JELD-WEN Holding, Inc. (NYSE:JELD) Receives Consensus Recommendation of “Hold” from Analysts

JELD-WEN Holding, Inc. (NYSE:JELD) has received a consensus rating of “Hold” from the ten research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $14.56.

Several equities analysts recently commented on JELD shares. B. Riley cut 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 note on Thursday, November 7th. Barclays cut their price objective on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. The Goldman Sachs Group decreased their target price on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Jefferies Financial Group upped their price target on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, UBS Group reduced their price objective on JELD-WEN from $19.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th.

Insider Transactions at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management purchased 450,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of $10.06 per share, with a total value of $4,527,000.00. Following the acquisition, the insider now directly owns 11,751,912 shares of the company’s stock, valued at approximately $118,224,234.72. This trade represents a 3.98 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.03% of the stock is currently owned by insiders.

Institutional Trading of JELD-WEN

Several large investors have recently added to or reduced their stakes in JELD. Victory Capital Management Inc. raised its stake in shares of 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 valued at $34,504,000 after acquiring an additional 2,010,275 shares during the last quarter. Pzena Investment Management LLC increased its holdings in JELD-WEN by 26.3% during the 2nd quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company’s stock valued at $125,552,000 after purchasing an additional 1,939,052 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in JELD-WEN by 319.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company’s stock valued at $17,985,000 after purchasing an additional 1,017,275 shares during the last quarter. Engine Capital Management LP boosted its stake in JELD-WEN by 223.6% in the second quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock worth $15,656,000 after purchasing an additional 803,095 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in shares of JELD-WEN during the second quarter worth $5,342,000. 95.04% of the stock is owned by institutional investors.

JELD-WEN Trading Up 1.2 %

Shares of NYSE:JELD opened at $10.94 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The stock’s 50-day moving average is $13.46 and its 200-day moving average is $14.16. The company has a market cap of $925.32 million, a P/E ratio of -5.98 and a beta of 2.25. JELD-WEN has a 52-week low of $8.90 and a 52-week high of $21.75.

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). JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The business had revenue of $934.70 million during the quarter, compared to analyst estimates of $990.64 million. During the same period last year, the business earned $0.53 EPS. The business’s quarterly revenue was down 13.2% compared to the same quarter last year. Equities research analysts predict that JELD-WEN will post 0.86 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.