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

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have earned a consensus recommendation of “Reduce” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $12.75.

Several research firms recently weighed in on JELD. Royal Bank of Canada cut their price objective on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Wednesday, December 18th. The Goldman Sachs Group cut their price objective on JELD-WEN from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Barclays cut their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. UBS Group reaffirmed a “neutral” rating and set a $9.00 target price (down from $15.00) on shares of JELD-WEN in a research report on Wednesday, January 8th. Finally, B. Riley lowered their target price on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th.

JELD-WEN Trading Up 1.8 %

NYSE JELD opened at $8.81 on Thursday. 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 has a twelve month low of $7.43 and a twelve month high of $21.75. The company has a market cap of $745.08 million, a price-to-earnings ratio of -4.81 and a beta of 2.17. The business’s fifty day moving average is $8.91 and its 200 day moving average is $11.95.

Insider Transactions at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 110,000 shares of the stock in a transaction dated Friday, January 10th. The stock was purchased at an average cost of $7.65 per share, with a total value of $841,500.00. Following the transaction, the insider now owns 12,259,784 shares in the company, valued at approximately $93,787,347.60. The trade was a 0.91 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders acquired 310,000 shares of company stock valued at $2,463,500. Corporate insiders own 1.03% of the company’s stock.

Institutional Trading of JELD-WEN

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JELD. The Manufacturers Life Insurance Company increased its position in JELD-WEN by 7.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,436 shares of the company’s stock valued at $585,000 after buying an additional 3,066 shares in the last quarter. SG Americas Securities LLC acquired a new position in JELD-WEN during the 3rd quarter valued at about $331,000. Blue Trust Inc. boosted its stake in JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after purchasing an additional 1,284 shares during the last quarter. Victory Capital Management Inc. boosted its stake 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. Finally, MQS Management LLC acquired a new position in JELD-WEN during the 3rd quarter valued at about $160,000. 95.04% of the stock is owned by 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.