JELD-WEN Holding, Inc. (NYSE:JELD) Receives $3.35 Average PT from Analysts

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have been assigned a consensus rating of “Reduce” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $3.35.

A number of analysts have commented on JELD shares. The Goldman Sachs Group decreased their target price on JELD-WEN from $3.75 to $3.25 and set a “neutral” rating on the stock in a research report on Tuesday, January 13th. Barclays set a $2.50 price target on JELD-WEN in a research note on Monday, December 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of JELD-WEN in a research note on Monday, December 29th. Zacks Research upgraded shares of JELD-WEN from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Jefferies Financial Group lifted their target price on shares of JELD-WEN from $2.25 to $2.60 and gave the stock a “hold” rating in a research report on Monday, December 15th.

Hedge Funds Weigh In On JELD-WEN

Several hedge funds have recently bought and sold shares of the stock. Turtle Creek Asset Management Inc. lifted its position in shares of JELD-WEN by 2.5% in the third quarter. Turtle Creek Asset Management Inc. now owns 16,625,557 shares of the company’s stock valued at $81,631,000 after acquiring an additional 407,947 shares in the last quarter. Vanguard Group Inc. raised its position in shares of JELD-WEN by 3.0% in the third quarter. Vanguard Group Inc. now owns 5,021,099 shares of the company’s stock valued at $24,654,000 after buying an additional 145,755 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in JELD-WEN by 23.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,429,498 shares of the company’s stock worth $10,897,000 after acquiring an additional 840,034 shares during the last quarter. Miller Value Partners LLC grew its stake in JELD-WEN by 99.8% in the 4th quarter. Miller Value Partners LLC now owns 4,134,210 shares of the company’s stock worth $10,170,000 after acquiring an additional 2,065,370 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of JELD-WEN by 45.6% during the 4th quarter. Federated Hermes Inc. now owns 3,338,835 shares of the company’s stock worth $8,214,000 after purchasing an additional 1,045,273 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

JELD-WEN Stock Down 5.6%

Shares of NYSE JELD opened at $1.26 on Friday. The stock has a market capitalization of $108.32 million, a price-to-earnings ratio of -0.18 and a beta of 1.77. JELD-WEN has a 52 week low of $1.24 and a 52 week high of $6.98. The firm has a 50-day moving average price of $2.31 and a 200 day moving average price of $3.23. The company has a quick ratio of 0.99, a current ratio of 1.76 and a debt-to-equity ratio of 12.47.

JELD-WEN (NYSE:JELD) last issued its earnings results on Tuesday, February 17th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.19). The company had revenue of $801.96 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 29.63%. Equities research analysts anticipate that JELD-WEN will post 0.88 EPS for the current fiscal 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.