JELD-WEN Holding, Inc. (NYSE:JELD) Receives Average Rating of “Reduce” from Brokerages

JELD-WEN Holding, Inc. (NYSE:JELD) has been given an average rating of “Reduce” by the ten research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $18.30.

Several equities research analysts recently issued reports on JELD shares. Truist Financial increased their price objective on JELD-WEN from $15.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, February 21st. B. Riley upped their price objective on shares of JELD-WEN from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, February 21st. Loop Capital began coverage on shares of JELD-WEN in a research note on Thursday, February 15th. They set a “hold” rating and a $22.00 target price for the company. Royal Bank of Canada upped their price target on shares of JELD-WEN from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 21st. Finally, Oppenheimer started coverage on JELD-WEN in a research note on Friday, January 19th. They set a “market perform” rating for the company.

JELD-WEN Stock Performance

JELD opened at $20.97 on Friday. The business has a 50 day moving average price of $19.21 and a two-hundred day moving average price of $17.32. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.20 and a quick ratio of 1.49. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 28.73 and a beta of 2.35. JELD-WEN has a 1-year low of $11.02 and a 1-year high of $21.67.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, February 19th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.25 by $0.12. JELD-WEN had a net margin of 1.40% and a return on equity of 17.99%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the business earned $0.47 earnings per share. Research analysts predict that JELD-WEN will post 1.6 EPS for the current fiscal year.

Insider Activity at JELD-WEN

In other news, Director Roderick Wendt sold 10,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $30.76, for a total transaction of $307,600.00. Following the transaction, the director now owns 294,558 shares in the company, valued at approximately $9,060,604.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Roderick Wendt sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $30.76, for a total transaction of $307,600.00. Following the sale, the director now directly owns 294,558 shares in the company, valued at $9,060,604.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Turtle Creek Asset Management sold 53,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $19.55, for a total value of $1,036,150.00. Following the completion of the transaction, the insider now directly owns 814,463 shares of the company’s stock, valued at $15,922,751.65. The disclosure for this sale can be found here. Insiders sold a total of 127,000 shares of company stock worth $2,698,610 in the last ninety days. 1.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On JELD-WEN

Several large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in JELD-WEN by 790.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after acquiring an additional 1,922 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in JELD-WEN during the 4th quarter worth about $47,000. Quest Partners LLC acquired a new position in JELD-WEN during the 4th quarter valued at about $103,000. DekaBank Deutsche Girozentrale bought a new position in shares of JELD-WEN in the 4th quarter valued at about $118,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of JELD-WEN during the 4th quarter worth approximately $125,000. 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.