JELD-WEN Holding, Inc. (NYSE:JELD) Receives $7.34 Average Price Target from Brokerages

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) has been assigned a consensus rating of "Reduce" from the eight brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $7.34.

JELD has been the subject of several research analyst reports. Truist Financial dropped their price objective on JELD-WEN from $11.00 to $7.00 and set a "hold" rating for the company in a research note on Wednesday, February 19th. Barclays reduced their price objective on JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Royal Bank of Canada lowered their price target on shares of JELD-WEN from $5.00 to $2.00 and set an "underperform" rating for the company in a report on Wednesday, May 7th. UBS Group reduced their target price on JELD-WEN from $7.50 to $5.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, Wall Street Zen downgraded shares of JELD-WEN from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th.

JELD-WEN Stock Performance

Shares of NYSE:JELD traded up $0.32 during mid-day trading on Friday, reaching $3.68. The company had a trading volume of 3,251,679 shares, compared to its average volume of 1,056,295. 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 firm has a market cap of $314.15 million, a price-to-earnings ratio of -1.65 and a beta of 1.86. JELD-WEN has a one year low of $3.27 and a one year high of $17.70. The company's 50-day moving average price is $5.07 and its 200-day moving average price is $7.37.

JELD-WEN (NYSE:JELD - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported ($0.17) earnings per share for the quarter, beating analysts' consensus estimates of ($0.19) by $0.02. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The business had revenue of $776.00 million during the quarter, compared to analyst estimates of $769.25 million. During the same period in the previous year, the business earned $0.21 EPS. JELD-WEN's revenue was down 19.1% compared to the same quarter last year. As a group, equities research analysts anticipate that JELD-WEN will post 0.88 EPS for the current fiscal year.

Insider Buying and Selling at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management purchased 72,000 shares of the stock in a transaction dated 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 of the company's stock, valued at $4,267,758.72. This represents a 11.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven E. Wynne purchased 10,000 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was purchased at an average price of $6.01 per share, for a total transaction of $60,100.00. Following the completion of the purchase, the director now owns 28,000 shares in the company, valued at approximately $168,280. The trade was a 55.56% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 844,404 shares of company stock worth $4,543,192. Company insiders own 1.24% of the company's stock.

Institutional Investors Weigh In On JELD-WEN

Several hedge funds and other institutional investors have recently made changes to their positions in JELD. Performa Ltd US LLC grew 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 valued at $34,000 after buying an additional 3,950 shares during the period. CWM LLC grew its position in shares of JELD-WEN by 2,140.2% during the 1st quarter. CWM LLC now owns 6,407 shares of the company's stock valued at $38,000 after acquiring an additional 6,121 shares during the period. Quarry LP purchased a new stake in shares of JELD-WEN in the 4th quarter worth $46,000. AlphaQuest LLC raised its holdings in JELD-WEN by 294.7% in the 1st quarter. AlphaQuest LLC now owns 11,169 shares of the company's stock worth $67,000 after purchasing an additional 8,339 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in JELD-WEN in the 1st quarter worth $74,000. Hedge funds and other 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.