Brokerages Set JELD-WEN Holding, Inc. (NYSE:JELD) Target Price at $2.11

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have been assigned a consensus rating of “Reduce” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $2.1125.

A number of analysts have weighed in on the company. UBS Group lowered their target price on JELD-WEN from $3.00 to $1.60 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Wall Street Zen lowered JELD-WEN from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. Weiss Ratings restated a “sell (e+)” rating on shares of JELD-WEN in a report on Friday, May 22nd. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $1.75 target price on shares of JELD-WEN in a report on Wednesday, May 6th.

JELD-WEN Stock Up 0.3%

NYSE:JELD opened at $1.87 on Wednesday. JELD-WEN has a 1-year low of $0.93 and a 1-year high of $6.97. The company has a 50-day moving average of $1.48 and a 200 day moving average of $2.05. The firm has a market cap of $160.67 million, a PE ratio of -0.32 and a beta of 2.05. The company has a debt-to-equity ratio of 97.65, a current ratio of 1.68 and a quick ratio of 0.93.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, May 4th. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.20). JELD-WEN had a negative return on equity of 65.79% and a negative net margin of 16.02%.The business had revenue of $722.13 million during the quarter, compared to analysts’ expectations of $721.62 million.

Insider Activity at JELD-WEN

In other JELD-WEN news, Director Bruce M. Taten sold 19,483 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $1.66, for a total transaction of $32,341.78. Following the completion of the sale, the director directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.87% of the company’s stock.

Institutional Trading of JELD-WEN

Hedge funds have recently modified their holdings of the company. Turtle Creek Asset Management Inc. lifted its holdings in shares of JELD-WEN by 2.5% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 16,625,557 shares of the company’s stock valued at $81,631,000 after purchasing an additional 407,947 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of JELD-WEN by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,021,099 shares of the company’s stock valued at $24,654,000 after purchasing an additional 145,755 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of JELD-WEN by 23.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,429,498 shares of the company’s stock valued at $10,897,000 after purchasing an additional 840,034 shares during the last quarter. Miller Value Partners LLC raised its position 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. Finally, Federated Hermes Inc. grew its holdings in shares of JELD-WEN by 45.6% during the fourth quarter. Federated Hermes Inc. now owns 3,338,835 shares of the company’s stock valued at $8,214,000 after buying an additional 1,045,273 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

About JELD-WEN

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.