JELD-WEN Holding, Inc. (NYSE:JELD) Receives $17.30 Consensus Target Price from Brokerages

JELD-WEN Holding, Inc. (NYSE:JELD) has earned an average rating of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $14.90.

Several brokerages recently weighed in on JELD. Barclays cut their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Loop Capital reduced their price objective 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. B. Riley decreased their target price on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday. The Goldman Sachs Group cut their price target on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada reduced their price target on shares of JELD-WEN from $13.00 to $9.00 and set an “underperform” rating on the stock in a research report on Wednesday.

Insider Activity at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 200,000 shares of JELD-WEN stock in a transaction dated Thursday, November 7th. The stock was bought at an average cost of $10.48 per share, for a total transaction of $2,096,000.00. Following the purchase, the insider now owns 11,941,452 shares in the company, valued at $125,146,416.96. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Pzena Investment Management LLC lifted its position in JELD-WEN by 2.8% in the 3rd 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 during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of JELD-WEN by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock valued at $43,461,000 after purchasing an additional 191,657 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in JELD-WEN by 1,167.9% in the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after purchasing an additional 2,010,275 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in JELD-WEN by 57.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock valued at $33,200,000 after buying an additional 764,645 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in JELD-WEN by 19.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company’s stock valued at $18,400,000 after buying an additional 220,177 shares during the period. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Stock Up 6.6 %

JELD opened at $10.96 on Tuesday. The stock has a market capitalization of $927.44 million, a price-to-earnings ratio of -5.99 and a beta of 2.25. JELD-WEN has a 12 month low of $8.90 and a 12 month high of $21.75. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33. The business has a 50-day moving average of $14.57 and a two-hundred day moving average of $14.91.

JELD-WEN (NYSE:JELD) last released 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 analysts’ expectations of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 11.97%. JELD-WEN’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. On average, research analysts expect that JELD-WEN will post 1.29 earnings per share for the current year.

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.