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

JELD-WEN Holding, Inc. (NYSE:JELD) has been given an average rating of “Reduce” by the eight research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $7.34.

JELD has been the subject of a number of recent research reports. The Goldman Sachs Group dropped their target price on JELD-WEN from $6.00 to $5.25 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. UBS Group decreased their price target on JELD-WEN from $7.50 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Loop Capital decreased their price target on JELD-WEN from $8.00 to $4.00 and set a “hold” rating on the stock in a report on Thursday, May 8th. Truist Financial decreased their price target on JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Finally, Royal Bank of Canada decreased their price target on JELD-WEN from $5.00 to $2.00 and set an “underperform” rating on the stock in a report on Wednesday, May 7th.

JELD-WEN Stock Down 1.6%

NYSE JELD opened at $3.37 on Friday. The firm has a market cap of $287.26 million, a PE ratio of -1.51 and a beta of 1.86. JELD-WEN has a one year low of $3.27 and a one year high of $17.70. The stock’s 50 day simple moving average is $5.12 and its 200 day simple moving average is $7.46. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Monday, May 5th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. The business had revenue of $776.00 million for the quarter, compared to analyst estimates of $769.25 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. JELD-WEN’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 EPS. As a group, sell-side analysts forecast that JELD-WEN will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling at JELD-WEN

In other JELD-WEN news, Director Steven E. Wynne purchased 10,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $6.01 per share, with a total value of $60,100.00. Following the completion of the transaction, the director now directly owns 28,000 shares in the company, valued at $168,280. This trade represents a 55.56% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Turtle Creek Asset Management purchased 72,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $6.08 per share, for a total transaction of $437,760.00. Following the transaction, the insider now owns 701,934 shares of the company’s stock, valued at $4,267,758.72. This trade represents a 11.43% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 864,404 shares of company stock valued at $4,662,392. 1.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On JELD-WEN

A number of hedge funds have recently modified their holdings of JELD. Performa Ltd US LLC raised its position in shares of JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after purchasing an additional 3,950 shares during the period. CWM LLC raised its position in shares of JELD-WEN by 2,140.2% during the first quarter. CWM LLC now owns 6,407 shares of the company’s stock worth $38,000 after purchasing an additional 6,121 shares during the period. Quarry LP acquired a new stake in shares of JELD-WEN during the fourth quarter worth about $46,000. AlphaQuest LLC raised its position in shares of JELD-WEN by 294.7% during the first quarter. AlphaQuest LLC now owns 11,169 shares of the company’s stock worth $67,000 after purchasing an additional 8,339 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of JELD-WEN during the first quarter worth about $74,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Company Profile

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.