Analysts Set JELD-WEN Holding, Inc. (NYSE:JELD) PT at $18.30

JELD-WEN Holding, Inc. (NYSE:JELD) has been assigned a consensus rating of “Reduce” from the ten ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $18.30.

A number of analysts recently commented on JELD shares. Oppenheimer initiated coverage on JELD-WEN in a research note on Friday, January 19th. They set a “market perform” rating on the stock. Truist Financial boosted their price objective on shares of JELD-WEN from $15.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, February 21st. Loop Capital started coverage on shares of JELD-WEN in a research note on Thursday, February 15th. They issued a “hold” rating and a $22.00 target price for the company. The Goldman Sachs Group raised their price objective on JELD-WEN from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, December 14th. Finally, Barclays upped their target price on JELD-WEN from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th.

JELD-WEN Price Performance

Shares of NYSE JELD opened at $21.23 on Monday. The company has a current ratio of 2.20, a quick ratio of 1.49 and a debt-to-equity ratio of 1.40. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 0.65 and a beta of 2.33. The company’s 50-day moving average price is $18.90 and its 200 day moving average price is $16.51. JELD-WEN has a 52 week low of $10.96 and a 52 week high of $21.62.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, February 19th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.12. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. JELD-WEN had a return on equity of 17.99% and a net margin of 1.40%. During the same period in the previous year, the firm posted $0.47 EPS. As a group, research analysts forecast that JELD-WEN will post 1.72 earnings per share for the current fiscal year.

Insider Buying and Selling at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management sold 53,000 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $19.55, for a total transaction of $1,036,150.00. Following the transaction, the insider now owns 814,463 shares in the company, valued at $15,922,751.65. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder Turtle Creek Asset Management sold 53,000 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $19.55, for a total value of $1,036,150.00. Following the completion of the transaction, the insider now directly owns 814,463 shares in the company, valued at $15,922,751.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roderick Wendt sold 10,000 shares of JELD-WEN stock in a transaction on Friday, March 1st. The stock was sold at an average price of $30.76, for a total transaction of $307,600.00. Following the sale, the director now directly owns 294,558 shares in the company, valued at approximately $9,060,604.08. The disclosure for this sale can be found here. Insiders have sold a total of 127,000 shares of company stock valued at $2,698,610 over the last ninety days. Corporate insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

Several hedge funds and other institutional investors have recently bought and sold shares of JELD. Norges Bank acquired a new stake in JELD-WEN during the fourth quarter valued at approximately $7,316,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of JELD-WEN in the 4th quarter valued at approximately $5,781,000. BlackRock Inc. raised its position in shares of JELD-WEN by 7.9% during the 2nd quarter. BlackRock Inc. now owns 7,180,977 shares of the company’s stock valued at $125,954,000 after acquiring an additional 526,959 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in JELD-WEN by 25.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,488,037 shares of the company’s stock worth $43,641,000 after purchasing an additional 506,588 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in JELD-WEN by 4.1% in the third quarter. Vanguard Group Inc. now owns 8,790,549 shares of the company’s stock worth $117,442,000 after purchasing an additional 344,435 shares during the period. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

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.