JELD-WEN (NYSE:JELD) Price Target Raised to $1.80

JELD-WEN (NYSE:JELD) had its target price lifted by UBS Group from $1.60 to $1.80 in a research note released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen cut JELD-WEN from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th. The Goldman Sachs Group decreased their price target on shares of JELD-WEN from $1.75 to $1.50 and set a “neutral” rating on the stock in a report on Friday, July 10th. Barclays raised their price objective on shares of JELD-WEN from $1.50 to $2.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of JELD-WEN in a report on Friday, May 22nd. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, JELD-WEN presently has an average rating of “Reduce” and a consensus target price of $2.10.

JELD-WEN Stock Up 7.6%

JELD-WEN stock opened at $1.91 on Wednesday. The company has a market capitalization of $165.28 million, a PE ratio of -0.32 and a beta of 2.10. JELD-WEN has a 12-month low of $0.93 and a 12-month high of $6.97. The firm’s fifty day moving average is $1.51 and its 200 day moving average is $1.71. The company has a quick ratio of 0.93, a current ratio of 1.73 and a debt-to-equity ratio of 97.65.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.03. JELD-WEN had a negative net margin of 16.36% and a negative return on equity of 246.42%. The firm had revenue of $817.84 million during the quarter, compared to the consensus estimate of $792.64 million.

Insider Buying and Selling

In related news, Director Bruce M. Taten sold 19,483 shares of JELD-WEN stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $1.66, for a total transaction of $32,341.78. Following the completion of the transaction, the director directly owned 88,158 shares of the company’s stock, valued at $146,342.28. This trade represents a 18.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.87% of the stock is owned by company insiders.

Institutional Trading of JELD-WEN

Large investors have recently made changes to their positions in the stock. Turtle Creek Asset Management Inc. increased its position in shares of JELD-WEN by 2.5% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 16,625,557 shares of the company’s stock valued at $81,631,000 after purchasing an additional 407,947 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of JELD-WEN by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,021,099 shares of the company’s stock worth $24,654,000 after purchasing an additional 145,755 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of JELD-WEN by 23.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,429,498 shares of the company’s stock valued at $10,897,000 after buying an additional 840,034 shares during the last quarter. Miller Value Partners LLC boosted its stake in JELD-WEN by 99.8% in the fourth quarter. Miller Value Partners LLC now owns 4,134,210 shares of the company’s stock valued at $10,170,000 after acquiring an additional 2,065,370 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of JELD-WEN by 45.6% in the 4th quarter. Federated Hermes Inc. now owns 3,338,835 shares of the company’s stock worth $8,214,000 after purchasing an additional 1,045,273 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Company Profile

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.