Analysts Set JELD-WEN Holding, Inc. (NYSE:JELD) Price Target at $7.34

JELD-WEN Holding, Inc. (NYSE:JELD) has received an average rating of “Reduce” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $7.34.

A number of analysts recently issued reports on JELD shares. Barclays dropped their price objective on JELD-WEN from $5.00 to $4.50 and set an “equal weight” rating on the stock in a report on Thursday, May 8th. Royal Bank Of Canada dropped their price objective on JELD-WEN from $5.00 to $2.00 and set an “underperform” rating on the stock in a report on Wednesday, May 7th. UBS Group dropped their price objective on JELD-WEN from $7.50 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Wall Street Zen cut JELD-WEN from a “hold” rating to a “sell” rating in a report on Wednesday, May 14th. Finally, Loop Capital decreased their target price on JELD-WEN from $8.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday, May 8th.

JELD-WEN Trading Up 1.0%

Shares of JELD-WEN stock opened at $3.62 on Wednesday. JELD-WEN has a 52-week low of $3.27 and a 52-week high of $17.70. The stock’s 50-day simple moving average is $4.30 and its 200 day simple moving average is $6.51. The stock has a market capitalization of $308.61 million, a P/E ratio of -0.90 and a beta of 1.69. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.12 and a current ratio of 1.87.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. The business had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $769.25 million. JELD-WEN had a positive return on equity of 3.70% and a negative net margin of 9.49%. The firm’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 EPS. As a group, research analysts anticipate that JELD-WEN will post 0.88 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Turtle Creek Asset Management acquired 150,000 shares of JELD-WEN stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average cost of $4.26 per share, for a total transaction of $639,000.00. Following the transaction, the insider now owns 13,250,853 shares of the company’s stock, valued at $56,448,633.78. This trade represents a 1.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired 579,267 shares of company stock worth $2,988,705 in the last ninety days. 1.24% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JELD-WEN

Several institutional investors have recently modified their holdings of JELD. Performa Ltd US LLC increased its position in shares of JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after purchasing an additional 3,950 shares during the last quarter. CWM LLC boosted its holdings in JELD-WEN by 2,140.2% during the 1st quarter. CWM LLC now owns 6,407 shares of the company’s stock valued at $38,000 after acquiring an additional 6,121 shares during the period. Quarry LP purchased a new stake in JELD-WEN during the 4th quarter valued at about $46,000. AlphaQuest LLC boosted its holdings in JELD-WEN by 294.7% during the 1st quarter. AlphaQuest LLC now owns 11,169 shares of the company’s stock valued at $67,000 after acquiring an additional 8,339 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in JELD-WEN during the 1st quarter valued at about $74,000. 95.04% of the stock is currently owned by institutional investors.

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.