JELD-WEN Holding, Inc. designs, manufactures, and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, aluminum, and wood composite windows. It also provides other ancillary products and services, such as shower enclosures and wardrobes, moldings, trim boards, lumber, cutstocks, glasses, staircases, hardware and locks, cabinets, and screens, as well as molded door skins, and miscellaneous installation and other services. The company markets its products under the JELD-WEN, Swedoor, DANA, Corinthian, Stegbar, LaCantina, VPI, and Breezway brands. It serves wholesale distributors and retailers, as well as individual contractors and consumers. The company was founded in 1960 and is headquartered in Charlotte, North Carolina.
JELD-WEN Stock Performance
NYSE:JELD opened at $13.30 on Friday. JELD-WEN has a 12-month low of $12.12 and a 12-month high of $29.89. The company has a quick ratio of 1.33, a current ratio of 2.14 and a debt-to-equity ratio of 2.54. The firm has a market capitalization of $1.12 billion, a PE ratio of 9.71 and a beta of 2.21. The firm has a 50-day moving average price of $15.11 and a 200 day moving average price of $18.94.
JELD-WEN (NYSE:JELD - Get Rating) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.07). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. JELD-WEN had a return on equity of 19.00% and a net margin of 2.59%. The business's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the company earned $0.59 EPS. Research analysts anticipate that JELD-WEN will post 1.64 earnings per share for the current fiscal year.
Analysts Set New Price Targets
JELD has been the subject of a number of recent analyst reports. Robert W. Baird decreased their price target on shares of JELD-WEN from $25.00 to $22.00 in a report on Tuesday, May 3rd. Stifel Nicolaus cut shares of JELD-WEN from a "buy" rating to a "hold" rating and decreased their price target for the company from $22.00 to $17.00 in a report on Tuesday, August 2nd. The Goldman Sachs Group decreased their price target on shares of JELD-WEN from $21.00 to $16.00 and set a "neutral" rating for the company in a report on Thursday, June 23rd. Credit Suisse Group decreased their price target on shares of JELD-WEN from $24.00 to $20.00 and set an "outperform" rating for the company in a report on Monday. Finally, Wells Fargo & Company cut shares of JELD-WEN from an "overweight" rating to an "equal weight" rating and set a $16.00 target price for the company. in a research note on Tuesday, June 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.33.
Insider Transactions at JELD-WEN
In other news, major shareholder Turtle Creek Asset Management acquired 121,815 shares of the company's stock in a transaction dated Thursday, June 23rd. The stock was bought at an average price of $13.82 per share, with a total value of $1,683,483.30. Following the completion of the acquisition, the insider now owns 11,268,303 shares in the company, valued at approximately $155,727,947.46. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders bought 218,978 shares of company stock valued at $3,031,967. Corporate insiders own 1.81% of the company's stock.