Barclays Has Lowered Expectations for JELD-WEN (NYSE:JELD) Stock Price

JELD-WEN (NYSE:JELD) had its price objective dropped by research analysts at Barclays from $9.00 to $6.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 2.13% from the company’s previous close.

JELD has been the subject of several other reports. Truist Financial lowered their target price on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. UBS Group lowered their price objective on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Loop Capital dropped their target price on JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Royal Bank of Canada reduced their price target on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a report on Wednesday, February 19th. Finally, StockNews.com cut shares of JELD-WEN from a “hold” rating to a “sell” rating in a research note on Wednesday, February 19th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.06.

JELD-WEN Trading Up 1.3 %

NYSE JELD opened at $5.88 on Monday. The firm has a market capitalization of $498.49 million, a PE ratio of -2.63 and a beta of 2.17. The stock’s 50 day moving average is $8.39 and its 200 day moving average is $11.60. JELD-WEN has a twelve month low of $5.62 and a twelve month high of $21.75. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD) last announced its 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 business had revenue of $895.70 million for the quarter, compared to the consensus estimate of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. Research analysts forecast that JELD-WEN will post 0.88 earnings per share for the current fiscal year.

Insider Activity at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management acquired 125,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was purchased at an average cost of $7.90 per share, with a total value of $987,500.00. Following the completion of the acquisition, the insider now directly owns 12,042,190 shares of the company’s stock, valued at approximately $95,133,301. This trade represents a 1.05 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have acquired 310,000 shares of company stock valued at $2,463,500 over the last ninety days. Insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

A number of large investors have recently added to or reduced their stakes in JELD. Blue Trust Inc. boosted its stake in shares of JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after buying an additional 1,284 shares during the last quarter. Diversified Trust Co lifted its holdings in JELD-WEN by 8.8% in the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock valued at $226,000 after acquiring an additional 2,242 shares during the period. MetLife Investment Management LLC boosted its position in JELD-WEN by 6.3% in the fourth quarter. MetLife Investment Management LLC now owns 51,911 shares of the company’s stock worth $425,000 after purchasing an additional 3,066 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of JELD-WEN by 10.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock valued at $573,000 after purchasing an additional 3,383 shares during the period. Finally, Performa Ltd US LLC increased its position in shares of JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after purchasing an additional 3,950 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

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.