Jefferies Group started coverage on shares of JELD-WEN (NYSE:JELD) in a research note published on Tuesday morning, Marketbeat.com reports. The firm issued a hold rating and a $32.00 target price on the stock.
Several other research firms have also issued reports on JELD. Bank of America reiterated a buy rating and issued a $41.00 target price (down previously from $44.00) on shares of JELD-WEN in a research note on Thursday, February 22nd. Zacks Investment Research lowered shares of JELD-WEN from a strong-buy rating to a hold rating in a research note on Friday, February 23rd. Credit Suisse Group lowered shares of JELD-WEN from an outperform rating to a neutral rating in a research note on Wednesday, February 28th. Royal Bank of Canada set a $39.00 target price on shares of JELD-WEN and gave the stock a buy rating in a research note on Friday, February 23rd. Finally, Barclays set a $44.00 target price on shares of JELD-WEN and gave the stock a buy rating in a research note on Monday, January 8th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $38.64.
JELD opened at $30.36 on Tuesday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.28 and a current ratio of 1.98. JELD-WEN has a 1-year low of $27.61 and a 1-year high of $42.27. The firm has a market cap of $3,273.21, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 1.00 and a beta of 2.35.
JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.15). JELD-WEN had a return on equity of 18.76% and a net margin of 0.29%. The business had revenue of $976.00 million for the quarter, compared to analyst estimates of $1 billion. The business’s revenue for the quarter was up .3% compared to the same quarter last year. equities research analysts anticipate that JELD-WEN will post 2.24 earnings per share for the current year.
In related news, Vice Chairman Roderick Wendt sold 30,000 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $32.17, for a total transaction of $965,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Patrick Wright Tolbert purchased 2,860 shares of JELD-WEN stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average price of $30.88 per share, with a total value of $88,316.80. Following the transaction, the director now owns 4,343 shares of the company’s stock, valued at approximately $134,111.84. The disclosure for this purchase can be found here. 4.55% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the business. Stone Ridge Asset Management LLC bought a new position in JELD-WEN during the fourth quarter worth about $573,000. Victory Capital Management Inc. bought a new position in JELD-WEN during the fourth quarter worth about $4,318,000. Peregrine Capital Management LLC boosted its position in JELD-WEN by 0.6% during the fourth quarter. Peregrine Capital Management LLC now owns 449,804 shares of the company’s stock worth $17,709,000 after purchasing an additional 2,826 shares during the period. Hound Partners LLC bought a new position in JELD-WEN during the fourth quarter worth about $11,285,000. Finally, Segall Bryant & Hamill LLC boosted its position in JELD-WEN by 31.0% during the fourth quarter. Segall Bryant & Hamill LLC now owns 389,880 shares of the company’s stock worth $15,350,000 after purchasing an additional 92,169 shares during the period. Hedge funds and other institutional investors own 59.57% of the company’s stock.
JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.
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