JELD-WEN (NYSE:JELD) Given New $5.00 Price Target at Barclays

JELD-WEN (NYSE:JELD - Get Free Report) had its price objective reduced by equities researchers at Barclays from $6.00 to $5.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price target would suggest a potential downside of 4.29% from the stock's current price.

A number of other equities research analysts also recently issued reports on JELD. The Goldman Sachs Group decreased their price objective on JELD-WEN from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Royal Bank of Canada decreased their price target on JELD-WEN from $7.00 to $5.00 and set an "underperform" rating on the stock in a report on Wednesday, February 19th. StockNews.com lowered shares of JELD-WEN from a "hold" rating to a "sell" rating in a research note on Friday, March 7th. Truist Financial reduced their target price on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" rating on the stock in a research note on Wednesday, February 19th. Finally, UBS Group dropped their price target on shares of JELD-WEN from $9.00 to $7.50 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $8.94.

JELD-WEN Price Performance

JELD traded up $0.02 during trading hours on Tuesday, hitting $5.22. The company's stock had a trading volume of 1,251,291 shares, compared to its average volume of 880,300. The stock has a market cap of $445.95 million, a price-to-earnings ratio of -2.34 and a beta of 1.93. The business's 50-day moving average price is $6.38 and its 200-day moving average price is $9.56. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. JELD-WEN has a 12 month low of $4.91 and a 12 month high of $21.75.

JELD-WEN (NYSE:JELD - Get Free Report) last posted its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.20). The business had revenue of $895.70 million during the quarter, compared to the consensus estimate of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. Sell-side analysts expect that JELD-WEN will post 0.88 earnings per share for the current fiscal year.

Insider Transactions at JELD-WEN

In other news, Director Steven E. Wynne bought 10,000 shares of the stock in a transaction on Thursday, February 27th. The stock was acquired at an average cost of $6.01 per share, for a total transaction of $60,100.00. Following the acquisition, the director now owns 28,000 shares of the company's stock, valued at $168,280. This represents a 55.56 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Turtle Creek Asset Management purchased 50,000 shares of the business's stock in a transaction dated Thursday, April 10th. The shares were purchased at an average price of $5.16 per share, for a total transaction of $258,000.00. Following the purchase, the insider now owns 12,828,937 shares of the company's stock, valued at approximately $66,197,314.92. This trade represents a 0.39 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 660,137 shares of company stock worth $3,996,687. Insiders own 1.24% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Performa Ltd US LLC boosted its stake in shares of JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company's stock valued at $34,000 after purchasing an additional 3,950 shares in the last quarter. Quarry LP bought a new stake in JELD-WEN during the 4th quarter valued at $46,000. US Bancorp DE boosted its position in JELD-WEN by 257.6% during the 4th quarter. US Bancorp DE now owns 9,752 shares of the company's stock valued at $80,000 after acquiring an additional 7,025 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in shares of JELD-WEN in the 4th quarter valued at $83,000. Finally, GAMMA Investing LLC raised its position in shares of JELD-WEN by 1,054.6% in the 1st quarter. GAMMA Investing LLC now owns 14,710 shares of the company's stock worth $88,000 after acquiring an additional 13,436 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

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.