Brokerages Set JELD-WEN Holding, Inc. (NYSE:JELD) Price Target at $12.75

JELD-WEN Holding, Inc. (NYSE:JELD) has earned a consensus recommendation of “Reduce” from the eight analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $12.75.

Several research analysts have weighed in on JELD shares. Jefferies Financial Group upped their target price on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. UBS Group reiterated a “neutral” rating and issued a $9.00 target price (down from $15.00) on shares of JELD-WEN in a research note on Wednesday, January 8th. B. Riley cut their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Barclays lowered their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group lowered their target price on JELD-WEN from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th.

Insider Activity at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management purchased 75,000 shares of JELD-WEN stock in a transaction on Monday, January 13th. The shares were purchased at an average cost of $8.46 per share, for a total transaction of $634,500.00. Following the completion of the transaction, the insider now directly owns 12,320,226 shares in the company, valued at approximately $104,229,111.96. This represents a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired a total of 960,000 shares of company stock valued at $9,086,500 over the last quarter. 1.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On JELD-WEN

Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its position in shares of JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after purchasing an additional 2,010,275 shares in the last quarter. Geode Capital Management LLC increased its stake in JELD-WEN by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock valued at $30,771,000 after purchasing an additional 9,468 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of JELD-WEN during the second quarter worth $817,000. Vaughan Nelson Investment Management L.P. increased its position in shares of JELD-WEN by 57.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock worth $33,200,000 after acquiring an additional 764,645 shares in the last quarter. Finally, Engine Capital Management LP increased its position in shares of JELD-WEN by 223.6% during the second quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock worth $15,656,000 after acquiring an additional 803,095 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

JELD-WEN Stock Down 0.8 %

Shares of JELD-WEN stock opened at $9.60 on Friday. The stock has a 50-day moving average price of $9.47 and a 200 day moving average price of $12.74. The company has a market cap of $812.18 million, a P/E ratio of -5.24 and a beta of 2.16. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. JELD-WEN has a 1 year low of $7.43 and a 1 year high of $21.75.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The business had revenue of $934.70 million during the quarter, compared to analysts’ expectations of $990.64 million. During the same period in the prior year, the company posted $0.53 earnings per share. The firm’s revenue was down 13.2% on a year-over-year basis. As a group, analysts expect that JELD-WEN will post 0.73 EPS for the current fiscal year.

JELD-WEN Company Profile

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.