JELD-WEN Holding, Inc. (NYSE:JELD) Receives $18.30 Consensus PT from Analysts

JELD-WEN Holding, Inc. (NYSE:JELD) has earned an average rating of “Reduce” from the ten brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $18.30.

JELD has been the topic of a number of recent research reports. Loop Capital began coverage on shares of JELD-WEN in a report on Thursday, February 15th. They set a “hold” rating and a $22.00 price target on the stock. Truist Financial increased their price target on JELD-WEN from $15.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, February 21st. Royal Bank of Canada lifted their price objective on JELD-WEN from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 21st. B. Riley increased their target price on shares of JELD-WEN from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, February 21st. Finally, Oppenheimer started coverage on shares of JELD-WEN in a report on Friday, January 19th. They set a “market perform” rating for the company.

JELD-WEN Price Performance

Shares of JELD opened at $18.95 on Friday. The business has a 50-day simple moving average of $19.22 and a two-hundred day simple moving average of $17.27. JELD-WEN has a 12-month low of $11.02 and a 12-month high of $21.67. The stock has a market cap of $1.63 billion, a PE ratio of 25.96 and a beta of 2.35. The company has a quick ratio of 1.49, a current ratio of 2.20 and a debt-to-equity ratio of 1.40.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, February 19th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.12. JELD-WEN had a return on equity of 17.99% and a net margin of 1.40%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Analysts anticipate that JELD-WEN will post 1.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other JELD-WEN news, Director Roderick Wendt sold 10,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $30.76, for a total value of $307,600.00. Following the completion of the sale, the director now directly owns 294,558 shares in the company, valued at $9,060,604.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other JELD-WEN news, Director Roderick Wendt sold 10,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $30.76, for a total value of $307,600.00. Following the transaction, the director now owns 294,558 shares in the company, valued at $9,060,604.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Turtle Creek Asset Management sold 54,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $19.84, for a total value of $1,071,360.00. Following the completion of the sale, the insider now directly owns 760,463 shares of the company’s stock, valued at approximately $15,087,585.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,000 shares of company stock worth $2,698,610. 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 bought and sold shares of JELD. Norges Bank acquired a new position in shares of JELD-WEN during the fourth quarter valued at about $9,783,000. Vanguard Group Inc. lifted its position in JELD-WEN by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 8,790,549 shares of the company’s stock valued at $117,442,000 after acquiring an additional 344,435 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in JELD-WEN during the 1st quarter valued at about $6,750,000. Congress Asset Management Co. MA bought a new stake in JELD-WEN during the 1st quarter worth approximately $4,631,000. Finally, Knights of Columbus Asset Advisors LLC raised its stake in shares of JELD-WEN by 146.5% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 302,860 shares of the company’s stock worth $5,718,000 after purchasing an additional 179,998 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

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.