JELD-WEN Holding, Inc. (NYSE:JELD) Receives Average Recommendation of "Reduce" from Brokerages

Shares of JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the eight ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to 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.

Several equities analysts have weighed in on JELD shares. Barclays lowered their price target on shares of JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. UBS Group lowered their price target on shares of JELD-WEN from $7.50 to $5.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. The Goldman Sachs Group lowered their price target on shares of JELD-WEN from $6.00 to $5.25 and set a "neutral" rating on the stock 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 on the stock in a report on Thursday, May 8th. Finally, Royal Bank Of Canada lowered their price target on shares of JELD-WEN from $5.00 to $2.00 and set an "underperform" rating on the stock in a report on Wednesday, May 7th.

Insider Activity at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 100,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were bought at an average price of $5.86 per share, with a total value of $586,000.00. Following the completion of the purchase, the insider now directly owns 12,664,379 shares in the company, valued at $74,213,260.94. This trade represents a 0.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired a total of 579,267 shares of company stock valued at $2,988,705 over the last 90 days. 1.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On JELD-WEN

A number of hedge funds have recently bought and sold shares of JELD. Turtle Creek Asset Management Inc. increased its position in JELD-WEN by 7.2% during 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 acquiring an additional 1,000,000 shares during the last quarter. Pzena Investment Management LLC increased its position in JELD-WEN by 16.5% during the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company's stock valued at $91,443,000 after acquiring an additional 1,583,238 shares during the last quarter. Vanguard Group Inc. increased 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 acquiring an additional 101,944 shares during the last quarter. American Century Companies Inc. increased 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 acquiring an additional 53,175 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased 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 acquiring an additional 146,581 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

JELD-WEN Stock Performance

Shares of JELD stock traded up $0.04 during trading hours on Wednesday, reaching $3.62. The company had a trading volume of 1,973,619 shares, compared to its average volume of 1,102,727. The business has a fifty day moving average price of $4.30 and a 200-day moving average price of $6.48. JELD-WEN has a one year low of $3.27 and a one year high of $17.70. The firm has a market cap of $308.61 million, a PE ratio of -0.90 and a beta of 1.69. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.12 and a current ratio of 1.87.

JELD-WEN (NYSE:JELD - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported ($0.17) EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $769.25 million. During the same period in the previous year, the business posted $0.21 earnings per share. The business's revenue for the quarter was down 19.1% on a year-over-year basis. Sell-side analysts predict that JELD-WEN will post 0.88 earnings per share for the current fiscal year.

JELD-WEN Company Profile

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.