Bank of America lowered shares of JELD-WEN (NYSE:JELD) from a buy rating to a neutral rating in a research report sent to investors on Monday morning, Marketbeat Ratings reports. Bank of America currently has $41.00 price target on the stock.
A number of other research analysts have also recently issued reports on JELD. Barclays set a $37.00 price objective on shares of JELD-WEN and gave the company a buy rating in a research note on Tuesday, May 8th. Zacks Investment Research cut shares of JELD-WEN from a buy rating to a hold rating in a research note on Friday, May 11th. Wells Fargo cut shares of JELD-WEN from an outperform rating to a market perform rating and set a $37.00 price objective on the stock. in a research note on Thursday, February 22nd. Robert W. Baird reissued an outperform rating and issued a $42.00 price objective (down from $46.00) on shares of JELD-WEN in a research note on Thursday, February 22nd. Finally, JPMorgan Chase cut shares of JELD-WEN from an overweight rating to a neutral rating and set a $32.00 price objective on the stock. in a research note on Thursday, February 22nd. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. JELD-WEN currently has an average rating of Hold and a consensus price target of $37.64.
Shares of JELD-WEN opened at $28.20 on Monday, according to Marketbeat Ratings. JELD-WEN has a 12 month low of $27.14 and a 12 month high of $27.73. The company has a market cap of $2.93 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 0.61 and a beta of 2.43. The company has a current ratio of 1.96, a quick ratio of 1.13 and a debt-to-equity ratio of 1.70.
JELD-WEN (NYSE:JELD) last announced its earnings results on Tuesday, May 8th. The company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.06. The company had revenue of $946.20 million for the quarter, compared to analysts’ expectations of $908.71 million. JELD-WEN had a net margin of 1.16% and a return on equity of 21.18%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share. equities analysts predict that JELD-WEN will post 2.12 EPS for the current year.
In other JELD-WEN news, Vice Chairman Roderick Wendt sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $32.17, for a total value of $965,100.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Patrick Wright Tolbert bought 2,860 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was bought at an average price of $30.88 per share, for a total transaction of $88,316.80. Following the transaction, the director now directly owns 4,343 shares of the company’s stock, valued at $134,111.84. The disclosure for this purchase can be found here. Company insiders own 4.55% of the company’s stock.
A number of institutional investors have recently modified their holdings of JELD. California Public Employees Retirement System lifted its holdings in shares of JELD-WEN by 15.8% during the third quarter. California Public Employees Retirement System now owns 11,000 shares of the company’s stock worth $391,000 after purchasing an additional 1,500 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of JELD-WEN by 60.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 315,633 shares of the company’s stock worth $12,427,000 after purchasing an additional 119,272 shares during the period. Strs Ohio acquired a new position in shares of JELD-WEN during the fourth quarter worth $149,000. First Quadrant L P CA acquired a new position in shares of JELD-WEN during the fourth quarter worth $219,000. Finally, Peregrine Capital Management LLC lifted its holdings in shares of JELD-WEN by 0.6% during the fourth quarter. Peregrine Capital Management LLC now owns 449,804 shares of the company’s stock worth $17,709,000 after purchasing an additional 2,826 shares during the period. Hedge funds and other institutional investors own 60.25% of the company’s stock.
JELD-WEN Company Profile
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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