quarter. PharVision Advisers LLC purchased a new stake in JELD-WEN during the 4th quarter valued at about $172,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in JELD-WEN by 17.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 216,899 shares of the company’s stock valued at $1,776,000 after purchasing an additional 31,640 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in JELD-WEN in the fourth quarter worth about $888,000. Finally, Squarepoint Ops LLC bought a new position in shares of JELD-WEN in the fourth quarter worth approximately $240,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

JELD-WEN Price Performance

Shares of NYSE:JELD opened at $5.10 on Friday. 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 cap of $434.94 million, a PE ratio of -2.28 and a beta of 1.93. The company’s fifty day moving average is $6.67 and its 200 day moving average is $9.81. JELD-WEN has a 52 week low of $4.98 and a 52 week high of $21.75.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.20). The company had revenue of $895.70 million during the quarter, compared to analysts’ expectations of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. Research analysts anticipate that JELD-WEN will post 0.88 earnings per share for the current 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.