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

Shares of JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) have been given an average rating of "Reduce" by the eight brokerages that are covering the stock, MarketBeat reports. One equities research 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 brokerages that have updated their coverage on the stock in the last year is $8.94.

A number of equities research analysts have commented on the company. StockNews.com downgraded JELD-WEN from a "hold" rating to a "sell" rating in a research report on Friday, March 7th. Loop Capital reduced their price objective on shares of JELD-WEN from $10.00 to $8.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. UBS Group lowered their target price on shares of JELD-WEN from $9.00 to $7.50 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Royal Bank of Canada reduced their price target on shares of JELD-WEN from $7.00 to $5.00 and set an "underperform" rating on the stock in a research note on Wednesday, February 19th. Finally, Truist Financial dropped their target price on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" rating for the company in a report on Wednesday, February 19th.

Insider Activity

In other news, Director David G. Nord purchased 20,000 shares of the stock in a transaction on Monday, February 24th. The stock was bought at an average price of $5.96 per share, for a total transaction of $119,200.00. Following the acquisition, the director now directly owns 40,000 shares of the company's stock, valued at approximately $238,400. The trade was a 100.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven E. Wynne acquired 10,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of $6.01 per share, for a total transaction of $60,100.00. Following the completion of the transaction, the director now owns 28,000 shares in the company, valued at approximately $168,280. The trade was a 55.56 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 714,404 shares of company stock worth $4,023,392. Corporate insiders own 1.24% of the company's stock.

Hedge Funds Weigh In On JELD-WEN

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of JELD-WEN by 8.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 130,078 shares of the company's stock worth $2,057,000 after acquiring an additional 10,154 shares in the last quarter. Diversified Trust Co boosted its holdings in JELD-WEN by 8.8% in the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company's stock valued at $226,000 after purchasing an additional 2,242 shares in the last quarter. First Hawaiian Bank increased its stake in JELD-WEN by 26.7% in the fourth quarter. First Hawaiian Bank now owns 70,893 shares of the company's stock valued at $581,000 after purchasing an additional 14,939 shares during the last quarter. Hennessy Advisors Inc. raised its holdings in JELD-WEN by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 477,200 shares of the company's stock worth $3,908,000 after purchasing an additional 30,400 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of JELD-WEN by 57.1% during the 4th quarter. SG Americas Securities LLC now owns 32,884 shares of the company's stock worth $269,000 after buying an additional 11,946 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

JELD-WEN Trading Up 3.4 %

Shares of NYSE JELD traded up $0.19 during trading on Tuesday, hitting $5.77. 1,528,648 shares of the company were exchanged, compared to its average volume of 971,861. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. JELD-WEN has a 12-month low of $4.91 and a 12-month high of $20.63. The company has a fifty day moving average price of $5.68 and a 200-day moving average price of $8.60. The firm has a market capitalization of $492.56 million, a PE ratio of -2.59 and a beta of 1.93.

JELD-WEN (NYSE:JELD - Get Free Report) last posted its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.20). The firm had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. As a group, equities research analysts expect that JELD-WEN will post 0.88 EPS for the current 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.