JELD-WEN Holding, Inc. (NYSE:JELD) Receives $12.75 Average PT from Analysts

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) has been given an average recommendation of "Reduce" by the eight ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $12.75.

JELD has been the subject of several recent research reports. B. Riley reduced their target price 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. Barclays decreased their price objective on JELD-WEN from $13.00 to $10.00 and set an "equal weight" rating for the company in a report on Wednesday, November 6th. The Goldman Sachs Group dropped their target price on JELD-WEN from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. UBS Group reiterated a "neutral" rating and issued a $9.00 target price (down from $15.00) on shares of JELD-WEN in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group increased their price target on JELD-WEN from $15.00 to $17.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th.

JELD-WEN Stock Up 1.4 %

JELD stock traded up $0.14 during midday trading on Friday, reaching $9.49. The stock had a trading volume of 558,680 shares, compared to its average volume of 631,013. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The firm has a fifty day simple moving average of $9.57 and a two-hundred day simple moving average of $12.86. JELD-WEN has a 52-week low of $7.43 and a 52-week high of $21.75.

JELD-WEN (NYSE:JELD - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.08). JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The firm had revenue of $934.70 million during the quarter, compared to analysts' expectations of $990.64 million. During the same quarter in the prior year, the company earned $0.53 EPS. JELD-WEN's quarterly revenue was down 13.2% on a year-over-year basis. On average, research analysts forecast that JELD-WEN will post 0.73 earnings per share for the current year.

Insider Buying and Selling at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management purchased 450,000 shares of JELD-WEN stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of $10.06 per share, for a total transaction of $4,527,000.00. Following the acquisition, the insider now directly owns 11,751,912 shares in the company, valued at approximately $118,224,234.72. The trade was a 3.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders acquired 960,000 shares of company stock worth $9,086,500. Insiders own 1.03% of the company's stock.

Hedge Funds Weigh In On JELD-WEN

Institutional investors have recently bought and sold shares of the company. Pzena Investment Management LLC lifted its stake in shares of JELD-WEN by 2.8% in the 3rd quarter. Pzena Investment Management LLC now owns 9,582,008 shares of the company's stock valued at $151,492,000 after purchasing an additional 261,157 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in JELD-WEN by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company's stock valued at $43,461,000 after buying an additional 191,657 shares during the last quarter. Victory Capital Management Inc. boosted its stake in JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company's stock worth $34,504,000 after buying an additional 2,010,275 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in JELD-WEN by 57.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company's stock valued at $33,200,000 after purchasing an additional 764,645 shares during the last quarter. Finally, State Street Corp grew its stake in shares of JELD-WEN by 1.1% in the third quarter. State Street Corp now owns 1,998,363 shares of the company's stock valued at $31,594,000 after buying an additional 21,264 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other 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.