JELD-WEN (NYSE:JELD) Given New $7.00 Price Target at Truist Financial

JELD-WEN (NYSE:JELD) had its price target cut by stock analysts at Truist Financial from $11.00 to $7.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s target price suggests a potential upside of 13.91% from the company’s previous close.

A number of other research firms have also recently issued reports on JELD. UBS Group cut their target price on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday. Royal Bank of Canada cut their target price on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a research note on Wednesday. Loop Capital cut their target price on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a research note on Wednesday. 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. Finally, Barclays cut their target price on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $9.56.

JELD-WEN Stock Performance

Shares of JELD stock opened at $6.15 on Wednesday. The stock has a market cap of $519.99 million, a P/E ratio of -2.76 and a beta of 2.17. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The company has a fifty day moving average price of $8.65 and a two-hundred day moving average price of $11.81. JELD-WEN has a one year low of $5.79 and a one year high of $21.75.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). The firm had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. As a group, equities analysts predict that JELD-WEN will post 0.88 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Turtle Creek Asset Management bought 75,000 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were purchased at an average cost of $8.46 per share, with a total value of $634,500.00. Following the acquisition, the insider now directly owns 12,320,226 shares in the company, valued at $104,229,111.96. This represents a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have acquired 310,000 shares of company stock valued at $2,463,500. 1.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On JELD-WEN

Several hedge funds have recently bought and sold shares of JELD. Performa Ltd US LLC increased its holdings in JELD-WEN by 1,580.0% in the 4th 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. Blue Trust Inc. grew its holdings in shares of JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after purchasing an additional 1,284 shares during the last quarter. Quarry LP bought a new stake in shares of JELD-WEN during the 4th quarter valued at approximately $46,000. US Bancorp DE grew its holdings in shares of JELD-WEN by 257.6% during the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after purchasing an additional 7,025 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in shares of JELD-WEN during the 4th quarter valued at approximately $83,000. 95.04% of the stock is owned by institutional investors.

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.