Jeld-Wen (JELD) PT Set at $44.00 by Barclays
JELD has been the subject of several other research reports. Robert W. Baird reissued an outperform rating and issued a $40.00 price objective (up previously from $38.00) on shares of Jeld-Wen in a research note on Monday, October 2nd. ValuEngine lowered shares of Jeld-Wen from a buy rating to a hold rating in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of Jeld-Wen from a buy rating to a hold rating in a research note on Wednesday, November 8th. B. Riley raised their price objective on shares of Jeld-Wen from $33.00 to $38.00 and gave the company a neutral rating in a research note on Wednesday, November 15th. Finally, SunTrust Banks reissued a hold rating on shares of Jeld-Wen in a research note on Tuesday, September 12th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $38.40.
Shares of Jeld-Wen (NYSE:JELD) traded up $0.66 on Monday, hitting $40.63. 345,000 shares of the company’s stock were exchanged, compared to its average volume of 574,063. Jeld-Wen has a 1-year low of $24.95 and a 1-year high of $42.27. The firm has a market capitalization of $4,280.00 and a PE ratio of -18.38. The company has a current ratio of 1.93, a quick ratio of 1.28 and a debt-to-equity ratio of 1.40.
Jeld-Wen (NYSE:JELD) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. Jeld-Wen had a net margin of 9.12% and a return on equity of 58.83%. The business had revenue of $991.40 million during the quarter, compared to analysts’ expectations of $974.98 million. Jeld-Wen’s quarterly revenue was up 6.3% on a year-over-year basis. equities analysts forecast that Jeld-Wen will post 1.62 earnings per share for the current year.
In related news, Chairman Kirk S. Hachigian sold 156,029 shares of Jeld-Wen stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $32.74, for a total value of $5,108,389.46. Following the completion of the transaction, the chairman now owns 413,930 shares in the company, valued at $13,552,068.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Corp Onex sold 12,465,047 shares of Jeld-Wen stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $32.74, for a total transaction of $408,105,638.78. The disclosure for this sale can be found here. Insiders sold 47,672,683 shares of company stock valued at $1,560,803,641 in the last quarter.
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Jeld-Wen by 69.1% during the second quarter. BlackRock Inc. now owns 2,994,158 shares of the company’s stock worth $97,191,000 after purchasing an additional 1,223,534 shares in the last quarter. FMR LLC raised its holdings in Jeld-Wen by 148.6% during the second quarter. FMR LLC now owns 3,332,306 shares of the company’s stock worth $108,167,000 after purchasing an additional 1,991,945 shares in the last quarter. Systematic Financial Management LP raised its holdings in Jeld-Wen by 2.2% during the second quarter. Systematic Financial Management LP now owns 262,730 shares of the company’s stock worth $8,528,000 after purchasing an additional 5,575 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in Jeld-Wen by 209.0% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 33,995 shares of the company’s stock worth $1,103,000 after purchasing an additional 22,995 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its holdings in Jeld-Wen by 28.1% during the second quarter. Tudor Investment Corp ET AL now owns 21,908 shares of the company’s stock worth $711,000 after purchasing an additional 4,808 shares in the last quarter. Institutional investors own 41.01% of the company’s stock.
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Jeld-Wen Company Profile
JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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