JELD-WEN (NYSE:JELD) Price Target Lowered to $9.00 at The Goldman Sachs Group

JELD-WEN (NYSE:JELD) had its target price trimmed by The Goldman Sachs Group from $10.00 to $9.00 in a research note published on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research analysts have also weighed in on JELD. Royal Bank of Canada dropped their price target on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research report on Wednesday, December 18th. UBS Group reaffirmed a “neutral” rating and issued a $9.00 price target (down previously from $15.00) on shares of JELD-WEN in a research report on Wednesday, January 8th. Jefferies Financial Group lifted their price target on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Barclays cut their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Finally, B. Riley dropped their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.75.

JELD-WEN Stock Up 4.9 %

NYSE:JELD opened at $8.91 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. JELD-WEN has a 52 week low of $7.43 and a 52 week high of $21.75. The stock has a 50 day moving average of $9.64 and a 200-day moving average of $12.94. The firm has a market capitalization of $753.96 million, a PE ratio of -4.87 and a beta of 2.16.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The company had revenue of $934.70 million during the quarter, compared to analyst estimates of $990.64 million. During the same period in the prior year, the company posted $0.53 earnings per share. The company’s revenue was down 13.2% on a year-over-year basis. Analysts predict that JELD-WEN will post 0.73 EPS for the current year.

Insider Buying and Selling

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 200,000 shares of JELD-WEN stock in a transaction on Thursday, November 7th. The shares were purchased at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the acquisition, the insider now directly owns 11,941,452 shares of the company’s stock, valued at $125,146,416.96. The trade was a 1.70 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 885,000 shares of company stock valued at $8,452,000 over the last 90 days. 1.03% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On JELD-WEN

Several institutional investors have recently made changes to their positions in JELD. Blue Trust Inc. grew its position in JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after purchasing an additional 1,284 shares in the last quarter. Sei Investments Co. increased its stake in shares of JELD-WEN by 13.2% in the second quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock worth $242,000 after purchasing an additional 2,100 shares in the last quarter. Diversified Trust Co raised its holdings in JELD-WEN by 8.8% during the 4th quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock valued at $226,000 after acquiring an additional 2,242 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of JELD-WEN by 7.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,436 shares of the company’s stock valued at $585,000 after purchasing an additional 3,066 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of JELD-WEN by 10.3% in the third quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock worth $573,000 after buying an additional 3,383 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

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.