Analysts Set JELD-WEN Holding, Inc. (NYSE:JELD) Price Target at $13.63

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have been given a consensus rating of “Hold” by the nine research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $13.63.

JELD has been the subject of several research reports. The Goldman Sachs Group cut their target price on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Barclays dropped their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Royal Bank of Canada reduced their target price on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Wednesday, December 18th. B. Riley reduced their price objective on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Finally, Jefferies Financial Group increased their target price on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, October 9th.

Insider Activity at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management acquired 200,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was acquired at an average price of $10.48 per share, for a total transaction of $2,096,000.00. Following the completion of the acquisition, the insider now owns 11,941,452 shares in the company, valued at $125,146,416.96. This trade represents a 1.70 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On JELD-WEN

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. grew its position 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 valued at $34,504,000 after purchasing an additional 2,010,275 shares during the last quarter. Pzena Investment Management LLC boosted its stake in JELD-WEN by 26.3% during the 2nd quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company’s stock valued at $125,552,000 after purchasing an additional 1,939,052 shares during the last quarter. Engine Capital Management LP raised its stake in shares of JELD-WEN by 223.6% in the second quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock worth $15,656,000 after purchasing an additional 803,095 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of JELD-WEN by 57.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock valued at $33,200,000 after purchasing an additional 764,645 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of JELD-WEN by 19.2% during the second quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company’s stock valued at $18,400,000 after buying an additional 220,177 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

JELD-WEN Trading Down 2.0 %

JELD-WEN stock opened at $8.21 on Wednesday. JELD-WEN has a fifty-two week low of $8.05 and a fifty-two week high of $21.75. The firm’s fifty day moving average price is $11.22 and its 200-day moving average price is $13.44. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The stock has a market cap of $694.73 million, a P/E ratio of -4.49 and a beta of 2.12.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data 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 12.32% and a negative net margin of 3.98%. The business had revenue of $934.70 million for the quarter, compared to analysts’ expectations of $990.64 million. During the same period in the previous year, the firm posted $0.53 EPS. The firm’s revenue for the quarter was down 13.2% compared to the same quarter last year. Equities research analysts forecast that JELD-WEN will post 0.73 earnings per share for the current fiscal 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.