Barclays Lowers JELD-WEN (NYSE:JELD) Price Target to $10.00

JELD-WEN (NYSE:JELD) had its price target lowered by analysts at Barclays from $13.00 to $10.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential downside of 8.26% from the stock’s current price.

Several other research analysts have also commented on JELD. Jefferies Financial Group lifted their price target on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group increased their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Loop Capital dropped their price objective on shares of 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, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $13.00 target price on shares of JELD-WEN in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, JELD-WEN presently has an average rating of “Hold” and an average target price of $14.90.

JELD-WEN Stock Up 6.0 %

NYSE JELD traded up $0.62 during trading on Wednesday, reaching $10.90. 284,759 shares of the company’s stock were exchanged, compared to its average volume of 673,235. The company has a 50 day moving average price of $14.64 and a two-hundred day moving average price of $14.99. The stock has a market cap of $921.49 million, a P/E ratio of -5.96 and a beta of 2.25. JELD-WEN has a 1 year low of $8.90 and a 1 year high of $21.75. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.33 and a current ratio of 2.03.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 11.97% and a negative net margin of 3.98%. The business had revenue of $934.70 million for the quarter, compared to analysts’ expectations of $990.64 million. During the same quarter in the previous year, the firm earned $0.53 EPS. JELD-WEN’s revenue for the quarter was down 13.2% compared to the same quarter last year. On average, equities research analysts anticipate that JELD-WEN will post 1.29 EPS for the current fiscal year.

Insider Activity at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 200,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was purchased at an average price of $10.48 per share, for a total transaction of $2,096,000.00. Following the completion of the transaction, the insider now owns 11,941,452 shares of the company’s stock, valued at $125,146,416.96. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. raised its position in JELD-WEN by 57.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock worth $33,200,000 after acquiring an additional 764,645 shares during the last quarter. Natixis Advisors LLC lifted its stake in JELD-WEN by 78.1% in the 3rd quarter. Natixis Advisors LLC now owns 411,660 shares of the company’s stock valued at $6,508,000 after buying an additional 180,511 shares in the last quarter. Empowered Funds LLC grew its holdings in JELD-WEN by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 408,487 shares of the company’s stock valued at $6,458,000 after buying an additional 20,770 shares during the last quarter. MQS Management LLC purchased a new position in JELD-WEN during the third quarter worth $160,000. Finally, Victory Capital Management Inc. increased its position 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 purchasing an additional 2,010,275 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.