JELD-WEN (NYSE:JELD) Price Target Cut to $19.00

JELD-WEN (NYSE:JELD) had its price target lowered by analysts at UBS Group from $22.00 to $19.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 37.78% from the company’s previous close.

Other analysts also recently issued research reports about the company. Oppenheimer initiated coverage on JELD-WEN in a research note on Friday, January 19th. They issued a “market perform” rating on the stock. Royal Bank of Canada boosted their target price on JELD-WEN from $15.00 to $16.00 and gave the company an “underperform” rating in a research note on Wednesday, February 21st. Truist Financial raised their price target on shares of JELD-WEN from $15.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, February 21st. Loop Capital assumed coverage on shares of JELD-WEN in a report on Thursday, February 15th. They set a “hold” rating and a $22.00 target price for the company. Finally, B. Riley lifted their price target on shares of JELD-WEN from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, JELD-WEN has an average rating of “Hold” and an average price target of $18.36.

JELD-WEN Trading Down 3.8 %

Shares of NYSE JELD traded down $0.55 during midday trading on Wednesday, reaching $13.79. 291,125 shares of the stock were exchanged, compared to its average volume of 596,900. JELD-WEN has a 12 month low of $11.02 and a 12 month high of $21.75. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.20 and a quick ratio of 1.49. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 19.14 and a beta of 2.32. The business has a 50-day simple moving average of $19.41 and a two-hundred day simple moving average of $17.83.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, February 19th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.12. JELD-WEN had a return on equity of 17.99% and a net margin of 1.40%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the firm earned $0.47 EPS. As a group, equities research analysts expect that JELD-WEN will post 1.6 EPS for the current year.

Insider Buying and Selling

In related news, Director Roderick Wendt sold 10,000 shares of JELD-WEN stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $28.35, for a total transaction of $283,500.00. Following the sale, the director now directly owns 304,558 shares of the company’s stock, valued at approximately $8,634,219.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Turtle Creek Asset Management sold 53,000 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $19.55, for a total value of $1,036,150.00. Following the completion of the sale, the insider now owns 814,463 shares of the company’s stock, valued at $15,922,751.65. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Roderick Wendt sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $28.35, for a total value of $283,500.00. Following the completion of the sale, the director now owns 304,558 shares in the company, valued at $8,634,219.30. The disclosure for this sale can be found here. Insiders sold a total of 127,000 shares of company stock worth $2,698,610 in the last ninety days. 1.03% of the stock is owned by insiders.

Hedge Funds Weigh In On JELD-WEN

Hedge funds have recently bought and sold shares of the company. SummerHaven Investment Management LLC lifted its stake in shares of JELD-WEN by 1.5% in the 4th quarter. SummerHaven Investment Management LLC now owns 40,531 shares of the company’s stock valued at $765,000 after purchasing an additional 591 shares during the period. Diversified Trust Co lifted its position in shares of JELD-WEN by 4.2% during the 1st quarter. Diversified Trust Co now owns 24,301 shares of the company’s stock valued at $516,000 after acquiring an additional 981 shares during the period. Swiss National Bank boosted its position in shares of JELD-WEN by 0.8% during the 3rd quarter. Swiss National Bank now owns 186,800 shares of the company’s stock worth $2,496,000 after purchasing an additional 1,500 shares in the last quarter. Rafferty Asset Management LLC increased its position in JELD-WEN by 9.7% in the 3rd quarter. Rafferty Asset Management LLC now owns 20,491 shares of the company’s stock valued at $274,000 after buying an additional 1,817 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in JELD-WEN by 790.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after acquiring an additional 1,922 shares in the last quarter. 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.