JELD-WEN Holding, Inc. (NYSE:JELD) Given Consensus Rating of “Reduce” by Analysts

JELD-WEN Holding, Inc. (NYSE:JELD) has received a consensus rating of “Reduce” from the ten brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $18.30.

Several equities research analysts have issued reports on the company. Truist Financial lifted their price objective on JELD-WEN from $15.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, February 21st. B. Riley lifted their price objective on JELD-WEN from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, February 21st. Oppenheimer started coverage on JELD-WEN in a research report on Friday, January 19th. They issued a “market perform” rating for the company. Royal Bank of Canada lifted their target price on JELD-WEN from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 21st. Finally, Loop Capital started coverage on JELD-WEN in a research report on Thursday, February 15th. They issued a “hold” rating and a $22.00 target price for the company.

Insider Activity at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management sold 54,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.84, for a total transaction of $1,071,360.00. Following the completion of the transaction, the insider now owns 760,463 shares in the company, valued at approximately $15,087,585.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Turtle Creek Asset Management sold 54,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.84, for a total transaction of $1,071,360.00. Following the completion of the transaction, the insider now owns 760,463 shares in the company, valued at approximately $15,087,585.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roderick Wendt sold 10,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $30.76, for a total value of $307,600.00. Following the transaction, the director now owns 294,558 shares of the company’s stock, valued at approximately $9,060,604.08. The disclosure for this sale can be found here. Insiders sold 127,000 shares of company stock worth $2,698,610 in the last 90 days. 1.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JELD. Norges Bank acquired a new position in JELD-WEN during the 4th quarter worth $7,316,000. Arrowstreet Capital Limited Partnership acquired a new position in JELD-WEN during the 4th quarter worth $5,781,000. BlackRock Inc. raised its stake in shares of JELD-WEN by 7.9% in the 2nd quarter. BlackRock Inc. now owns 7,180,977 shares of the company’s stock worth $125,954,000 after buying an additional 526,959 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of JELD-WEN by 31.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,981,449 shares of the company’s stock worth $25,083,000 after buying an additional 474,654 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of JELD-WEN by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 8,790,549 shares of the company’s stock worth $117,442,000 after buying an additional 344,435 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Stock Performance

NYSE JELD opened at $18.32 on Friday. The firm has a market capitalization of $1.57 billion, a P/E ratio of 25.10 and a beta of 2.35. JELD-WEN has a 1-year low of $11.02 and a 1-year high of $21.67. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.20 and a quick ratio of 1.49. The business’s 50-day simple moving average is $19.28 and its 200-day simple moving average is $17.14.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, February 19th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.12. JELD-WEN had a return on equity of 17.99% and a net margin of 1.40%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $0.47 EPS. Equities analysts predict that JELD-WEN will post 1.6 EPS for the current year.

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.