JELD-WEN Holding, Inc. (NYSE:JELD – Get Free Report) has earned an average recommendation of “Reduce” from the nine analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $15.40.
JELD has been the subject of several recent research reports. StockNews.com started coverage on JELD-WEN in a report on Thursday, October 5th. They set a “buy” rating for the company. The Goldman Sachs Group increased their price objective on JELD-WEN from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 7th. Barclays cut their price target on JELD-WEN from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, October 12th. JPMorgan Chase & Co. lifted their price target on JELD-WEN from $17.50 to $18.00 and gave the company a “neutral” rating in a report on Monday, November 13th. Finally, Royal Bank of Canada boosted their target price on JELD-WEN from $12.00 to $13.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 9th.
JELD-WEN Stock Down 0.8 %
JELD-WEN (NYSE:JELD – Get Free Report) last announced its quarterly earnings data on Monday, November 6th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.17. JELD-WEN had a return on equity of 19.74% and a net margin of 2.75%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the firm posted $0.71 EPS. JELD-WEN’s revenue for the quarter was down 16.9% compared to the same quarter last year. Analysts forecast that JELD-WEN will post 1.38 earnings per share for the current year.
Institutional Investors Weigh In On JELD-WEN
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Diversified Trust Co boosted its position in shares of JELD-WEN by 24.6% during the 3rd quarter. Diversified Trust Co now owns 22,773 shares of the company’s stock valued at $304,000 after acquiring an additional 4,496 shares in the last quarter. Morgan Stanley lifted its holdings in shares of JELD-WEN by 19.3% during the 3rd quarter. Morgan Stanley now owns 1,471,542 shares of the company’s stock valued at $19,660,000 after purchasing an additional 237,864 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in JELD-WEN by 26.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 42,459 shares of the company’s stock valued at $567,000 after acquiring an additional 8,978 shares in the last quarter. Legal & General Group Plc lifted its position in JELD-WEN by 7.3% in the 3rd quarter. Legal & General Group Plc now owns 78,376 shares of the company’s stock valued at $1,047,000 after acquiring an additional 5,329 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in JELD-WEN by 42.2% in the 3rd quarter. AQR Capital Management LLC now owns 280,742 shares of the company’s stock valued at $3,751,000 after buying an additional 83,262 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.
JELD-WEN Company Profile
JELD-WEN Holding, Inc designs, manufactures, and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, aluminum, and wood composite windows.
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