JELD-WEN (NYSE:JELD) Price Target Lowered to $8.00 at Loop Capital

JELD-WEN (NYSE:JELD) had its target price cut by analysts at Loop Capital from $10.00 to $8.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Loop Capital’s target price points to a potential upside of 33.42% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. B. Riley lowered their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Barclays reduced their price target on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada reduced their price target on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research report on Wednesday. UBS Group reduced their price target on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group reduced their price target on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, JELD-WEN currently has a consensus rating of “Hold” and a consensus price target of $9.56.

JELD-WEN Stock Performance

Shares of JELD stock traded down $0.74 during mid-day trading on Wednesday, hitting $6.00. The stock had a trading volume of 2,242,788 shares, compared to its average volume of 842,687. JELD-WEN has a fifty-two week low of $5.79 and a fifty-two week high of $21.75. The firm has a market cap of $507.38 million, a PE ratio of -3.28 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’s 50-day simple moving average is $8.91 and its 200-day simple moving average is $11.95.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.20). JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The company had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. Sell-side analysts anticipate that JELD-WEN will post 0.69 earnings per share for the current year.

Insider Activity at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management acquired 110,000 shares of JELD-WEN stock in a transaction on Friday, January 10th. The stock was bought at an average cost of $7.65 per share, with a total value of $841,500.00. Following the completion of the purchase, the insider now owns 12,259,784 shares of the company’s stock, valued at $93,787,347.60. This represents a 0.91 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders purchased 310,000 shares of company stock worth $2,463,500 in the last 90 days. Corporate insiders own 1.03% of the company’s stock.

Institutional Trading of JELD-WEN

Hedge funds have recently bought and sold shares of the company. Turtle Creek Asset Management Inc. increased its holdings in shares of JELD-WEN by 7.2% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock valued at $121,564,000 after purchasing an additional 1,000,000 shares during the period. Pzena Investment Management LLC increased its holdings in shares of JELD-WEN by 16.5% in the 4th quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock valued at $91,443,000 after purchasing an additional 1,583,238 shares during the period. Vanguard Group Inc. increased its holdings in JELD-WEN by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company’s stock worth $69,984,000 after buying an additional 101,944 shares during the last quarter. American Century Companies Inc. increased its holdings in JELD-WEN by 12.3% in the fourth quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock worth $47,305,000 after buying an additional 634,101 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in JELD-WEN by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,701,950 shares of the company’s stock valued at $30,319,000 after purchasing an additional 146,581 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other 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.