JELD-WEN Holding, Inc. (NYSE:JELD) Given Consensus Recommendation of "Reduce" by Brokerages

Shares of JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) have been assigned an average rating of "Reduce" from the eight brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $7.34.

Several equities research analysts have recently commented on the company. Loop Capital lowered their target price on JELD-WEN from $8.00 to $4.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Royal Bank Of Canada lowered their target price on JELD-WEN from $5.00 to $2.00 and set an "underperform" rating for the company in a research note on Wednesday, May 7th. UBS Group reduced their price target on JELD-WEN from $7.50 to $5.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen lowered JELD-WEN from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Finally, The Goldman Sachs Group reduced their price target on JELD-WEN from $6.00 to $5.25 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th.

JELD-WEN Price Performance

NYSE JELD traded down $0.17 during trading hours on Friday, reaching $4.13. 2,907,635 shares of the company's stock were exchanged, compared to its average volume of 1,163,379. The firm has a fifty day moving average of $3.95 and a 200-day moving average of $5.86. The stock has a market cap of $352.13 million, a PE ratio of -1.02 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 current ratio of 1.87, a quick ratio of 1.12 and a debt-to-equity ratio of 2.56.

JELD-WEN (NYSE:JELD - Get Free Report) last released its earnings results on Monday, May 5th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.02. The company had revenue of $776.00 million during the quarter, compared to analysts' expectations of $769.25 million. JELD-WEN had a positive return on equity of 3.70% and a negative net margin of 9.49%. The business's revenue for the quarter was down 19.1% on a year-over-year basis. During the same period last year, the firm earned $0.21 EPS. On average, equities research analysts predict that JELD-WEN will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 150,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average price of $4.26 per share, with a total value of $639,000.00. Following the purchase, the insider owned 13,250,853 shares of the company's stock, valued at $56,448,633.78. This represents a 1.14% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders acquired 179,267 shares of company stock worth $787,205. Company insiders own 1.24% of the company's stock.

Institutional Trading of JELD-WEN

Several hedge funds have recently added to or reduced their stakes in JELD. Turtle Creek Asset Management Inc. raised its stake in shares of JELD-WEN by 7.2% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company's stock valued at $121,564,000 after purchasing an additional 1,000,000 shares during the period. Vanguard Group Inc. raised its stake in shares of JELD-WEN by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company's stock valued at $69,984,000 after purchasing an additional 101,944 shares during the period. American Century Companies Inc. raised its stake in shares of JELD-WEN by 0.9% in the 1st quarter. American Century Companies Inc. now owns 5,829,115 shares of the company's stock valued at $34,800,000 after purchasing an additional 53,175 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of JELD-WEN by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,701,950 shares of the company's stock valued at $30,319,000 after acquiring an additional 146,581 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of JELD-WEN by 11.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,489,949 shares of the company's stock valued at $14,865,000 after acquiring an additional 264,510 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

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.