JELD-WEN (NYSE:JELD) Given New $9.00 Price Target at The Goldman Sachs Group

JELD-WEN (NYSE:JELD - Free Report) had its price target lowered by The Goldman Sachs Group from $10.00 to $9.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

JELD has been the subject of a number of other reports. Barclays cut their price target on JELD-WEN from $13.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 6th. B. Riley cut their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. Jefferies Financial Group boosted their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. UBS Group restated a "neutral" rating and set a $9.00 price target (down previously from $15.00) on shares of JELD-WEN in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reduced their price objective on shares of JELD-WEN from $9.00 to $8.00 and set an "underperform" rating for the company in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $12.75.

JELD-WEN Stock Up 4.9 %

NYSE:JELD traded up $0.42 during trading hours on Tuesday, hitting $8.91. 658,069 shares of the company's stock traded hands, compared to its average volume of 866,281. The stock's fifty day moving average price is $9.66 and its two-hundred day moving average price is $12.97. The firm has a market cap of $753.96 million, a P/E ratio of -4.87 and a beta of 2.16. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. JELD-WEN has a twelve month low of $7.43 and a twelve month high of $21.75.

JELD-WEN (NYSE:JELD - Get Free Report) last posted its quarterly 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 company had revenue of $934.70 million during the quarter, compared to analysts' expectations of $990.64 million. During the same period last year, the company earned $0.53 earnings per share. JELD-WEN's revenue for the quarter was down 13.2% compared to the same quarter last year. On average, research analysts expect that JELD-WEN will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 110,000 shares of JELD-WEN stock in a transaction dated Friday, January 10th. The stock was bought at an average cost of $7.65 per share, with a total value of $841,500.00. Following the completion of the transaction, the insider now owns 12,259,784 shares of the company's stock, valued at $93,787,347.60. The trade was a 0.91 % 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. Insiders have bought 885,000 shares of company stock worth $8,452,000 in the last quarter. 1.03% of the stock is currently owned by company insiders.

Institutional Trading of JELD-WEN

A number of hedge funds have recently bought and sold shares of JELD. Blue Trust Inc. increased its position in shares of JELD-WEN by 79.8% during the third 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 period. MQS Management LLC bought a new stake in JELD-WEN in the 3rd quarter valued at $160,000. Xponance Inc. acquired a new position in shares of JELD-WEN in the 2nd quarter valued at $198,000. K2 Principal Fund L.P. bought a new position in shares of JELD-WEN during the 3rd quarter worth about $278,000. Finally, Sei Investments Co. boosted its position in shares of JELD-WEN by 13.2% during the 2nd quarter. Sei Investments Co. now owns 17,999 shares of the company's stock valued at $242,000 after acquiring an additional 2,100 shares in the last quarter. 95.04% of the stock is 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.