Brokerages Set JELD-WEN Holding, Inc. (NYSE:JELD) Price Target at $17.30

JELD-WEN Holding, Inc. (NYSE:JELD) has earned an average rating of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $14.90.

JELD has been the subject of several research reports. The Goldman Sachs Group dropped their target price on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday. UBS Group cut their target price on shares of JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday. Jefferies Financial Group increased their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada dropped their price target on shares of JELD-WEN from $13.00 to $9.00 and set an “underperform” rating for the company in a research note on Wednesday. Finally, Barclays reduced their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday.

JELD-WEN Stock Performance

NYSE:JELD opened at $10.27 on Tuesday. JELD-WEN has a fifty-two week low of $8.90 and a fifty-two week high of $21.75. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.33 and a current ratio of 2.03. The company has a 50 day moving average price of $14.64 and a 200 day moving average price of $14.99. The stock has a market capitalization of $868.23 million, a P/E ratio of -5.61 and a beta of 2.25.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 11.97% and a negative net margin of 3.98%. The firm had revenue of $934.70 million for the quarter, compared to analysts’ expectations of $990.64 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. The company’s quarterly revenue was down 13.2% on a year-over-year basis. Equities research analysts forecast that JELD-WEN will post 1.29 EPS for the current year.

Insider Transactions at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 450,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were bought at an average cost of $10.06 per share, for a total transaction of $4,527,000.00. Following the completion of the purchase, the insider now owns 11,751,912 shares in the company, valued at $118,224,234.72. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pzena Investment Management LLC boosted its holdings in shares of JELD-WEN by 26.3% in the second quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company’s stock valued at $125,552,000 after acquiring an additional 1,939,052 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in JELD-WEN by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock valued at $43,461,000 after purchasing an additional 191,657 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in JELD-WEN by 1,167.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after purchasing an additional 2,010,275 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in JELD-WEN by 57.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock worth $33,200,000 after purchasing an additional 764,645 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of JELD-WEN by 19.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company’s stock worth $18,400,000 after buying an additional 220,177 shares in the last quarter. 95.04% of the stock is currently 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.