Barclays Lowers JELD-WEN (NYSE:JELD) Price Target to $6.00

JELD-WEN (NYSE:JELD) had its price target lowered by analysts at Barclays from $9.00 to $6.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 0.59% from the company’s current price.

A number of other equities analysts also recently weighed in on the stock. Truist Financial decreased their target price on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. Loop Capital reduced their price target on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. B. Riley reduced their price target 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. The Goldman Sachs Group reduced their price target on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Finally, UBS Group dropped their target price on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.06.

JELD-WEN Stock Performance

JELD-WEN stock opened at $5.97 on Monday. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The firm has a 50-day moving average of $8.56 and a 200-day moving average of $11.71. The firm has a market cap of $506.13 million, a P/E ratio of -2.67 and a beta of 2.17. JELD-WEN has a 1-year low of $5.79 and a 1-year high of $21.75.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.20). JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The company had revenue of $895.70 million during the quarter, compared to analysts’ expectations of $860.82 million. Sell-side analysts expect that JELD-WEN will post 0.88 EPS for the current year.

Insider Buying and Selling at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management purchased 110,000 shares of JELD-WEN stock in a transaction on Friday, January 10th. The shares were bought at an average cost of $7.65 per share, for a total transaction of $841,500.00. Following the acquisition, the insider now owns 12,259,784 shares in the company, valued at approximately $93,787,347.60. The trade was a 0.91 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have purchased 310,000 shares of company stock worth $2,463,500. Insiders own 1.03% of the company’s stock.

Institutional Trading of JELD-WEN

Large investors have recently made changes to their positions in the business. Victory Capital Management Inc. grew its holdings in JELD-WEN by 1,167.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after purchasing an additional 2,010,275 shares during the last quarter. Geode Capital Management LLC grew its holdings in JELD-WEN by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock valued at $30,771,000 after purchasing an additional 9,468 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in JELD-WEN by 57.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock valued at $33,200,000 after purchasing an additional 764,645 shares during the last quarter. Natixis Advisors LLC grew its holdings in JELD-WEN by 78.1% during the 3rd quarter. Natixis Advisors LLC now owns 411,660 shares of the company’s stock valued at $6,508,000 after purchasing an additional 180,511 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in JELD-WEN during the 3rd quarter valued at about $293,000. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Company Profile

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.