JELD-WEN Holding, Inc. (NYSE:JELD) Given Average Rating of “Reduce” by Brokerages

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have been assigned a consensus recommendation of “Reduce” from the eight research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $12.75.

JELD has been the subject of a number of analyst reports. Barclays dropped their price target on 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. UBS Group restated a “neutral” rating and issued a $9.00 target price (down from $15.00) on shares of JELD-WEN in a report on Wednesday, January 8th. B. Riley reduced their price target on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Royal Bank of Canada dropped their price objective on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th.

JELD-WEN Trading Down 1.0 %

Shares of NYSE JELD opened at $8.96 on Thursday. 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 50-day moving average of $9.03 and a 200 day moving average of $12.15. JELD-WEN has a 12-month low of $7.43 and a 12-month high of $21.75.

Insider Buying and Selling at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management bought 125,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was bought at an average cost of $7.90 per share, for a total transaction of $987,500.00. Following the acquisition, the insider now directly owns 12,042,190 shares of the company’s stock, valued at $95,133,301. The trade was a 1.05 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have bought a total of 310,000 shares of company stock valued at $2,463,500 over the last quarter. 1.03% of the stock is owned by company insiders.

Institutional Trading of JELD-WEN

Several hedge funds have recently made changes to their positions in JELD. Performa Ltd US LLC grew its holdings in shares of JELD-WEN by 1,580.0% in the fourth 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 in the last quarter. Blue Trust Inc. boosted its position in JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after buying an additional 1,284 shares during the period. US Bancorp DE grew its stake in shares of JELD-WEN by 257.6% in the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after acquiring an additional 7,025 shares in the last quarter. AXQ Capital LP purchased a new stake in shares of JELD-WEN during the fourth quarter worth $105,000. Finally, Royce & Associates LP acquired a new stake in shares of JELD-WEN in the fourth quarter valued at $118,000. Institutional investors and hedge funds 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.