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

JELD-WEN Holding, Inc. (NYSE:JELD) has been given an average rating of “Reduce” by the six research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $1.80.

Several equities research analysts have recently commented on JELD shares. UBS Group decreased their price target on JELD-WEN from $3.00 to $1.60 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. The Goldman Sachs Group reduced their price objective on JELD-WEN from $1.75 to $1.50 and set a “neutral” rating for the company in a report on Friday, July 10th. Wall Street Zen downgraded JELD-WEN from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of JELD-WEN in a report on Friday, May 22nd. Finally, Barclays dropped their price target on JELD-WEN from $2.50 to $1.50 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th.

JELD-WEN Stock Performance

Shares of JELD opened at $1.18 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 97.65. JELD-WEN has a 52-week low of $0.93 and a 52-week high of $6.97. The company has a 50-day simple moving average of $1.58 and a 200-day simple moving average of $1.80. The company has a market capitalization of $101.23 million, a PE ratio of -0.20 and a beta of 2.10.

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Miller Value Partners LLC grew 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 buying an additional 2,065,370 shares during the last quarter. One Fin Capital Management LP purchased a new stake in shares of JELD-WEN in the fourth quarter valued at $4,920,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of JELD-WEN during the third quarter valued at $9,730,000. Millennium Management LLC raised its stake in JELD-WEN by 76.2% in the 3rd 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 last quarter. Finally, Federated Hermes Inc. raised its stake in JELD-WEN by 45.6% in the 4th 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 during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.