JELD-WEN (NYSE:JELD) Earns “Neutral” Rating from UBS Group

UBS Group restated their neutral rating on shares of JELD-WEN (NYSE:JELD) in a research note published on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has a $9.00 target price on the stock, down from their prior target price of $15.00.

Several other equities analysts have also recently commented on the stock. Jefferies Financial Group lifted their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group dropped their price target on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. B. Riley reduced their price objective on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Royal Bank of Canada lowered their target price on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, December 18th. Finally, Barclays reduced their price target on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.88.

JELD-WEN Trading Down 3.0 %

Shares of JELD-WEN stock opened at $7.72 on Wednesday. The company has a market capitalization of $653.27 million, a P/E ratio of -4.22 and a beta of 2.16. The stock has a fifty day simple moving average of $10.16 and a 200 day simple moving average of $13.11. JELD-WEN has a 12-month low of $7.59 and a 12-month high of $21.75. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The firm had revenue of $934.70 million during the quarter, compared to the consensus estimate of $990.64 million. During the same quarter in the previous year, the company earned $0.53 EPS. The business’s revenue was down 13.2% compared to the same quarter last year. On average, sell-side analysts anticipate that JELD-WEN will post 0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Turtle Creek Asset Management purchased 450,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average cost of $10.06 per share, with a total value of $4,527,000.00. Following the completion of the acquisition, the insider now directly owns 11,751,912 shares of the company’s stock, valued at approximately $118,224,234.72. The trade was a 3.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.03% of the company’s stock.

Institutional Trading of JELD-WEN

A number of institutional investors have recently added to or reduced their stakes in JELD. Victory Capital Management Inc. lifted its position in JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after purchasing an additional 2,010,275 shares during the last quarter. Geode Capital Management LLC grew its position in JELD-WEN by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock worth $30,771,000 after acquiring an additional 9,468 shares in the last quarter. Edgestream Partners L.P. bought a new position in JELD-WEN in the second quarter valued at $817,000. Vaughan Nelson Investment Management L.P. increased its stake in JELD-WEN by 57.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock valued at $33,200,000 after acquiring an additional 764,645 shares during the last quarter. Finally, Engine Capital Management LP raised its holdings in shares of JELD-WEN by 223.6% during the 2nd quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock valued at $15,656,000 after buying an additional 803,095 shares in the last quarter. Hedge funds and other 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.