JELD-WEN (NYSE:JELD) Upgraded at Zacks Investment Research


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JELD-WEN (NYSE:JELD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday, Zacks.com reports. The firm presently has a $34.00 price objective on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 16.32% from the stock’s current price.

According to Zacks, “JELD-WEN Holding, Inc. designs, produces and distributes interior and exterior doors, wood, vinyl and aluminum windows and related products for new construction and repair and remodeling of residential homes and non-residential buildings. The company’s brand portfolio includes JELD-WEN (R), Swedoor (R), DANA (R), Corinthian (R), Stegbar (R) and Trend (R). It operates primarily in North America, Europe and Australia. JELD-WEN Holding, Inc. is headquartered in Charlotte, North Carolina. “

A number of other research analysts have also recently commented on the stock. Barclays increased their price target on shares of JELD-WEN from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday. Northcoast Research initiated coverage on shares of JELD-WEN in a report on Tuesday, February 2nd. They issued a “buy” rating and a $33.00 target price on the stock. Wolfe Research initiated coverage on shares of JELD-WEN in a report on Monday, March 22nd. They issued an “outperform” rating and a $33.00 target price on the stock. Finally, B. Riley raised their target price on shares of JELD-WEN from $25.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, February 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $26.08.

Shares of NYSE JELD opened at $29.23 on Wednesday. JELD-WEN has a one year low of $10.85 and a one year high of $31.47. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.93 and a quick ratio of 1.36. The firm’s 50 day simple moving average is $28.91 and its two-hundred day simple moving average is $26.50. The stock has a market capitalization of $2.95 billion, a P/E ratio of 52.20, a PEG ratio of 0.81 and a beta of 2.58.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Friday, April 30th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. JELD-WEN had a net margin of 1.35% and a return on equity of 16.72%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business earned $0.13 earnings per share. The business’s quarterly revenue was up 11.6% on a year-over-year basis. As a group, equities analysts expect that JELD-WEN will post 1.5 earnings per share for the current fiscal year.

In related news, EVP Daniel J. Castillo sold 1,333 shares of JELD-WEN stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $30.23, for a total value of $40,296.59. Following the sale, the executive vice president now owns 160,048 shares in the company, valued at $4,838,251.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.19% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Comerica Bank lifted its position in JELD-WEN by 1.2% during the first quarter. Comerica Bank now owns 44,921 shares of the company’s stock valued at $1,354,000 after buying an additional 545 shares during the period. Victory Capital Management Inc. lifted its position in JELD-WEN by 4.6% during the first quarter. Victory Capital Management Inc. now owns 15,731 shares of the company’s stock valued at $436,000 after buying an additional 686 shares during the period. Zeke Capital Advisors LLC lifted its position in JELD-WEN by 4.3% during the first quarter. Zeke Capital Advisors LLC now owns 18,889 shares of the company’s stock valued at $523,000 after buying an additional 786 shares during the period. Chartwell Investment Partners LLC lifted its position in JELD-WEN by 0.4% during the first quarter. Chartwell Investment Partners LLC now owns 264,449 shares of the company’s stock valued at $7,323,000 after buying an additional 1,181 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in JELD-WEN during the fourth quarter valued at $33,000. 60.86% of the stock is owned by institutional investors and hedge funds.

JELD-WEN Company Profile

JELD-WEN Holding, Inc designs, manufactures, and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, aluminum, and wood composite windows.

See Also: Lock-Up Period Expiration

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