JELD-WEN Holding, Inc. (NYSE:JELD) Receives $1.80 Average PT from Brokerages

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have been given a consensus rating of “Reduce” by the six research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $1.80.

Several equities analysts have issued reports on JELD shares. UBS Group decreased their price target on shares of JELD-WEN from $3.00 to $1.60 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. The Goldman Sachs Group cut their price target on shares of JELD-WEN from $1.75 to $1.50 and set a “neutral” rating on the stock in a report on Friday, July 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of JELD-WEN in a research note on Friday, May 22nd. Barclays decreased their price objective on JELD-WEN from $2.50 to $1.50 and set an “equal weight” rating for the company in a report on Tuesday, July 14th. Finally, Wall Street Zen lowered JELD-WEN from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th.

Insider Buying and Selling at JELD-WEN

In other news, Director Bruce M. Taten sold 19,483 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $1.66, for a total value of $32,341.78. Following the completion of the sale, the director owned 88,158 shares of the company’s stock, valued at approximately $146,342.28. This represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.87% of the company’s stock.

Institutional Trading of JELD-WEN

Several institutional investors have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL bought a new position in JELD-WEN during the 3rd quarter worth approximately $2,506,000. Miller Value Partners LLC boosted its stake in shares of JELD-WEN by 99.8% in the 4th quarter. Miller Value Partners LLC now owns 4,134,210 shares of the company’s stock valued at $10,170,000 after purchasing an additional 2,065,370 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of JELD-WEN by 519.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 28,219 shares of the company’s stock valued at $69,000 after purchasing an additional 23,663 shares during the last quarter. Performa Ltd US LLC increased its position in shares of JELD-WEN by 73.8% during the fourth quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock worth $32,000 after buying an additional 5,500 shares during the period. Finally, Wealthfront Advisers LLC acquired a new stake in shares of JELD-WEN during the fourth quarter worth $56,000. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Stock Performance

NYSE:JELD opened at $1.32 on Thursday. The stock has a market cap of $113.55 million, a P/E ratio of -0.22 and a beta of 2.10. The company has a current ratio of 1.68, a quick ratio of 0.93 and a debt-to-equity ratio of 97.65. The stock’s 50-day moving average is $1.54 and its 200-day moving average is $1.76. JELD-WEN has a 1-year low of $0.93 and a 1-year high of $6.97.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, May 4th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.20). JELD-WEN had a negative net margin of 16.02% and a negative return on equity of 65.79%. The firm had revenue of $722.12 million during the quarter, compared to analyst estimates of $721.62 million.

JELD-WEN Company Profile

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.