Brokerages Set JELD-WEN Holding, Inc. (NYSE:JELD) Target Price at $8.94

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) has earned a consensus rating of "Reduce" from the eight research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $8.94.

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group lowered their price target on shares of JELD-WEN from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. UBS Group reduced their target price on JELD-WEN from $9.00 to $7.50 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Barclays lowered their price objective on shares of JELD-WEN from $6.00 to $5.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. StockNews.com downgraded JELD-WEN from a "hold" rating to a "sell" rating in a report on Friday, March 7th. Finally, Royal Bank of Canada lowered 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.

Insider Buying and Selling

In related news, major shareholder Turtle Creek Asset Management purchased 72,000 shares of the stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $6.08 per share, with a total value of $437,760.00. Following the acquisition, the insider now directly owns 701,934 shares in the company, valued at $4,267,758.72. The trade was a 11.43 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David G. Nord acquired 20,000 shares of the business's stock in a transaction on Monday, February 24th. The shares were bought at an average price of $5.96 per share, with a total value of $119,200.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 714,404 shares of company stock valued at $4,023,392. 1.24% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JELD. Pzena Investment Management LLC boosted its position in shares of JELD-WEN by 16.5% in 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 period. Alberta Investment Management Corp bought a new stake in JELD-WEN in the 4th quarter valued at about $9,492,000. Parkwood LLC acquired a new position in shares of JELD-WEN during the 4th quarter worth approximately $8,815,000. Turtle Creek Asset Management Inc. grew its position in shares of JELD-WEN by 7.2% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company's stock worth $121,564,000 after purchasing an additional 1,000,000 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of JELD-WEN by 12.3% during the fourth quarter. American Century Companies Inc. now owns 5,775,940 shares of the company's stock worth $47,305,000 after purchasing an additional 634,101 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

JELD-WEN Price Performance

Shares of JELD-WEN stock traded up $0.19 during midday trading on Tuesday, reaching $5.77. The company had a trading volume of 1,528,648 shares, compared to its average volume of 971,359. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The stock has a fifty day simple moving average of $5.67 and a 200 day simple moving average of $8.43. JELD-WEN has a 1-year low of $4.91 and a 1-year high of $20.20. The company has a market capitalization of $492.56 million, a price-to-earnings ratio of -2.59 and a beta of 1.86.

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

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.