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

JELD-WEN Holding, Inc. (NYSE:JELD) has earned an average recommendation of “Reduce” from the eight research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $12.75.

Several brokerages have recently commented on JELD. UBS Group reiterated a “neutral” rating and set a $9.00 price target (down previously from $15.00) on shares of JELD-WEN in a research report on Wednesday, January 8th. B. Riley dropped their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group raised 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. Barclays dropped their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Finally, Royal Bank of Canada reduced their target price on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Wednesday, December 18th.

JELD-WEN Stock Performance

Shares of JELD-WEN stock opened at $9.49 on Friday. The firm has a 50 day simple moving average of $9.57 and a 200 day simple moving average of $12.86. JELD-WEN has a fifty-two week low of $7.43 and a fifty-two week high of $21.75. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The firm has a market cap of $802.62 million, a P/E ratio of -5.18 and a beta of 2.16.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The firm had revenue of $934.70 million for the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The company’s revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. Sell-side analysts predict that JELD-WEN will post 0.73 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Turtle Creek Asset Management acquired 200,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was bought at an average price of $10.48 per share, with a total value of $2,096,000.00. Following the completion of the transaction, the insider now directly owns 11,941,452 shares of the company’s stock, valued at approximately $125,146,416.96. The trade was a 1.70 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have acquired 960,000 shares of company stock worth $9,086,500 in the last 90 days. Corporate insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pzena Investment Management LLC lifted its holdings in shares of JELD-WEN by 2.8% in the third quarter. Pzena Investment Management LLC now owns 9,582,008 shares of the company’s stock valued at $151,492,000 after purchasing an additional 261,157 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in JELD-WEN by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock valued at $43,461,000 after acquiring an additional 191,657 shares in the last quarter. Victory Capital Management Inc. boosted 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 acquiring an additional 2,010,275 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of JELD-WEN by 57.3% during the 3rd 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 in the last quarter. Finally, State Street Corp raised its holdings in shares of JELD-WEN by 1.1% in the third quarter. State Street Corp now owns 1,998,363 shares of the company’s stock valued at $31,594,000 after purchasing an additional 21,264 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

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.