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

JELD-WEN Holding, Inc. (NYSE:JELD) has earned an average rating of “Reduce” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and nine have issued a hold rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $18.30.

JELD has been the topic of a number of recent research reports. Oppenheimer began coverage on JELD-WEN in a report on Friday, January 19th. They issued a “market perform” rating on the stock. Loop Capital began coverage on shares of JELD-WEN in a research note on Thursday, February 15th. They issued a “hold” rating and a $22.00 price objective on the stock. Truist Financial raised their target price on shares of JELD-WEN from $15.00 to $19.00 and gave the stock a “hold” rating in a research note 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 stock an “underperform” rating in a research note on Wednesday, February 21st. Finally, B. Riley raised their price objective 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.

JELD-WEN Trading Up 3.5 %

Shares of JELD-WEN stock opened at $18.95 on Friday. The company’s fifty day moving average is $19.22 and its two-hundred day moving average is $17.27. JELD-WEN has a 1 year low of $11.02 and a 1 year high of $21.67. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.49 and a current ratio of 2.20. The company has a market capitalization of $1.63 billion, a P/E ratio of 25.96 and a beta of 2.35.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Monday, February 19th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. JELD-WEN had a return on equity of 17.99% and a net margin of 1.40%. During the same quarter last year, the company posted $0.47 earnings per share. Analysts forecast that JELD-WEN will post 1.6 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Trading of JELD-WEN

Large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted 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 valued at $46,000 after acquiring an additional 1,922 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in JELD-WEN in the 4th quarter valued at about $47,000. Quest Partners LLC acquired a new stake in shares of JELD-WEN during the 4th quarter worth about $103,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of JELD-WEN during the fourth quarter worth about $118,000. Finally, International Assets Investment Management LLC acquired a new position in shares of JELD-WEN in the fourth quarter valued at approximately $125,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.