Brokerages Set JELD-WEN Holding, Inc. (NYSE:JELD) Target Price at $7.34

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) has been given an average recommendation of "Reduce" by the eight research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $7.34.

Several analysts recently commented on the company. Truist Financial dropped their price target on JELD-WEN from $11.00 to $7.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. UBS Group dropped their target price on JELD-WEN from $7.50 to $5.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. The Goldman Sachs Group dropped their target price on JELD-WEN from $6.00 to $5.25 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Royal Bank of Canada dropped their target price on JELD-WEN from $5.00 to $2.00 and set an "underperform" rating for the company in a report on Wednesday, May 7th. Finally, Barclays dropped their target price on JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating for the company in a report on Thursday, May 8th.

JELD-WEN Price Performance

Shares of JELD stock traded up $0.22 during trading hours on Friday, hitting $3.70. 1,656,901 shares of the company's stock were exchanged, compared to its average volume of 1,062,201. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The firm has a market cap of $316.02 million, a P/E ratio of -1.66 and a beta of 1.86. The firm has a 50 day moving average of $4.92 and a two-hundred day moving average of $7.26. JELD-WEN has a fifty-two week low of $3.27 and a fifty-two week high of $17.70.

JELD-WEN (NYSE:JELD - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.02. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The firm had revenue of $776.00 million during the quarter, compared to analysts' expectations of $769.25 million. During the same period in the previous year, the business earned $0.21 earnings per share. The firm's revenue for the quarter was down 19.1% on a year-over-year basis. Sell-side analysts forecast that JELD-WEN will post 0.88 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Turtle Creek Asset Management purchased 70,000 shares of JELD-WEN stock in a transaction on Friday, March 21st. The shares were bought at an average price of $5.97 per share, with a total value of $417,900.00. Following the transaction, the insider now directly owns 12,485,051 shares of the company's stock, valued at approximately $74,535,754.47. This trade represents a 0.56% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have bought 762,404 shares of company stock valued at $4,045,332. Corporate insiders own 1.24% of the company's stock.

Institutional Investors Weigh In On JELD-WEN

A number of hedge funds have recently bought and sold shares of the stock. Strs Ohio acquired a new stake in JELD-WEN in the 1st quarter valued at about $289,000. Jane Street Group LLC raised its position in JELD-WEN by 350.2% in the 1st quarter. Jane Street Group LLC now owns 194,154 shares of the company's stock valued at $1,159,000 after purchasing an additional 151,030 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in JELD-WEN by 82.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,514 shares of the company's stock valued at $2,367,000 after purchasing an additional 179,615 shares in the last quarter. Empowered Funds LLC raised its position in JELD-WEN by 3.1% in the 1st quarter. Empowered Funds LLC now owns 442,547 shares of the company's stock valued at $2,642,000 after purchasing an additional 13,115 shares in the last quarter. Finally, Aristeia Capital L.L.C. acquired a new stake in JELD-WEN in the 1st quarter valued at about $289,000. Institutional investors and hedge funds 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.