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

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have earned an average recommendation of “Reduce” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $3.35.

A number of brokerages have recently commented on JELD. Zacks Research raised shares of JELD-WEN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of JELD-WEN in a research report on Monday, December 29th. Barclays set a $2.50 price objective on JELD-WEN in a research note on Monday, December 8th. Jefferies Financial Group increased their target price on JELD-WEN from $2.25 to $2.60 and gave the company a “hold” rating in a research note on Monday, December 15th. Finally, Wall Street Zen lowered JELD-WEN from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th.

Institutional Investors Weigh In On JELD-WEN

A number of large investors have recently added to or reduced their stakes in the company. Miller Value Partners LLC increased its stake in JELD-WEN by 99.8% during the 4th quarter. Miller Value Partners LLC now owns 4,134,210 shares of the company’s stock worth $10,170,000 after buying an additional 2,065,370 shares during the period. One Fin Capital Management LP acquired a new stake in shares of JELD-WEN during the fourth quarter valued at about $4,920,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of JELD-WEN during the third quarter worth about $9,730,000. Federated Hermes Inc. lifted its stake in shares of JELD-WEN by 94.2% in the second quarter. Federated Hermes Inc. now owns 2,707,888 shares of the company’s stock worth $10,615,000 after acquiring an additional 1,313,463 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in JELD-WEN by 76.2% in the third quarter. Millennium Management LLC now owns 2,673,994 shares of the company’s stock valued at $13,129,000 after purchasing an additional 1,156,751 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

JELD-WEN Stock Performance

NYSE JELD opened at $2.19 on Monday. The company has a debt-to-equity ratio of 10.14, a current ratio of 1.76 and a quick ratio of 1.01. JELD-WEN has a 1-year low of $1.70 and a 1-year high of $6.97. The firm has a market capitalization of $186.66 million, a P/E ratio of -0.31 and a beta of 1.74. The business’s 50-day simple moving average is $2.65 and its 200-day simple moving average is $3.83.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Tuesday, February 17th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.19). The business had revenue of $802.00 million during the quarter, compared to analysts’ expectations of $747.20 million. JELD-WEN had a negative net margin of 18.96% and a negative return on equity of 24.19%. Equities analysts predict that JELD-WEN will post 0.88 EPS for the current year.

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.