JELD-WEN (NYSE:JELD) PT Lowered to $13.00

JELD-WEN (NYSE:JELD) had its price target dropped by investment analysts at Royal Bank of Canada from $16.00 to $13.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “underperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential downside of 6.07% from the company’s previous close.

JELD has been the subject of a number of other reports. B. Riley increased their price objective on shares of JELD-WEN from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 21st. Loop Capital started coverage on JELD-WEN in a report on Thursday, February 15th. They set a “hold” rating and a $22.00 price target on the stock. Truist Financial upped their price objective on JELD-WEN from $15.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, February 21st. Oppenheimer started coverage on JELD-WEN in a report on Friday, January 19th. They issued a “market perform” rating on the stock. Finally, UBS Group reduced their price objective on shares of JELD-WEN from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.09.

JELD-WEN Stock Performance

JELD stock traded down $0.50 on Wednesday, hitting $13.84. The company had a trading volume of 1,665,152 shares, compared to its average volume of 610,328. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 19.01 and a beta of 2.32. 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’s 50-day simple moving average is $19.41 and its 200 day simple moving average is $17.83. JELD-WEN has a 12-month low of $11.02 and a 12-month high of $21.75.

JELD-WEN (NYSE:JELD) last announced its earnings results 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. JELD-WEN had a return on equity of 17.99% and a net margin of 1.40%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm posted $0.47 earnings per share. As a group, equities research analysts expect that JELD-WEN will post 1.6 earnings per share for the current fiscal year.

Insider Activity at JELD-WEN

In other JELD-WEN news, Director Roderick Wendt sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $30.76, for a total value of $307,600.00. Following the completion of the sale, the director now owns 294,558 shares of the company’s stock, valued at $9,060,604.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other JELD-WEN news, major shareholder Turtle Creek Asset Management sold 54,000 shares of JELD-WEN stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $19.84, for a total transaction of $1,071,360.00. Following the completion of the sale, the insider now owns 760,463 shares of the company’s stock, valued at approximately $15,087,585.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Roderick Wendt sold 10,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $30.76, for a total value of $307,600.00. Following the completion of the transaction, the director now directly owns 294,558 shares in the company, valued at $9,060,604.08. The disclosure for this sale can be found here. Insiders sold 127,000 shares of company stock valued at $2,698,610 over the last 90 days. Insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in JELD-WEN by 4.9% during the third quarter. Bank of New York Mellon Corp now owns 474,426 shares of the company’s stock worth $6,338,000 after acquiring an additional 22,210 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in JELD-WEN by 22.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,145 shares of the company’s stock worth $176,000 after buying an additional 2,415 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in JELD-WEN during the third quarter valued at $202,000. Strs Ohio increased its holdings in JELD-WEN by 128.6% in the third quarter. Strs Ohio now owns 53,500 shares of the company’s stock valued at $714,000 after buying an additional 30,100 shares in the last quarter. Finally, Inspire Investing LLC acquired a new position in shares of JELD-WEN in the third quarter worth about $306,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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.