JELD-WEN Holding, Inc. (NYSE:JELD) Receives Average Rating of “Reduce” from Analysts

JELD-WEN Holding, Inc. (NYSE:JELD) has been given an average rating of “Reduce” by the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $2.1125.

Several analysts have recently weighed in on JELD shares. Wall Street Zen cut shares of JELD-WEN from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $1.75 price target on shares of JELD-WEN in a research report on Wednesday, May 6th. UBS Group decreased their price objective on JELD-WEN from $3.00 to $1.60 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of JELD-WEN in a report on Friday, May 22nd.

JELD-WEN Stock Down 3.0%

NYSE JELD opened at $1.45 on Friday. JELD-WEN has a 52 week low of $0.93 and a 52 week high of $6.97. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 97.65. The business’s fifty day simple moving average is $1.66 and its 200-day simple moving average is $1.94. The firm has a market cap of $124.49 million, a PE ratio of -0.24 and a beta of 2.10.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data on Monday, May 4th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.20). JELD-WEN had a negative net margin of 16.02% and a negative return on equity of 65.79%. The firm had revenue of $722.12 million during the quarter, compared to analysts’ expectations of $721.62 million.

Insider Activity

In other news, Director Bruce M. Taten sold 19,483 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $1.66, for a total value of $32,341.78. Following the transaction, the director directly owned 88,158 shares in the company, valued at approximately $146,342.28. This represents a 18.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.87% of the company’s stock.

Institutional Trading of JELD-WEN

Several institutional investors have recently added to or reduced their stakes in the stock. Miller Value Partners LLC boosted its holdings in JELD-WEN by 99.8% during the 4th quarter. Miller Value Partners LLC now owns 4,134,210 shares of the company’s stock valued at $10,170,000 after acquiring an additional 2,065,370 shares during the period. One Fin Capital Management LP acquired a new stake in shares of JELD-WEN during the fourth quarter worth about $4,920,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of JELD-WEN in the third quarter valued at approximately $9,730,000. Millennium Management LLC boosted its stake in shares of JELD-WEN by 76.2% in the third quarter. Millennium Management LLC now owns 2,673,994 shares of the company’s stock valued at $13,129,000 after purchasing an additional 1,156,751 shares during the period. Finally, Federated Hermes Inc. grew its holdings in shares of JELD-WEN by 45.6% in the fourth quarter. Federated Hermes Inc. now owns 3,338,835 shares of the company’s stock valued at $8,214,000 after purchasing an additional 1,045,273 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Company Profile

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.