UBS Group Cuts JELD-WEN (NYSE:JELD) Price Target to $15.00

JELD-WEN (NYSE:JELD) had its target price reduced by UBS Group from $19.00 to $15.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently commented on JELD. The Goldman Sachs Group reduced their price objective on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday. Loop Capital decreased their price target on JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, July 19th. Jefferies Financial Group upped their price objective on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada decreased their target price on shares of JELD-WEN from $13.00 to $9.00 and set an “underperform” rating for the company in a research note on Wednesday. Finally, Barclays lowered their target price on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $14.90.

JELD-WEN Stock Up 6.6 %

Shares of NYSE:JELD opened at $10.96 on Wednesday. JELD-WEN has a 12 month low of $8.90 and a 12 month high of $21.75. The company’s fifty day simple moving average is $14.57 and its 200 day simple moving average is $14.94. 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 quarterly earnings data 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 firm had revenue of $934.70 million for the quarter, compared to analyst estimates of $990.64 million. During the same period in the prior year, the company earned $0.53 earnings per share. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. As a group, equities research analysts predict that JELD-WEN will post 1.29 earnings per share for the current fiscal year.

Insider Transactions at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management purchased 450,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average cost of $10.06 per share, for a total transaction of $4,527,000.00. Following the completion of the purchase, the insider now owns 11,751,912 shares in the company, valued at approximately $118,224,234.72. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

Several hedge funds have recently bought and sold shares of the company. Innealta Capital LLC bought a new position in shares of JELD-WEN in the 2nd quarter valued at $30,000. Allspring Global Investments Holdings LLC grew its position in JELD-WEN by 790.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after acquiring an additional 1,922 shares during the last quarter. Blue Trust Inc. raised its stake in JELD-WEN by 79.8% during the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after acquiring an additional 1,284 shares in the last quarter. nVerses Capital LLC bought a new position in shares of JELD-WEN in the second quarter worth about $92,000. Finally, MQS Management LLC acquired a new stake in shares of JELD-WEN in the 3rd quarter valued at approximately $160,000. 95.04% of the stock is owned by institutional investors.

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.