Jeld-Wen Holding Inc (NYSE:JELD) – SunTrust Banks cut their Q4 2018 earnings per share estimates for Jeld-Wen in a research note issued to investors on Monday, October 15th. SunTrust Banks analyst K. Hughes now anticipates that the company will post earnings per share of $0.39 for the quarter, down from their prior forecast of $0.55. SunTrust Banks has a “Hold” rating and a $19.00 price target on the stock. SunTrust Banks also issued estimates for Jeld-Wen’s Q1 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.53 EPS and FY2019 earnings at $2.02 EPS.
JELD has been the subject of several other reports. Zacks Investment Research upgraded shares of Jeld-Wen from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Royal Bank of Canada set a $28.00 target price on shares of Jeld-Wen and gave the company a “buy” rating in a research report on Monday, October 8th. Barclays dropped their target price on shares of Jeld-Wen from $32.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday. Robert W. Baird dropped their target price on shares of Jeld-Wen from $23.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Goldman Sachs Group began coverage on shares of Jeld-Wen in a research report on Tuesday, October 2nd. They set a “buy” rating and a $31.00 target price for the company. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. Jeld-Wen presently has a consensus rating of “Hold” and a consensus price target of $27.27.
Jeld-Wen (NYSE:JELD) last announced its earnings results on Tuesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.11). Jeld-Wen had a net margin of 0.82% and a return on equity of 20.44%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion.
In other Jeld-Wen news, EVP Peter Maxwell sold 4,982 shares of Jeld-Wen stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $26.16, for a total transaction of $130,329.12. Following the transaction, the executive vice president now directly owns 17,136 shares of the company’s stock, valued at $448,277.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.55% of the company’s stock.
Several hedge funds have recently bought and sold shares of the business. Pzena Investment Management LLC increased its stake in shares of Jeld-Wen by 19.6% in the second quarter. Pzena Investment Management LLC now owns 6,792,253 shares of the company’s stock worth $194,191,000 after buying an additional 1,112,746 shares during the period. Handelsbanken Fonder AB increased its stake in shares of Jeld-Wen by 333.3% in the first quarter. Handelsbanken Fonder AB now owns 780,000 shares of the company’s stock worth $23,884,000 after buying an additional 600,000 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of Jeld-Wen in the first quarter worth $15,085,000. IMS Capital Management increased its stake in shares of Jeld-Wen by 33.0% in the second quarter. IMS Capital Management now owns 1,918,801 shares of the company’s stock worth $54,859,000 after buying an additional 475,707 shares during the period. Finally, Davidson Kempner Capital Management LP increased its stake in shares of Jeld-Wen by 146.2% in the second quarter. Davidson Kempner Capital Management LP now owns 800,000 shares of the company’s stock worth $22,872,000 after buying an additional 475,000 shares during the period. 64.43% of the stock is currently owned by hedge funds and other institutional investors.
JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.
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