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

Shares of JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) have been given a consensus rating of "Hold" by the ten analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $14.56.

JELD has been the subject of several research analyst reports. Royal Bank of Canada lowered their price objective on shares of JELD-WEN from $13.00 to $9.00 and set an "underperform" rating for the company in a research report on Wednesday, November 6th. The Goldman Sachs Group lowered their price target on JELD-WEN from $17.00 to $10.00 and set a "neutral" rating for the company in a report on Wednesday, November 6th. B. Riley decreased their target price on JELD-WEN from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. UBS Group dropped their target price on shares of JELD-WEN from $19.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Finally, Jefferies Financial Group lifted their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the company a "hold" rating in a report on Wednesday, October 9th.

Insiders Place Their Bets

In related news, major shareholder Turtle Creek Asset Management purchased 450,000 shares of JELD-WEN stock in a transaction on Tuesday, November 5th. The stock was acquired at an average cost of $10.06 per share, for a total transaction 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 $118,224,234.72. This trade represents a 3.98 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JELD. Innealta Capital LLC bought a new stake in JELD-WEN during the second quarter worth $30,000. Blue Trust Inc. increased its position in shares of JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company's stock valued at $46,000 after purchasing an additional 1,284 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of JELD-WEN by 102.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company's stock worth $59,000 after purchasing an additional 2,216 shares during the period. nVerses Capital LLC purchased a new position in shares of JELD-WEN in the 2nd quarter worth about $92,000. Finally, MQS Management LLC bought a new position in JELD-WEN during the third quarter valued at about $160,000. Institutional investors and hedge funds own 95.04% of the company's stock.

JELD-WEN Stock Performance

Shares of JELD-WEN stock traded up $0.08 on Friday, hitting $10.89. The stock had a trading volume of 363,555 shares, compared to its average volume of 695,489. The stock has a market cap of $921.51 million, a price-to-earnings ratio of -5.98 and a beta of 2.25. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. JELD-WEN has a twelve month low of $8.90 and a twelve month high of $21.75. The business's 50 day moving average is $13.46 and its two-hundred day moving average is $14.16.

JELD-WEN (NYSE:JELD - Get Free Report) last released its quarterly 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 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 the consensus estimate of $990.64 million. During the same period in the prior year, the business posted $0.53 earnings per share. JELD-WEN's revenue was down 13.2% compared to the same quarter last year. Analysts forecast that JELD-WEN will post 0.86 EPS for the current year.

JELD-WEN Company Profile

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.