JELD-WEN (NYSE:JELD) Price Target Cut to $14.00 by Analysts at B. Riley

JELD-WEN (NYSE:JELD) had its price objective decreased by B. Riley from $17.00 to $14.00 in a research note published on Thursday morning,Benzinga reports. B. Riley currently has a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Loop Capital cut their price target on JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, July 19th. Royal Bank of Canada reduced their target price on shares of JELD-WEN from $13.00 to $9.00 and set an “underperform” rating for the company in a research note on Wednesday. The Goldman Sachs Group dropped their price target on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday. Jefferies Financial Group upped their price target on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, UBS Group cut their price objective on JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, JELD-WEN currently has an average rating of “Hold” and an average target price of $14.90.

JELD-WEN Price Performance

Shares of JELD-WEN stock traded up $0.68 during trading on Thursday, hitting $10.96. The stock had a trading volume of 1,865,669 shares, compared to its average volume of 680,734. The business has a fifty day moving average of $14.64 and a two-hundred day moving average of $14.99. JELD-WEN has a fifty-two week low of $8.90 and a fifty-two week high of $21.75. The firm has a market cap of $926.56 million, a P/E ratio of -6.07 and a beta of 2.25. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). The company had revenue of $934.70 million during the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 11.97%. JELD-WEN’s quarterly revenue was down 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. On average, sell-side analysts expect that JELD-WEN will post 1.29 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Turtle Creek Asset Management purchased 450,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average cost of $10.06 per share, with a total value of $4,527,000.00. Following the completion of the purchase, the insider now directly owns 11,751,912 shares of the company’s stock, valued at $118,224,234.72. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.03% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On JELD-WEN

Several large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its stake in JELD-WEN by 790.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after buying an additional 1,922 shares during the period. BNP Paribas Financial Markets boosted its stake in JELD-WEN by 26.6% during the 1st quarter. BNP Paribas Financial Markets now owns 52,153 shares of the company’s stock worth $1,107,000 after acquiring an additional 10,943 shares during the last quarter. Empowered Funds LLC grew its holdings in JELD-WEN by 8.2% during the first quarter. Empowered Funds LLC now owns 359,817 shares of the company’s stock valued at $7,639,000 after purchasing an additional 27,234 shares during the period. Russell Investments Group Ltd. increased its stake in JELD-WEN by 12.5% in the first quarter. Russell Investments Group Ltd. now owns 111,135 shares of the company’s stock valued at $2,359,000 after purchasing an additional 12,330 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of JELD-WEN by 8.5% during the first quarter. ProShare Advisors LLC now owns 15,305 shares of the company’s stock worth $325,000 after purchasing an additional 1,205 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

About JELD-WEN

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