Barclays Has Lowered Expectations for JELD-WEN (NYSE:JELD) Stock Price

JELD-WEN (NYSE:JELD) had its price objective cut by stock analysts at Barclays from $9.00 to $6.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 2.13% from the stock’s previous close.

Several other brokerages also recently commented on JELD. Royal Bank of Canada lowered their price objective on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 19th. StockNews.com cut JELD-WEN from a “hold” rating to a “sell” rating in a report on Wednesday, February 19th. The Goldman Sachs Group cut their price objective on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Truist Financial lowered their target price on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a report 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 for the company in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, JELD-WEN has a consensus rating of “Hold” and an average price target of $9.06.

JELD-WEN Price Performance

NYSE JELD opened at $5.88 on Monday. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. JELD-WEN has a 12 month low of $5.62 and a 12 month high of $21.75. The stock has a market cap of $498.49 million, a price-to-earnings ratio of -2.63 and a beta of 2.17. The company’s 50 day moving average is $8.39 and its two-hundred day moving average is $11.60.

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

Insider Activity at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 75,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was purchased at an average price of $8.46 per share, with a total value of $634,500.00. Following the acquisition, the insider now owns 12,320,226 shares in the company, valued at approximately $104,229,111.96. The trade was a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders acquired 310,000 shares of company stock valued at $2,463,500. 1.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On JELD-WEN

Several large investors have recently added to or reduced their stakes in JELD. Turtle Creek Asset Management Inc. boosted its holdings in shares of JELD-WEN by 7.2% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock worth $121,564,000 after purchasing an additional 1,000,000 shares during the period. Pzena Investment Management LLC boosted its stake in JELD-WEN by 16.5% during the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock worth $91,443,000 after buying an additional 1,583,238 shares during the period. Vanguard Group Inc. boosted its stake in JELD-WEN by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company’s stock worth $69,984,000 after buying an additional 101,944 shares during the period. American Century Companies Inc. boosted its stake in JELD-WEN by 12.3% during the fourth quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock worth $47,305,000 after buying an additional 634,101 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in JELD-WEN by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,701,950 shares of the company’s stock valued at $30,319,000 after acquiring an additional 146,581 shares during the last quarter. 95.04% of the stock is owned by institutional investors.

JELD-WEN Company Profile

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.