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

JELD-WEN Holding, Inc. (NYSE:JELD) has received a consensus rating of “Reduce” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $9.06.

A number of equities analysts have recently commented on JELD shares. The Goldman Sachs Group cut their target price on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada cut their target price on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 19th. UBS Group cut their target price on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Truist Financial cut their target price on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. Finally, Loop Capital cut their target price on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th.

Insider Buying and Selling

In related news, major shareholder Turtle Creek Asset Management acquired 110,000 shares of the firm’s 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 acquisition, the insider now directly owns 12,259,784 shares in the company, valued at approximately $93,787,347.60. The trade was a 0.91 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David G. Nord acquired 20,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $5.96 per share, with a total value of $119,200.00. Following the completion of the acquisition, the director now owns 40,000 shares in the company, valued at $238,400. This represents a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 525,137 shares of company stock valued at $3,719,287 in the last quarter. Company insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JELD. Victory Capital Management Inc. grew its holdings in JELD-WEN by 1,167.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after acquiring an additional 2,010,275 shares in the last quarter. MQS Management LLC acquired a new position in JELD-WEN during the 3rd quarter worth $160,000. Empowered Funds LLC grew its holdings in JELD-WEN by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 408,487 shares of the company’s stock worth $6,458,000 after acquiring an additional 20,770 shares in the last quarter. Natixis Advisors LLC grew its holdings in JELD-WEN by 78.1% during the 3rd quarter. Natixis Advisors LLC now owns 411,660 shares of the company’s stock worth $6,508,000 after acquiring an additional 180,511 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of JELD-WEN by 57.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock valued at $33,200,000 after buying an additional 764,645 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

JELD-WEN Stock Up 4.1 %

Shares of JELD opened at $6.17 on Monday. The firm has a market cap of $523.10 million, a PE ratio of -2.76 and a beta of 2.22. The company’s fifty day moving average is $7.96 and its two-hundred day moving average is $11.15. JELD-WEN has a fifty-two week low of $5.44 and a fifty-two week high of $21.75. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). The company had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. Analysts forecast that JELD-WEN will post 0.88 earnings per share for the current year.

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.