JELD-WEN Holding, Inc. (NYSE:JELD) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have been assigned a consensus rating of “Reduce” from the eight research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $4.1786.

A number of brokerages have weighed in on JELD. Barclays reduced their price target on JELD-WEN from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Wall Street Zen downgraded JELD-WEN from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Jefferies Financial Group reissued a “hold” rating and issued a $2.25 price target on shares of JELD-WEN in a research note on Friday, November 14th. Weiss Ratings restated a “sell (e+)” rating on shares of JELD-WEN in a report on Monday. Finally, UBS Group increased their price objective on shares of JELD-WEN from $5.00 to $5.75 and gave the stock a “neutral” rating in a report on Thursday, August 7th.

JELD-WEN Price Performance

JELD-WEN stock opened at $2.24 on Friday. The stock has a market capitalization of $190.94 million, a P/E ratio of -0.30 and a beta of 1.69. JELD-WEN has a 12-month low of $1.70 and a 12-month high of $11.66. The company has a debt-to-equity ratio of 10.14, a current ratio of 1.76 and a quick ratio of 1.01. The firm’s 50-day moving average is $4.16 and its two-hundred day moving average is $4.50.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data on Monday, November 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.38). JELD-WEN had a negative net margin of 19.28% and a negative return on equity of 13.54%. The firm had revenue of $809.48 million for the quarter, compared to analysts’ expectations of $823.58 million. During the same period in the previous year, the company posted $0.32 EPS. The business’s quarterly revenue was down 13.4% on a year-over-year basis. JELD-WEN has set its FY 2025 guidance at EPS. Equities analysts predict that JELD-WEN will post 0.88 earnings per share for the current year.

Hedge Funds Weigh In On JELD-WEN

A number of large investors have recently bought and sold shares of JELD. Arrowstreet Capital Limited Partnership purchased a new stake in shares of JELD-WEN during the 3rd quarter valued at $9,730,000. Federated Hermes Inc. boosted its holdings in JELD-WEN by 94.2% in the second quarter. Federated Hermes Inc. now owns 2,707,888 shares of the company’s stock valued at $10,615,000 after acquiring an additional 1,313,463 shares during the last quarter. Millennium Management LLC boosted its holdings in JELD-WEN by 76.2% in the third quarter. Millennium Management LLC now owns 2,673,994 shares of the company’s stock valued at $13,129,000 after acquiring an additional 1,156,751 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in JELD-WEN during the second quarter valued at about $4,363,000. Finally, Assenagon Asset Management S.A. acquired a new stake in JELD-WEN during the third quarter worth about $3,406,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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.