Weekly Research Analysts’ Ratings Changes for JELD-WEN (JELD)

A number of firms have modified their ratings and price targets on shares of JELD-WEN (NYSE: JELD) recently:

• 11/7/2024 – JELD-WEN had its price target lowered by analysts at B. Riley from $17.00 to $14.00. They now have a “neutral” rating on the stock.
• 11/6/2024 – JELD-WEN had its price target lowered by analysts at Royal Bank of Canada from $13.00 to $9.00. They now have an “underperform” rating on the stock.
• 11/6/2024 – JELD-WEN had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $17.00 to $10.00. They now have a “neutral” rating on the stock.
• 11/6/2024 – JELD-WEN had its price target lowered by analysts at Barclays PLC from $13.00 to $10.00. They now have an “equal weight” rating on the stock.
• 11/6/2024 – JELD-WEN had its price target lowered by analysts at UBS Group AG from $19.00 to $15.00. They now have a “buy” rating on the stock.
• 10/9/2024 – JELD-WEN had its price target raised by analysts at Jefferies Financial Group Inc. from $15.00 to $17.00. They now have a “hold” rating on the stock.
• 10/8/2024 – JELD-WEN had its price target raised by analysts at The Goldman Sachs Group, Inc. from $15.00 to $17.00. They now have a “neutral” rating on the stock.

JELD-WEN Stock Down 4.3 %

Shares of JELD-WEN stock traded down $0.48 during trading on Tuesday, reaching $10.81. The company had a trading volume of 212,355 shares, compared to its average volume of 696,339. The company has a market cap of $914.74 million, a price-to-earnings ratio of -5.91 and a beta of 2.25. The firm’s fifty day moving average is $13.85 and its 200-day moving average is $14.26. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. JELD-WEN Holding, Inc. has a fifty-two week low of $8.90 and a fifty-two week high of $21.75.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The company had revenue of $934.70 million during the quarter, compared to analyst estimates of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The business’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 EPS. On average, analysts anticipate that JELD-WEN Holding, Inc. will post 0.86 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Turtle Creek Asset Management purchased 450,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were bought at an average price 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 of the company’s stock, valued at $118,224,234.72. This trade represents a 3.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.03% of the stock is owned by company insiders.

Institutional Trading of JELD-WEN

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of JELD-WEN by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock valued at $30,771,000 after buying an additional 9,468 shares during the period. K2 Principal Fund L.P. acquired a new stake in shares of JELD-WEN in the 3rd quarter valued at $278,000. State Street Corp lifted its position in JELD-WEN by 1.1% during the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company’s stock worth $31,594,000 after acquiring an additional 21,264 shares during the last quarter. Beaconlight Capital LLC lifted its position in JELD-WEN by 227.9% during the 3rd quarter. Beaconlight Capital LLC now owns 277,272 shares of the company’s stock worth $4,384,000 after acquiring an additional 192,724 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of JELD-WEN by 10.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock worth $573,000 after purchasing an additional 3,383 shares during the period. 95.04% of the stock is currently owned by institutional investors.

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.