Analysts Set JELD-WEN Holding, Inc. (NYSE:JELD) Target Price at $9.06

JELD-WEN Holding, Inc. (NYSE:JELD) has been given a consensus rating of “Reduce” by the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $9.06.

JELD has been the topic of a number of recent analyst reports. Truist Financial lowered their price target on JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. Royal Bank of Canada decreased their price objective on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a report on Wednesday, February 19th. The Goldman Sachs Group cut their target price on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. UBS Group reduced their target price on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Finally, Barclays lowered their price target on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating on the stock in a report on Monday, February 24th.

Insider Buying and Selling at JELD-WEN

In other news, Director Steven E. Wynne acquired 10,000 shares of the stock in a transaction on Thursday, February 27th. The stock was acquired at an average cost of $6.01 per share, for a total transaction of $60,100.00. Following the completion of the transaction, the director now directly owns 28,000 shares in the company, valued at approximately $168,280. This trade represents a 55.56 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David G. Nord bought 20,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were acquired at an average price of $5.96 per share, with a total value of $119,200.00. Following the completion of the purchase, 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. Insiders purchased 525,137 shares of company stock valued at $3,719,287 in the last three months. Corporate insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

A number of institutional investors have recently modified their holdings of JELD. PharVision Advisers LLC acquired a new stake in JELD-WEN in the fourth quarter valued at about $172,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of JELD-WEN by 17.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 216,899 shares of the company’s stock worth $1,776,000 after acquiring an additional 31,640 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of JELD-WEN in the 4th quarter valued at approximately $888,000. Squarepoint Ops LLC bought a new stake in shares of JELD-WEN during the 4th quarter valued at approximately $240,000. Finally, Turtle Creek Asset Management Inc. increased its position in 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. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Price Performance

NYSE JELD opened at $5.84 on Monday. The firm’s 50 day moving average is $7.88 and its 200-day moving average is $11.01. 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 company has a market capitalization of $495.10 million, a PE ratio of -2.62 and a beta of 2.22. JELD-WEN has a 12-month low of $5.44 and a 12-month high of $21.75.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (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 business had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. Equities research analysts anticipate that JELD-WEN will post 0.88 earnings per share for the current fiscal 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.