Jeld-Wen (NYSE:JELD) had its target price lowered by B. Riley from $30.00 to $22.00 in a research note issued to investors on Wednesday morning. B. Riley currently has a neutral rating on the stock. B. Riley also issued estimates for Jeld-Wen’s Q4 2018 earnings at $0.34 EPS, FY2018 earnings at $1.50 EPS and FY2019 earnings at $1.80 EPS.
Several other research firms also recently commented on JELD. Zacks Investment Research downgraded Jeld-Wen from a hold rating to a sell rating in a research report on Wednesday, July 11th. Bank of America downgraded Jeld-Wen from a neutral rating to an underperform rating and set a $29.00 price objective for the company. in a research report on Wednesday, August 8th. Barclays lowered their price objective on Jeld-Wen from $37.00 to $35.00 and set an overweight rating for the company in a research report on Wednesday, August 8th. Credit Suisse Group lowered their price objective on Jeld-Wen from $33.00 to $30.00 and set a neutral rating for the company in a research report on Wednesday, August 8th. Finally, Macquarie assumed coverage on Jeld-Wen in a research report on Wednesday, September 26th. They set a buy rating and a $35.00 price objective for the company. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $25.07.
Jeld-Wen stock traded up $0.10 during trading hours on Wednesday, hitting $18.00. The stock had a trading volume of 1,129,351 shares, compared to its average volume of 1,399,264. The company has a current ratio of 2.03, a quick ratio of 1.21 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $1.78 billion, a PE ratio of 12.16, a P/E/G ratio of 0.61 and a beta of 2.70. Jeld-Wen has a one year low of $15.04 and a one year high of $42.27.
Jeld-Wen (NYSE:JELD) last posted its earnings results on Tuesday, November 6th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Jeld-Wen had a net margin of 0.26% and a return on equity of 18.86%. Jeld-Wen’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 earnings per share. As a group, analysts predict that Jeld-Wen will post 1.59 earnings per share for the current fiscal year.
In other news, EVP Peter Maxwell sold 4,982 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $26.16, for a total transaction of $130,329.12. Following the completion of the transaction, the executive vice president now directly owns 17,136 shares in the company, valued at $448,277.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.55% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of JELD. Pzena Investment Management LLC increased its holdings in Jeld-Wen by 19.6% in the second quarter. Pzena Investment Management LLC now owns 6,792,253 shares of the company’s stock worth $194,191,000 after purchasing an additional 1,112,746 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in Jeld-Wen in the first quarter worth approximately $15,085,000. IMS Capital Management increased its holdings in Jeld-Wen by 33.0% in the second quarter. IMS Capital Management now owns 1,918,801 shares of the company’s stock worth $54,859,000 after purchasing an additional 475,707 shares in the last quarter. Davidson Kempner Capital Management LP increased its holdings in Jeld-Wen by 146.2% in the second quarter. Davidson Kempner Capital Management LP now owns 800,000 shares of the company’s stock worth $22,872,000 after purchasing an additional 475,000 shares in the last quarter. Finally, North Fourth Asset Management LP bought a new stake in Jeld-Wen in the second quarter worth approximately $8,405,000. Institutional investors and hedge funds own 63.76% 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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