JELD-WEN (NYSE:JELD) Price Target Lowered to $8.00 at The Goldman Sachs Group

JELD-WEN (NYSE:JELD) had its price objective trimmed by The Goldman Sachs Group from $9.00 to $8.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts have also recently weighed in on JELD. Barclays lowered their price target on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. UBS Group reissued a “neutral” rating and set a $9.00 price target (down previously from $15.00) on shares of JELD-WEN in a research report on Wednesday, January 8th. B. Riley lowered their price target on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, Royal Bank of Canada lowered their price target on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $9.56.

JELD-WEN Price Performance

JELD-WEN stock opened at $5.91 on Wednesday. JELD-WEN has a 52-week low of $5.79 and a 52-week high of $21.75. The firm has a market capitalization of $499.68 million, a price-to-earnings ratio of -3.23 and a beta of 2.17. The company has a fifty day simple moving average of $8.73 and a 200-day simple moving average of $11.85. 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 (NYSE:JELD) last released its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). The business had revenue of $895.70 million for the quarter, compared to analysts’ expectations of $860.82 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. On average, equities analysts anticipate that JELD-WEN will post 0.69 EPS for the current fiscal year.

Insider Buying and Selling at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 75,000 shares of JELD-WEN stock in a transaction dated Monday, January 13th. The shares were acquired at an average price of $8.46 per share, with a total value of $634,500.00. Following the completion of the transaction, the insider now owns 12,320,226 shares of the company’s stock, valued at $104,229,111.96. This trade represents a 0.61 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have purchased 310,000 shares of company stock valued at $2,463,500 over the last 90 days. 1.03% of the stock is owned by insiders.

Institutional Trading of JELD-WEN

Several hedge funds have recently made changes to their positions in JELD. Performa Ltd US LLC lifted its position in shares of JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after purchasing an additional 3,950 shares in the last quarter. Blue Trust Inc. lifted its position in shares of JELD-WEN by 79.8% during the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after purchasing an additional 1,284 shares in the last quarter. Quarry LP acquired a new stake in shares of JELD-WEN during the fourth quarter worth about $46,000. US Bancorp DE lifted its position in shares of JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after purchasing an additional 7,025 shares in the last quarter. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of JELD-WEN during the fourth quarter worth about $83,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

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.