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

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. One equities 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 target price among brokerages that have issued ratings on the stock in the last year is $13.63.

A number of equities analysts have weighed in on the company. Barclays decreased their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. The Goldman Sachs Group decreased 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 note on Wednesday, November 6th. B. Riley cut their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group raised their price objective on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, UBS Group cut their target price on JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th.

JELD-WEN Trading Down 2.0 %

NYSE JELD opened at $8.21 on Wednesday. The firm has a market capitalization of $694.73 million, a price-to-earnings ratio of -4.49 and a beta of 2.12. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. JELD-WEN has a one year low of $8.05 and a one year high of $21.75. The company’s 50 day moving average price is $11.06 and its 200 day moving average price is $13.39.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The business had revenue of $934.70 million during the quarter, compared to analysts’ expectations of $990.64 million. During the same period in the prior year, the business posted $0.53 EPS. The business’s revenue was down 13.2% on a year-over-year basis. On average, sell-side analysts predict that JELD-WEN will post 0.73 EPS for the current year.

Insider Activity at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 200,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were purchased at an average price of $10.48 per share, for a total transaction of $2,096,000.00. Following the completion of the purchase, the insider now directly owns 11,941,452 shares in the company, valued at $125,146,416.96. The trade was a 1.70 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

Several institutional investors have recently made changes to their positions in JELD. Innealta Capital LLC acquired a new stake in shares of JELD-WEN in the 2nd quarter worth about $30,000. Blue Trust Inc. grew its holdings in JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after buying an additional 1,284 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in JELD-WEN by 102.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company’s stock valued at $59,000 after acquiring an additional 2,216 shares in the last quarter. nVerses Capital LLC bought a new position in shares of JELD-WEN in the second quarter worth $92,000. Finally, MQS Management LLC bought a new stake in shares of JELD-WEN during the third quarter valued at about $160,000. 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.