Robert W. Baird Reaffirms Buy Rating for Jeld-Wen (JELD)
A number of other research firms also recently weighed in on JELD. Barclays raised their target price on shares of Jeld-Wen from $37.00 to $39.00 and gave the company an overweight rating in a research report on Wednesday, November 8th. B. Riley raised their target price on shares of Jeld-Wen from $33.00 to $38.00 and gave the company a neutral rating in a research report on Wednesday, November 15th. Zacks Investment Research downgraded shares of Jeld-Wen from a buy rating to a hold rating in a research report on Wednesday, November 8th. SunTrust Banks reaffirmed a hold rating on shares of Jeld-Wen in a research report on Tuesday, September 12th. Finally, ValuEngine downgraded shares of Jeld-Wen from a buy rating to a hold rating in a research report on Monday, October 2nd. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Jeld-Wen presently has an average rating of Buy and a consensus target price of $38.40.
Jeld-Wen (JELD) traded up $0.38 during trading on Tuesday, reaching $41.01. 495,100 shares of the company were exchanged, compared to its average volume of 513,842. The company has a market capitalization of $4,320.00 and a P/E ratio of -18.56. Jeld-Wen has a 1-year low of $24.95 and a 1-year high of $42.27. 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 released its 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. The business had revenue of $991.40 million during the quarter, compared to the consensus estimate of $974.98 million. Jeld-Wen had a net margin of 9.12% and a return on equity of 58.83%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. analysts predict that Jeld-Wen will post 1.62 earnings per share for the current fiscal year.
In other news, major shareholder Corp Onex sold 12,465,047 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $32.74, for a total transaction of $408,105,638.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Kirk S. Hachigian sold 156,029 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $32.74, for a total transaction of $5,108,389.46. Following the sale, the chairman now owns 413,930 shares of the company’s stock, valued at approximately $13,552,068.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,672,683 shares of company stock valued at $1,560,803,641.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pzena Investment Management LLC lifted its stake in shares of Jeld-Wen by 24.1% during the 3rd quarter. Pzena Investment Management LLC now owns 3,926,448 shares of the company’s stock worth $139,467,000 after buying an additional 763,166 shares during the last quarter. FMR LLC lifted its stake in shares of Jeld-Wen by 148.6% during the 2nd quarter. FMR LLC now owns 3,332,306 shares of the company’s stock worth $108,167,000 after buying an additional 1,991,945 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Jeld-Wen by 31.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,148,097 shares of the company’s stock worth $112,009,000 after buying an additional 762,211 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Jeld-Wen by 40.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,126,737 shares of the company’s stock worth $101,493,000 after buying an additional 904,908 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Jeld-Wen by 69.1% during the 2nd quarter. BlackRock Inc. now owns 2,994,158 shares of the company’s stock worth $97,191,000 after buying an additional 1,223,534 shares during the last quarter. Institutional investors own 41.01% of the company’s stock.
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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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