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

Shares of JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) have earned an average recommendation of "Reduce" from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $7.34.

A number of equities research analysts have recently commented on JELD shares. Royal Bank Of Canada lowered their price target on shares of JELD-WEN from $5.00 to $2.00 and set an "underperform" rating for the company in a report on Wednesday, May 7th. Wall Street Zen downgraded shares of JELD-WEN from a "hold" rating to a "sell" rating in a report on Wednesday, May 14th. The Goldman Sachs Group lowered their price target on shares of JELD-WEN from $6.00 to $5.25 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Loop Capital lowered their price target on shares of JELD-WEN from $8.00 to $4.00 and set a "hold" rating for the company in a report on Thursday, May 8th. Finally, Barclays lowered their price target on shares of JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating for the company in a report on Thursday, May 8th.

JELD-WEN Stock Performance

NYSE:JELD opened at $4.59 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.12 and a debt-to-equity ratio of 2.56. The firm has a 50-day moving average price of $3.97 and a two-hundred day moving average price of $5.91. JELD-WEN has a twelve month low of $3.27 and a twelve month high of $17.70. The company has a market capitalization of $391.83 million, a P/E ratio of -1.14 and a beta of 1.69.

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

Insider Transactions at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management bought 150,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of $4.26 per share, for a total transaction of $639,000.00. Following the completion of the acquisition, the insider owned 13,250,853 shares in the company, valued at $56,448,633.78. This trade represents a 1.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 279,267 shares of company stock valued at $1,300,205 in the last ninety days. 1.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On JELD-WEN

A number of institutional investors have recently bought and sold shares of the stock. Turtle Creek Asset Management Inc. grew its holdings in JELD-WEN by 7.2% in the fourth 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. lifted its position in JELD-WEN by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company's stock valued at $69,984,000 after buying an additional 101,944 shares in the last quarter. American Century Companies Inc. lifted its position in JELD-WEN by 0.9% during the first quarter. American Century Companies Inc. now owns 5,829,115 shares of the company's stock valued at $34,800,000 after buying an additional 53,175 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in JELD-WEN by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,701,950 shares of the company's stock valued at $30,319,000 after buying an additional 146,581 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in JELD-WEN by 11.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,489,949 shares of the company's stock valued at $14,865,000 after buying an additional 264,510 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

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.

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