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

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have received a consensus rating of “Reduce” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $2.1125.

JELD has been the subject of several research analyst reports. The Goldman Sachs Group reissued a “neutral” rating and set a $1.75 price objective on shares of JELD-WEN in a research report on Wednesday, May 6th. UBS Group cut their price objective on JELD-WEN from $3.00 to $1.60 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Finally, Wall Street Zen cut JELD-WEN from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th.

JELD-WEN Stock Performance

JELD opened at $1.48 on Friday. The company has a market cap of $127.07 million, a PE ratio of -0.25 and a beta of 1.88. The stock has a 50-day moving average of $1.36 and a 200-day moving average of $2.20. JELD-WEN has a 52-week low of $0.93 and a 52-week high of $6.98. 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 (NYSE:JELD) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.20). JELD-WEN had a negative return on equity of 65.79% and a negative net margin of 16.02%.The business had revenue of $722.13 million for the quarter, compared to analyst estimates of $721.62 million.

Insider Buying and Selling at JELD-WEN

In related news, Director Bruce M. Taten sold 19,483 shares of the business’s stock in a transaction dated 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 transaction, the director owned 88,158 shares of the company’s stock, valued at approximately $146,342.28. The trade was a 18.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.87% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

Several large investors have recently added to or reduced their stakes in the company. Turtle Creek Asset Management Inc. raised its holdings in JELD-WEN by 2.5% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 16,625,557 shares of the company’s stock valued at $81,631,000 after acquiring an additional 407,947 shares in the last quarter. Vanguard Group Inc. raised its holdings in JELD-WEN by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 5,021,099 shares of the company’s stock valued at $24,654,000 after acquiring an additional 145,755 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in JELD-WEN by 23.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,429,498 shares of the company’s stock valued at $10,897,000 after acquiring an additional 840,034 shares in the last quarter. Miller Value Partners LLC raised its holdings in JELD-WEN by 99.8% in the 4th quarter. Miller Value Partners LLC now owns 4,134,210 shares of the company’s stock valued at $10,170,000 after acquiring an additional 2,065,370 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in JELD-WEN by 45.6% in the 4th quarter. Federated Hermes Inc. now owns 3,338,835 shares of the company’s stock valued at $8,214,000 after acquiring an additional 1,045,273 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Company Profile

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.