Brokerages Set JELD-WEN Holding, Inc. (NYSE:JELD) PT at $7.34

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have received a consensus recommendation of “Reduce” from the eight research firms that are currently covering the firm, 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 updated their coverage on the stock in the last year is $7.34.

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of JELD-WEN from a “hold” rating to a “sell” rating in a report on Wednesday, May 14th. Barclays dropped their price objective on shares of JELD-WEN from $5.00 to $4.50 and set an “equal weight” rating on the stock in a report on Thursday, May 8th. UBS Group dropped their price objective on shares of JELD-WEN from $7.50 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Royal Bank Of Canada dropped their price objective on shares of JELD-WEN from $5.00 to $2.00 and set an “underperform” rating on the stock in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group dropped their price objective on shares of JELD-WEN from $6.00 to $5.25 and set a “neutral” rating on the stock in a report on Wednesday, May 7th.

JELD-WEN Stock Performance

Shares of JELD opened at $4.29 on Friday. The company has a market capitalization of $366.24 million, a PE ratio of -1.06 and a beta of 1.69. JELD-WEN has a one year low of $3.27 and a one year high of $17.70. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.87 and a quick ratio of 1.12. The company’s fifty day moving average price is $3.95 and its 200 day moving average price is $5.86.

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

Insider Buying and Selling

In other news, major shareholder Turtle Creek Asset Management purchased 150,000 shares of JELD-WEN stock in a transaction on 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 completion of the transaction, the insider directly owned 13,250,853 shares in the company, valued at approximately $56,448,633.78. This represents a 1.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 179,267 shares of company stock valued at $787,205 in the last quarter. 1.24% of the stock is owned by insiders.

Hedge Funds Weigh In On JELD-WEN

A number of institutional investors have recently modified their holdings of JELD. Federated Hermes Inc. raised its stake in shares of JELD-WEN by 868.6% during the first quarter. Federated Hermes Inc. now owns 1,394,425 shares of the company’s stock worth $8,325,000 after buying an additional 1,250,456 shares during the last quarter. Parkwood LLC bought a new stake in shares of JELD-WEN during the fourth quarter worth approximately $8,815,000. Turtle Creek Asset Management Inc. raised its stake in shares of JELD-WEN by 7.2% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock worth $121,564,000 after buying an additional 1,000,000 shares during the last quarter. IMS Capital Management bought a new stake in shares of JELD-WEN during the second quarter worth approximately $2,689,000. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of JELD-WEN by 131.2% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,190,150 shares of the company’s stock worth $7,105,000 after buying an additional 675,320 shares during the last quarter. 95.04% of the stock is 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.