JELD-WEN Holding, Inc. (NYSE:JELD – Get Rating) has earned an average rating of "Hold" from the fifteen brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $17.33.
Several equities analysts recently weighed in on JELD shares. The Goldman Sachs Group cut their price objective on JELD-WEN from $21.00 to $16.00 and set a "neutral" rating for the company in a research report on Thursday, June 23rd. Credit Suisse Group cut their price target on JELD-WEN from $24.00 to $20.00 and set an "outperform" rating for the company in a report on Monday, August 15th. Royal Bank of Canada cut their price target on JELD-WEN from $12.00 to $11.00 and set an "underperform" rating for the company in a report on Tuesday, August 2nd. Stifel Nicolaus cut JELD-WEN from a "buy" rating to a "hold" rating and cut their price target for the company from $22.00 to $17.00 in a report on Tuesday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on JELD-WEN in a report on Wednesday, August 17th. They issued a "hold" rating and a $15.00 target price for the company.
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NYSE:JELD opened at $9.28 on Thursday. The firm has a market capitalization of $781.93 million, a price-to-earnings ratio of 6.77 and a beta of 2.30. JELD-WEN has a 1-year low of $9.09 and a 1-year high of $28.30. The company has a current ratio of 2.14, a quick ratio of 1.33 and a debt-to-equity ratio of 2.54. The business's fifty day moving average price is $13.00 and its 200 day moving average price is $16.69.
JELD-WEN (NYSE:JELD – Get Rating) last issued its earnings results on Monday, August 1st. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.12). The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.33 billion. JELD-WEN had a net margin of 2.59% and a return on equity of 19.00%. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 EPS. On average, sell-side analysts forecast that JELD-WEN will post 1.66 earnings per share for the current fiscal year.Insider Buying and Selling
In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 2,200 shares of the company's stock in a transaction that occurred on Thursday, August 18th. The shares were acquired at an average price of $13.33 per share, with a total value of $29,326.00. Following the purchase, the insider now owns 19,600 shares of the company's stock, valued at approximately $261,268. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director David G. Nord acquired 20,000 shares of the firm's stock in a transaction dated Friday, September 9th. The stock was bought at an average price of $11.00 per share, for a total transaction of $220,000.00. Following the acquisition, the director now directly owns 20,000 shares of the company's stock, valued at $220,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Turtle Creek Asset Management acquired 2,200 shares of the firm's stock in a transaction dated Thursday, August 18th. The stock was bought at an average price of $13.33 per share, with a total value of $29,326.00. Following the acquisition, the insider now directly owns 19,600 shares in the company, valued at $261,268. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 110,663 shares of company stock valued at $1,410,544. 1.81% of the stock is owned by company insiders.
Hedge Funds Weigh In On JELD-WEN
Hedge funds and other institutional investors have recently bought and sold shares of the business. Soapstone Management L.P. raised its position in shares of JELD-WEN by 2.4% in the first quarter. Soapstone Management L.P. now owns 750,000 shares of the company's stock valued at $15,210,000 after buying an additional 17,500 shares in the last quarter. Pzena Investment Management LLC increased its holdings in shares of JELD-WEN by 6.8% during the first quarter. Pzena Investment Management LLC now owns 7,900,293 shares of the company's stock worth $160,218,000 after buying an additional 503,453 shares in the last quarter. Versor Investments LP increased its holdings in shares of JELD-WEN by 139.0% during the first quarter. Versor Investments LP now owns 20,162 shares of the company's stock worth $409,000 after buying an additional 11,727 shares in the last quarter. Barclays PLC increased its holdings in shares of JELD-WEN by 48.4% during the fourth quarter. Barclays PLC now owns 178,222 shares of the company's stock worth $4,697,000 after buying an additional 58,106 shares in the last quarter. Finally, GW&K Investment Management LLC increased its holdings in shares of JELD-WEN by 19.9% during the first quarter. GW&K Investment Management LLC now owns 121,927 shares of the company's stock worth $2,473,000 after buying an additional 20,230 shares in the last quarter. Institutional investors own 99.54% of the company's stock.
JELD-WEN Company Profile
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JELD-WEN Holding, Inc designs, 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, aluminum, and wood composite windows.
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