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

JELD-WEN Holding, Inc. (NYSE:JELD) has earned a consensus rating of “Hold” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $17.30.

A number of research firms recently issued reports on JELD. Barclays decreased their price target on shares of JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th. The Goldman Sachs Group raised their target price on JELD-WEN from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday. Loop Capital reduced their price target on JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. Royal Bank of Canada reiterated an “underperform” rating and issued a $13.00 price objective on shares of JELD-WEN in a report on Wednesday, August 7th. Finally, Jefferies Financial Group boosted their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday.

JELD-WEN Price Performance

JELD opened at $14.68 on Friday. The stock’s 50 day moving average price is $14.70 and its 200-day moving average price is $15.82. JELD-WEN has a 52-week low of $11.02 and a 52-week high of $21.75. The stock has a market capitalization of $1.26 billion, a PE ratio of 63.83 and a beta of 2.24. 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 issued its quarterly earnings data on Monday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11. JELD-WEN had a negative net margin of 0.92% and a positive return on equity of 14.32%. The business had revenue of $986.00 million for the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the firm earned $0.44 EPS. The company’s quarterly revenue was down 12.4% compared to the same quarter last year. On average, equities research analysts predict that JELD-WEN will post 1.29 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of JELD-WEN during the third quarter valued at approximately $331,000. The Manufacturers Life Insurance Company lifted its position in JELD-WEN by 7.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,436 shares of the company’s stock valued at $585,000 after acquiring an additional 3,066 shares in the last quarter. Engine Capital Management LP boosted its stake in JELD-WEN by 223.6% during the 2nd quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock valued at $15,656,000 after purchasing an additional 803,095 shares during the last quarter. Xponance Inc. bought a new stake in shares of JELD-WEN in the 2nd quarter worth $198,000. Finally, Sei Investments Co. raised its stake in shares of JELD-WEN by 13.2% in the second quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock worth $242,000 after purchasing an additional 2,100 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.