JELD-WEN’s (JELD) Neutral Rating Reiterated at UBS Group

UBS Group reissued their neutral rating on shares of JELD-WEN (NYSE:JELD) in a research report sent to investors on Wednesday, MarketBeat reports. They currently have a $9.00 price target on the stock, down from their prior price target of $15.00.

JELD has been the topic of several other research reports. B. Riley lowered their price target on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. The Goldman Sachs Group lowered their target price on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada cut their price target on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, December 18th. Barclays lowered their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group increased their target price on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.88.

JELD-WEN Trading Up 0.5 %

Shares of JELD-WEN stock opened at $7.75 on Wednesday. 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 stock has a market capitalization of $655.81 million, a PE ratio of -4.23 and a beta of 2.16. JELD-WEN has a 1-year low of $7.43 and a 1-year high of $21.75. The company’s fifty day simple moving average is $9.91 and its 200-day simple moving average is $13.04.

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

Insider Buying and Selling

In other news, major shareholder Turtle Creek Asset Management acquired 110,000 shares of JELD-WEN stock in a transaction on Friday, January 10th. The shares were acquired at an average price of $7.65 per share, with a total value of $841,500.00. Following the purchase, the insider now directly owns 12,259,784 shares in the company, valued at $93,787,347.60. The trade was a 0.91 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have bought 885,000 shares of company stock worth $8,452,000. Corporate insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JELD. Victory Capital Management Inc. lifted its position in JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after purchasing an additional 2,010,275 shares during the last quarter. Geode Capital Management LLC raised its position 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 in the last quarter. Edgestream Partners L.P. bought a new position in shares of JELD-WEN in the 2nd quarter valued at about $817,000. Vaughan Nelson Investment Management L.P. grew its position in JELD-WEN by 57.3% in 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 in the last quarter. Finally, Engine Capital Management LP increased its stake in JELD-WEN by 223.6% during the second quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock worth $15,656,000 after acquiring an additional 803,095 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other 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.