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

JELD-WEN Holding, Inc. (NYSE:JELD) has earned an average rating of “Reduce” from the ten research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $18.30.

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

JELD-WEN Trading Up 1.6 %

Shares of JELD opened at $18.32 on Friday. JELD-WEN has a 52-week low of $11.02 and a 52-week high of $21.67. The company has a quick ratio of 1.49, a current ratio of 2.20 and a debt-to-equity ratio of 1.40. The firm’s fifty day moving average is $19.28 and its two-hundred day moving average is $17.14. The stock has a market cap of $1.57 billion, a PE ratio of 25.10 and a beta of 2.35.

JELD-WEN (NYSE:JELD) last announced its earnings results on Monday, February 19th. The company reported $0.37 earnings per share (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 company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the company posted $0.47 EPS. Research analysts forecast that JELD-WEN will post 1.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other JELD-WEN news, Director Roderick Wendt sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $28.35, for a total transaction of $283,500.00. Following the sale, the director now directly owns 304,558 shares in the company, valued at $8,634,219.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other JELD-WEN news, Director Roderick Wendt sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $28.35, for a total transaction of $283,500.00. Following the sale, the director now directly owns 304,558 shares in the company, valued at $8,634,219.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Turtle Creek Asset Management sold 54,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $19.84, for a total transaction of $1,071,360.00. Following the sale, the insider now owns 760,463 shares in the company, valued at $15,087,585.92. The disclosure for this sale can be found here. Insiders have sold 127,000 shares of company stock worth $2,698,610 over the last three months. Company insiders own 1.03% of the company’s stock.

Institutional Trading of JELD-WEN

A number of large investors have recently made changes to their positions in JELD. Nomura Asset Management Co. Ltd. increased its stake in shares of JELD-WEN by 100.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the company’s stock worth $28,000 after buying an additional 1,100 shares during the period. Ensign Peak Advisors Inc purchased a new stake in shares of JELD-WEN during the third quarter worth approximately $29,000. Allspring Global Investments Holdings LLC increased its stake in shares of JELD-WEN by 790.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after buying an additional 1,922 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in shares of JELD-WEN during the fourth quarter worth approximately $47,000. Finally, Quantbot Technologies LP increased its stake in shares of JELD-WEN by 182.7% during the first quarter. Quantbot Technologies LP now owns 2,951 shares of the company’s stock worth $59,000 after buying an additional 1,907 shares during the period. 95.04% of the stock is currently owned by hedge funds and other 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.