JELD-WEN Holding, Inc. (NYSE:JELD) Given Average Rating of "Hold" by Analysts

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) has been assigned an average rating of "Hold" from the nine analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $13.63.

Several brokerages have recently weighed in on JELD. UBS Group decreased their target price on JELD-WEN from $19.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Barclays lowered their price objective on shares of JELD-WEN from $13.00 to $10.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 6th. Royal Bank of Canada reduced their target price on shares of JELD-WEN from $9.00 to $8.00 and set an "underperform" rating on the stock in a research report on Wednesday, December 18th. B. Riley lowered their price target on shares of JELD-WEN from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. Finally, Jefferies Financial Group boosted their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th.

Insider Transactions at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 450,000 shares of the company's stock in a transaction on Tuesday, November 5th. The shares were bought at an average cost of $10.06 per share, with a total value of $4,527,000.00. Following the completion of the acquisition, the insider now owns 11,751,912 shares of the company's stock, valued at approximately $118,224,234.72. This trade represents a 3.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.03% of the company's stock.

Institutional Trading of JELD-WEN

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its holdings in shares of JELD-WEN by 19.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company's stock worth $18,400,000 after acquiring an additional 220,177 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of JELD-WEN by 102.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company's stock valued at $59,000 after buying an additional 2,216 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of JELD-WEN by 43.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,734 shares of the company's stock worth $320,000 after buying an additional 7,203 shares during the period. Panagora Asset Management Inc. boosted its position in shares of JELD-WEN by 4.1% during the second quarter. Panagora Asset Management Inc. now owns 376,032 shares of the company's stock worth $5,065,000 after buying an additional 14,841 shares during the period. Finally, Innealta Capital LLC bought a new position in JELD-WEN in the 2nd quarter worth approximately $30,000. Institutional investors own 95.04% of the company's stock.

JELD-WEN Trading Up 1.6 %

JELD stock traded up $0.13 during trading on Wednesday, reaching $8.36. 173,760 shares of the stock traded hands, compared to its average volume of 691,598. The firm has a market capitalization of $707.42 million, a PE ratio of -4.57 and a beta of 2.12. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The business's 50 day moving average price is $11.51 and its 200-day moving average price is $13.51. JELD-WEN has a 52-week low of $8.15 and a 52-week high of $21.75.

JELD-WEN (NYSE:JELD - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The business had revenue of $934.70 million for the quarter, compared to analyst estimates of $990.64 million. During the same period last year, the company posted $0.53 EPS. The firm's revenue for the quarter was down 13.2% compared to the same quarter last year. As a group, sell-side analysts forecast that JELD-WEN will post 0.73 earnings per share for the current year.

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.