Zacks Investment Research Lowers JELD-WEN Holding, Inc. (JELD) to Hold
Zacks Investment Research downgraded shares of JELD-WEN Holding, Inc. (NYSE:JELD) from a buy rating to a hold rating in a research note issued to investors on Wednesday.
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. “
Several other equities research analysts have also issued reports on JELD. ValuEngine lowered shares of JELD-WEN Holding from a buy rating to a hold rating in a report on Monday, October 2nd. Robert W. Baird reissued an outperform rating and issued a $40.00 price target (up previously from $38.00) on shares of JELD-WEN Holding in a report on Monday, October 2nd. SunTrust Banks, Inc. reissued a hold rating on shares of JELD-WEN Holding in a report on Tuesday, September 12th. Bank of America Corporation raised shares of JELD-WEN Holding from a neutral rating to a buy rating and boosted their price target for the company from $36.00 to $40.00 in a report on Thursday, September 7th. Finally, Goldman Sachs Group, Inc. (The) raised shares of JELD-WEN Holding from a neutral rating to a buy rating and boosted their price target for the company from $35.00 to $37.00 in a report on Wednesday, September 6th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $37.21.
JELD-WEN Holding (JELD) opened at $35.89 on Wednesday. JELD-WEN Holding has a 52-week low of $24.95 and a 52-week high of $37.32. The company has a quick ratio of 1.33, a current ratio of 1.93 and a debt-to-equity ratio of 1.40.
JELD-WEN Holding (NYSE:JELD) last announced its earnings results on Tuesday, November 7th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. JELD-WEN Holding had a net margin of 9.12% and a return on equity of 58.83%. The business had revenue of $991.40 million for the quarter, compared to analyst estimates of $974.98 million. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. research analysts forecast that JELD-WEN Holding will post 1.57 earnings per share for the current year.
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Large investors have recently modified their holdings of the company. Morgan Stanley acquired a new stake in shares of JELD-WEN Holding in the 1st quarter valued at $1,474,000. BlackRock Inc. boosted its stake in shares of JELD-WEN Holding by 69.1% in the 2nd quarter. BlackRock Inc. now owns 2,994,158 shares of the company’s stock valued at $97,191,000 after purchasing an additional 1,223,534 shares in the last quarter. FMR LLC boosted its stake in shares of JELD-WEN Holding by 148.6% in the 2nd quarter. FMR LLC now owns 3,332,306 shares of the company’s stock valued at $108,167,000 after purchasing an additional 1,991,945 shares in the last quarter. Systematic Financial Management LP boosted its stake in shares of JELD-WEN Holding by 2.2% in the 2nd quarter. Systematic Financial Management LP now owns 262,730 shares of the company’s stock valued at $8,528,000 after purchasing an additional 5,575 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of JELD-WEN Holding in the 1st quarter valued at $986,000. Institutional investors own 42.16% of the company’s stock.
About JELD-WEN Holding
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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