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 received an average rating of "Reduce" from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $7.34.

Several analysts have weighed in on the stock. Barclays dropped their target price on shares of JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Truist Financial dropped their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. Royal Bank Of Canada dropped their price objective 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. Loop Capital dropped their price objective 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, The Goldman Sachs Group dropped their price objective 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.

JELD-WEN Stock Up 0.7%

Shares of NYSE:JELD traded up $0.03 during trading hours on Wednesday, hitting $3.58. The company's stock had a trading volume of 1,456,323 shares, compared to its average volume of 1,097,204. JELD-WEN has a 52 week low of $3.27 and a 52 week high of $17.70. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.87 and a quick ratio of 1.12. The company has a market capitalization of $305.20 million, a price-to-earnings ratio of -0.89 and a beta of 1.69. The firm's fifty day moving average price is $4.34 and its 200 day moving average price is $6.56.

JELD-WEN (NYSE:JELD - Get Free Report) last posted its quarterly 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. JELD-WEN had a negative net margin of 9.49% and a positive return on equity of 3.70%. The business had revenue of $776.00 million during the quarter, compared to analyst estimates of $769.25 million. During the same quarter in the previous year, the business posted $0.21 EPS. The company's quarterly revenue was down 19.1% compared to the same quarter last year. As a group, research analysts expect that JELD-WEN will post 0.88 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Turtle Creek Asset Management purchased 50,000 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average cost of $5.97 per share, with a total value of $298,500.00. Following the completion of the acquisition, the insider now owns 12,524,901 shares of the company's stock, valued at approximately $74,773,658.97. This represents a 0.40% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have bought 649,267 shares of company stock valued at $3,406,605. Corporate insiders own 1.24% of the company's stock.

Institutional Trading of JELD-WEN

A number of hedge funds have recently added to or reduced their stakes in the company. Performa Ltd US LLC raised its position in JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company's stock worth $34,000 after acquiring an additional 3,950 shares during the period. Quarry LP acquired a new position in JELD-WEN during the fourth quarter worth $46,000. CWM LLC raised its position in JELD-WEN by 2,140.2% during the first quarter. CWM LLC now owns 6,407 shares of the company's stock worth $38,000 after acquiring an additional 6,121 shares during the period. US Bancorp DE raised its position in JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company's stock worth $80,000 after acquiring an additional 7,025 shares during the period. Finally, Brevan Howard Capital Management LP acquired a new position in JELD-WEN during the fourth quarter worth $83,000. 95.04% of the stock is 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.