JELD-WEN Holding, Inc. (NYSE:JELD) Receives $12.75 Consensus Target Price from Brokerages

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have been given a consensus recommendation of “Reduce” by the eight brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $12.75.

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reduced their price objective on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, December 18th. Jefferies Financial Group increased their price objective on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. The Goldman Sachs Group cut their target price on shares of JELD-WEN from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. B. Riley cut their price target on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Finally, UBS Group reissued a “neutral” rating and issued a $9.00 price objective (down from $15.00) on shares of JELD-WEN in a research report on Wednesday, January 8th.

JELD-WEN Price Performance

Shares of JELD opened at $9.79 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 firm has a market capitalization of $828.01 million, a PE ratio of -5.35 and a beta of 2.16. The stock has a 50 day simple moving average of $9.53 and a 200 day simple moving average of $12.83. JELD-WEN has a 52-week low of $7.43 and a 52-week high of $21.75.

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

Insider Buying and Selling

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 450,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was purchased at an average cost of $10.06 per share, for a total transaction of $4,527,000.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders bought 960,000 shares of company stock valued at $9,086,500 over the last quarter. 1.03% of the stock is owned by company insiders.

Institutional Trading of JELD-WEN

A number of hedge funds and other institutional investors have recently modified their holdings of JELD. Pzena Investment Management LLC boosted its position in JELD-WEN by 2.8% during the 3rd quarter. Pzena Investment Management LLC now owns 9,582,008 shares of the company’s stock worth $151,492,000 after buying an additional 261,157 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of JELD-WEN by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock worth $43,461,000 after purchasing an additional 191,657 shares during the last quarter. Victory Capital Management Inc. increased 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 valued at $34,504,000 after purchasing an additional 2,010,275 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in 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 purchasing an additional 764,645 shares during the last quarter. Finally, State Street Corp grew its position in shares of JELD-WEN by 1.1% in the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company’s stock valued at $31,594,000 after buying an additional 21,264 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

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.