Barclays Has Lowered Expectations for JELD-WEN (NYSE:JELD) Stock Price

JELD-WEN (NYSE:JELD) had its price target reduced by equities researchers at Barclays from $6.00 to $5.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential downside of 3.75% from the company’s current price.

A number of other brokerages have also issued reports on JELD. StockNews.com lowered shares of JELD-WEN from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. Truist Financial lowered their target price on JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. The Goldman Sachs Group lowered their price target on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Loop Capital dropped their price objective on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. Finally, UBS Group cut their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $8.94.

JELD-WEN Stock Performance

JELD-WEN stock traded down $0.31 during midday trading on Tuesday, reaching $5.20. 951,485 shares of the company’s stock were exchanged, compared to its average volume of 868,218. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. JELD-WEN has a 52 week low of $5.17 and a 52 week high of $21.75. The stock’s 50-day simple moving average is $6.83 and its 200 day simple moving average is $9.92. The firm has a market cap of $443.48 million, a price-to-earnings ratio of -2.33 and a beta of 1.93.

JELD-WEN (NYSE:JELD) last announced its earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.20). The company had revenue of $895.70 million for the quarter, compared to the consensus estimate of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. On average, analysts expect that JELD-WEN will post 0.88 earnings per share for the current fiscal year.

Insider Activity at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 75,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were purchased at an average cost of $8.46 per share, with a total value of $634,500.00. Following the completion of the purchase, the insider now owns 12,320,226 shares of the company’s stock, valued at approximately $104,229,111.96. This represents a 0.61 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven E. Wynne acquired 10,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of $6.01 per share, with a total value of $60,100.00. Following the completion of the acquisition, the director now directly owns 28,000 shares in the company, valued at approximately $168,280. This represents a 55.56 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 720,137 shares of company stock worth $4,580,187 in the last quarter. Company insiders own 1.24% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in JELD-WEN by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock worth $30,771,000 after buying an additional 9,468 shares during the last quarter. State Street Corp lifted its holdings in shares of JELD-WEN by 1.1% in the third quarter. State Street Corp now owns 1,998,363 shares of the company’s stock worth $31,594,000 after buying an additional 21,264 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in JELD-WEN by 11.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,225,439 shares of the company’s stock worth $18,226,000 after purchasing an additional 220,815 shares in the last quarter. Hennessy Advisors Inc. boosted its stake in JELD-WEN by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 477,200 shares of the company’s stock valued at $3,908,000 after buying an additional 30,400 shares during the period. Finally, US Bancorp DE boosted its position in shares of JELD-WEN by 257.6% during the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after acquiring an additional 7,025 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

About JELD-WEN

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.