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

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 stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $1.80.

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of JELD-WEN in a research report on Friday, May 22nd. The Goldman Sachs Group lowered their price target on JELD-WEN from $1.75 to $1.50 and set a “neutral” rating for the company in a research report on Friday, July 10th. Barclays dropped their price target on JELD-WEN from $2.50 to $1.50 and set an “equal weight” rating for the company in a research note on Tuesday, July 14th. UBS Group cut their price objective on JELD-WEN from $3.00 to $1.60 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Finally, Wall Street Zen lowered JELD-WEN from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th.

Insider Transactions at JELD-WEN

In other news, Director Bruce M. Taten sold 19,483 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $1.66, for a total value of $32,341.78. Following the completion of the sale, the director owned 88,158 shares of the company’s stock, valued at $146,342.28. This represents a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.87% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JELD. Performa Ltd US LLC boosted its position in shares of JELD-WEN by 73.8% in the fourth quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock worth $32,000 after buying an additional 5,500 shares during the period. GAMMA Investing LLC raised its holdings in shares of JELD-WEN by 264.0% during the 4th quarter. GAMMA Investing LLC now owns 13,443 shares of the company’s stock valued at $33,000 after buying an additional 9,750 shares during the period. State of Wyoming acquired a new position in JELD-WEN during the 1st quarter worth approximately $33,000. Parkwoods Wealth Partners LLC acquired a new position in JELD-WEN during the 4th quarter worth approximately $34,000. Finally, Aaron Wealth Advisors LLC purchased a new position in JELD-WEN in the 4th quarter worth approximately $36,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

JELD-WEN Price Performance

JELD stock opened at $1.18 on Thursday. The stock has a market capitalization of $101.23 million, a price-to-earnings ratio of -0.20 and a beta of 2.10. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 97.65. JELD-WEN has a 52-week low of $0.93 and a 52-week high of $6.97. The stock’s fifty day simple moving average is $1.58 and its 200-day simple moving average is $1.80.

JELD-WEN (NYSE:JELD) last released its earnings results 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 $722.12 million for the quarter, compared to analysts’ expectations of $721.62 million.

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.