JELD-WEN (NYSE:JELD) Price Target Lowered to $7.00 at Truist Financial

JELD-WEN (NYSE:JELD) had its price target lowered by equities researchers at Truist Financial from $11.00 to $7.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price objective suggests a potential upside of 16.74% from the company’s previous close.

A number of other research analysts have also recently commented on JELD. Barclays cut their price target on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Loop Capital lowered their price target on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a report on Wednesday. Royal Bank of Canada lowered their target price on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a report on Wednesday. The Goldman Sachs Group decreased their price target on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, B. Riley decreased their price target on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9.56.

JELD-WEN Stock Performance

Shares of NYSE:JELD traded down $0.74 during midday trading on Wednesday, hitting $6.00. The company’s stock had a trading volume of 2,242,788 shares, compared to its average volume of 842,687. The stock has a market capitalization of $507.38 million, a price-to-earnings ratio of -3.28 and a beta of 2.17. The stock’s 50 day simple moving average is $8.91 and its 200 day simple moving average is $11.95. JELD-WEN has a fifty-two week low of $5.79 and a fifty-two week high of $21.75. 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 (NYSE:JELD) last released its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share 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 the consensus estimate of $860.82 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. As a group, research analysts anticipate that JELD-WEN will post 0.69 earnings per share for the current year.

Insider Transactions at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management purchased 110,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was bought at an average price of $7.65 per share, with a total value of $841,500.00. Following the acquisition, the insider now owns 12,259,784 shares in the company, valued at approximately $93,787,347.60. The trade was a 0.91 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders bought 310,000 shares of company stock valued at $2,463,500. Company insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its stake in JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after purchasing an additional 1,284 shares during the last quarter. Performa Ltd US LLC lifted its holdings in shares of JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after purchasing an additional 3,950 shares during the period. Quarry LP acquired a new position in shares of JELD-WEN during the fourth quarter worth $46,000. US Bancorp DE lifted its holdings in shares of JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after purchasing an additional 7,025 shares during the period. Finally, MQS Management LLC acquired a new position in shares of JELD-WEN during the third quarter worth $160,000. Institutional investors own 95.04% of the company’s stock.

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.