JELD-WEN Holding, Inc. (NYSE:JELD) Receives $7.34 Average Price Target from Analysts

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have earned an average recommendation of “Reduce” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $7.34.

Several research firms have recently commented on JELD. The Goldman Sachs Group lowered their price target on shares of JELD-WEN from $6.00 to $5.25 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Loop Capital lowered their price target on shares of JELD-WEN from $8.00 to $4.00 and set a “hold” rating on the stock in a report on Thursday, May 8th. UBS Group decreased their price objective on shares of JELD-WEN from $7.50 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Royal Bank of Canada decreased their price objective on shares of JELD-WEN from $5.00 to $2.00 and set an “underperform” rating for the company in a report on Wednesday, May 7th. Finally, Barclays decreased their price objective on shares of JELD-WEN from $5.00 to $4.50 and set an “equal weight” rating for the company in a report on Thursday, May 8th.

Insider Buying and Selling at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management purchased 86,801 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $5.62 per share, for a total transaction of $487,821.62. Following the completion of the acquisition, the insider now directly owns 12,389,409 shares of the company’s stock, valued at approximately $69,628,478.58. The trade was a 0.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought 762,404 shares of company stock worth $4,045,332 over the last ninety days. Company insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

A number of hedge funds have recently bought and sold shares of the company. Leavell Investment Management Inc. boosted its holdings in JELD-WEN by 14.0% during the first quarter. Leavell Investment Management Inc. now owns 17,107 shares of the company’s stock valued at $102,000 after acquiring an additional 2,107 shares during the period. MetLife Investment Management LLC boosted its holdings in JELD-WEN by 6.3% during the fourth quarter. MetLife Investment Management LLC now owns 51,911 shares of the company’s stock valued at $425,000 after acquiring an additional 3,066 shares during the period. Performa Ltd US LLC boosted its holdings in JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after acquiring an additional 3,950 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of JELD-WEN by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 50,261 shares of the company’s stock valued at $412,000 after buying an additional 4,944 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of JELD-WEN by 3.5% in the fourth quarter. Rhumbline Advisers now owns 148,461 shares of the company’s stock valued at $1,216,000 after buying an additional 4,962 shares during the period. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Trading Down 4.6%

JELD-WEN stock opened at $3.50 on Friday. The company’s fifty day simple moving average is $4.97 and its 200-day simple moving average is $7.31. 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 has a 12 month low of $3.27 and a 12 month high of $17.70. The stock has a market cap of $298.78 million, a P/E ratio of -1.57 and a beta of 1.86.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.02. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The business had revenue of $776.00 million for the quarter, compared to analysts’ expectations of $769.25 million. During the same period in the previous year, the company posted $0.21 EPS. JELD-WEN’s revenue was down 19.1% on a year-over-year basis. As a group, sell-side analysts forecast that JELD-WEN will post 0.88 EPS for the current fiscal year.

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.