JELD-WEN Holding, Inc. (NYSE:JELD) Given Average Recommendation of “Reduce” by Brokerages

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have been assigned a consensus recommendation of “Reduce” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $2.1125.

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of JELD-WEN from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $1.75 target price on shares of JELD-WEN in a report on Wednesday, May 6th. UBS Group cut their price target on shares of JELD-WEN from $3.00 to $1.60 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of JELD-WEN in a research report on Friday, May 22nd.

JELD-WEN Stock Performance

Shares of JELD opened at $1.45 on Friday. The stock’s 50-day simple moving average is $1.67 and its 200 day simple moving average is $1.93. The stock has a market capitalization of $124.49 million, a price-to-earnings ratio of -0.24 and a beta of 2.10. The company has a debt-to-equity ratio of 97.65, a quick ratio of 0.93 and a current ratio of 1.68. JELD-WEN has a 52-week low of $0.93 and a 52-week high of $6.97.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, May 4th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.20). The company had revenue of $722.12 million during the quarter, compared to the consensus estimate of $721.62 million. JELD-WEN had a negative return on equity of 65.79% and a negative net margin of 16.02%.

Insider Activity

In related news, Director Bruce M. Taten sold 19,483 shares of JELD-WEN stock in a transaction on Monday, May 11th. The stock was sold at an average price of $1.66, for a total transaction of $32,341.78. Following the completion of the sale, the director owned 88,158 shares of the company’s stock, valued at approximately $146,342.28. This trade represents a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.87% of the company’s stock.

Institutional Trading of JELD-WEN

Institutional investors and hedge funds have recently modified their holdings of the business. Performa Ltd US LLC grew its holdings in shares of JELD-WEN by 73.8% during the fourth quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock worth $32,000 after purchasing an additional 5,500 shares in the last quarter. GAMMA Investing LLC raised its stake in JELD-WEN by 264.0% in the fourth quarter. GAMMA Investing LLC now owns 13,443 shares of the company’s stock valued at $33,000 after purchasing an additional 9,750 shares in the last quarter. State of Wyoming bought a new stake in JELD-WEN during the first quarter valued at approximately $33,000. Parkwoods Wealth Partners LLC bought a new stake in JELD-WEN during the fourth quarter valued at approximately $34,000. Finally, Aaron Wealth Advisors LLC purchased a new position in JELD-WEN in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

About JELD-WEN

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.