JELD-WEN (NYSE:JELD) Given New $7.50 Price Target at UBS Group

JELD-WEN (NYSE:JELD) had its target price lowered by stock analysts at UBS Group from $9.00 to $7.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 21.60% from the stock’s current price.

Other analysts have also issued reports about the company. The Goldman Sachs Group reduced their price objective on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday. Royal Bank of Canada reduced their price objective on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, December 18th. Barclays dropped their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Finally, B. Riley dropped their target price on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.44.

JELD-WEN Stock Performance

Shares of NYSE JELD opened at $6.17 on Wednesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The stock’s fifty day moving average price is $8.91 and its two-hundred day moving average price is $11.95. JELD-WEN has a one year low of $6.20 and a one year high of $21.75. The firm has a market cap of $521.94 million, a price-to-earnings ratio of -3.38 and a beta of 2.17.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The firm had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. On average, equities analysts forecast that JELD-WEN will post 0.69 EPS for the current year.

Insider Activity at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management bought 110,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were bought at an average price of $7.65 per share, with a total value of $841,500.00. Following the completion of the transaction, the insider now directly owns 12,259,784 shares in the company, valued at approximately $93,787,347.60. This represents a 0.91 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have purchased a total of 310,000 shares of company stock valued at $2,463,500 over the last 90 days. Insiders own 1.03% of the company’s stock.

Institutional Trading of JELD-WEN

Hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. lifted its holdings in 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 acquiring an additional 2,010,275 shares during the period. Geode Capital Management LLC raised its stake in shares of JELD-WEN by 0.5% during the 3rd 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 during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of JELD-WEN by 57.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock valued at $33,200,000 after purchasing an additional 764,645 shares during the period. Natixis Advisors LLC raised its stake in shares of JELD-WEN by 78.1% during the 3rd quarter. Natixis Advisors LLC now owns 411,660 shares of the company’s stock valued at $6,508,000 after purchasing an additional 180,511 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of JELD-WEN during the 3rd quarter valued at $293,000. 95.04% of the stock is currently owned by institutional investors.

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.