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

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $16.80.

JELD has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an “underperform” rating and set a $13.00 price target on shares of JELD-WEN in a research report on Wednesday, August 7th. The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Loop Capital dropped their price target on JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. Finally, Barclays reduced their price objective on JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, July 12th.

JELD-WEN Stock Performance

NYSE:JELD opened at $15.87 on Monday. The firm has a 50 day moving average of $14.79 and a 200-day moving average of $16.12. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.53. JELD-WEN has a 1 year low of $11.02 and a 1 year high of $21.75. The stock has a market capitalization of $1.36 billion, a P/E ratio of 69.00 and a beta of 2.24.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, August 5th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.23 by $0.11. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The company had revenue of $986.00 million during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm earned $0.44 EPS. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. As a group, sell-side analysts anticipate that JELD-WEN will post 1.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in JELD. Pzena Investment Management LLC increased its stake in shares of JELD-WEN by 26.3% in the second quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company’s stock valued at $125,552,000 after buying an additional 1,939,052 shares during the period. Vanguard Group Inc. grew its position in JELD-WEN by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 8,862,466 shares of the company’s stock valued at $167,323,000 after purchasing an additional 71,917 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of JELD-WEN by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock valued at $43,461,000 after buying an additional 191,657 shares in the last quarter. Bank of New York Mellon Corp lifted its position in JELD-WEN by 19.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company’s stock valued at $18,400,000 after acquiring an additional 220,177 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of JELD-WEN by 319.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company’s stock worth $17,985,000 after purchasing an additional 1,017,275 shares during the last quarter. 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.