Brokerages Set JELD-WEN Holding, Inc. (NYSE:JELD) Target Price at $1.80

JELD-WEN Holding, Inc. (NYSE:JELD) has been given an average recommendation of “Reduce” by the six ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $1.80.

JELD has been the subject of several recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of JELD-WEN in a report on Friday, May 22nd. Wall Street Zen lowered shares of JELD-WEN from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th. UBS Group cut their price target on shares of JELD-WEN from $3.00 to $1.60 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Barclays reduced their price objective on shares of JELD-WEN from $2.50 to $1.50 and set an “equal weight” rating for the company in a research note on Tuesday, July 14th. Finally, The Goldman Sachs Group decreased their price objective on JELD-WEN from $1.75 to $1.50 and set a “neutral” rating for the company in a report on Friday, July 10th.

JELD-WEN Trading Down 0.5%

NYSE JELD opened at $1.09 on Thursday. The stock has a market capitalization of $94.33 million, a price-to-earnings ratio of -0.18 and a beta of 2.10. The stock’s 50 day moving average price is $1.56 and its two-hundred day moving average price is $1.79. The company has a debt-to-equity ratio of 97.65, a quick ratio of 0.93 and a current ratio of 1.68. JELD-WEN has a 52 week low of $0.93 and a 52 week high of $6.97.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Monday, May 4th. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.20). JELD-WEN had a negative return on equity of 65.79% and a negative net margin of 16.02%.The firm had revenue of $722.12 million for the quarter, compared to analyst estimates of $721.62 million.

Insider Transactions at JELD-WEN

In related news, Director Bruce M. Taten sold 19,483 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $1.66, for a total transaction of $32,341.78. Following the sale, the director owned 88,158 shares in the company, valued at approximately $146,342.28. This represents a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.87% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Performa Ltd US LLC boosted its holdings in shares of JELD-WEN by 73.8% in the 4th quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock valued at $32,000 after buying an additional 5,500 shares during the last quarter. GAMMA Investing LLC increased its holdings in JELD-WEN by 264.0% during the fourth quarter. GAMMA Investing LLC now owns 13,443 shares of the company’s stock worth $33,000 after buying an additional 9,750 shares during the last quarter. State of Wyoming acquired a new position in JELD-WEN during the first quarter worth $33,000. Parkwoods Wealth Partners LLC acquired a new position in JELD-WEN during the fourth quarter worth $34,000. Finally, Aaron Wealth Advisors LLC bought a new stake in JELD-WEN during the fourth quarter worth $36,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

About JELD-WEN

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.