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

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) has been given a consensus rating of "Reduce" by the eight research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $8.94.

A number of brokerages have weighed in on JELD. Barclays reduced their price target on shares of JELD-WEN from $6.00 to $5.00 and set an "equal weight" rating for the company in a report on Tuesday. Truist Financial reduced their target price on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" rating for the company in a research note on Wednesday, February 19th. Loop Capital lowered their price target on JELD-WEN from $10.00 to $8.00 and set a "hold" rating on the stock in a research note on Wednesday, February 19th. UBS Group reduced their price objective on JELD-WEN from $9.00 to $7.50 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group lowered their price objective on JELD-WEN from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th.

JELD-WEN Stock Performance

JELD-WEN stock traded up $0.30 on Friday, reaching $5.41. 2,051,984 shares of the stock were exchanged, compared to its average volume of 879,883. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. JELD-WEN has a twelve month low of $4.91 and a twelve month high of $21.75. The firm has a fifty day moving average price of $6.52 and a two-hundred day moving average price of $9.70. The stock has a market cap of $461.83 million, a PE ratio of -2.43 and a beta of 1.93.

JELD-WEN (NYSE:JELD - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. Sell-side analysts anticipate that JELD-WEN will post 0.88 EPS for the current year.

Insider Buying and Selling at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 75,000 shares of the firm's stock in a transaction dated Monday, January 13th. The shares were bought at an average price of $8.46 per share, for a total transaction of $634,500.00. Following the completion of the acquisition, the insider now owns 12,320,226 shares of the company's stock, valued at approximately $104,229,111.96. This trade represents a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David G. Nord acquired 20,000 shares of the firm's stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $5.96 per share, for a total transaction of $119,200.00. Following the acquisition, the director now owns 40,000 shares in the company, 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. Insiders have purchased 720,137 shares of company stock worth $4,580,187 over the last three months. Company insiders own 1.24% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JELD. Performa Ltd US LLC increased its position in JELD-WEN by 1,580.0% in the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company's stock worth $34,000 after purchasing an additional 3,950 shares during the period. Quarry LP bought a new position in shares of JELD-WEN during the fourth quarter worth $46,000. US Bancorp DE grew its holdings in shares of JELD-WEN by 257.6% in the 4th quarter. US Bancorp DE now owns 9,752 shares of the company's stock valued at $80,000 after buying an additional 7,025 shares during the period. Brevan Howard Capital Management LP bought a new stake in shares of JELD-WEN in the 4th quarter valued at $83,000. Finally, GAMMA Investing LLC raised its stake in JELD-WEN by 1,054.6% during the 1st quarter. GAMMA Investing LLC now owns 14,710 shares of the company's stock worth $88,000 after buying an additional 13,436 shares during the period. Institutional investors own 95.04% of the company's stock.

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.