Analysts Set JELD-WEN Holding, Inc. (NYSE:JELD) PT at $4.16

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have been assigned a consensus recommendation of “Reduce” from the nine brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $4.1571.

A number of brokerages have weighed in on JELD. Barclays set a $2.50 target price on JELD-WEN in a research report on Monday, December 8th. Zacks Research upgraded shares of JELD-WEN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Jefferies Financial Group boosted their price objective on shares of JELD-WEN from $2.25 to $2.60 and gave the company a “hold” rating in a research report on Monday, December 15th. Weiss Ratings restated a “sell (e+)” rating on shares of JELD-WEN in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded JELD-WEN from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Turtle Creek Asset Management Inc. lifted its stake in shares of JELD-WEN by 2.5% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 16,625,557 shares of the company’s stock worth $81,631,000 after acquiring an additional 407,947 shares during the last quarter. Vanguard Group Inc. raised its holdings in JELD-WEN by 3.0% in the third quarter. Vanguard Group Inc. now owns 5,021,099 shares of the company’s stock worth $24,654,000 after purchasing an additional 145,755 shares in the last quarter. American Century Companies Inc. lifted its position in JELD-WEN by 6.3% during the third quarter. American Century Companies Inc. now owns 3,248,855 shares of the company’s stock valued at $15,952,000 after acquiring an additional 191,985 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of JELD-WEN by 94.2% in the 2nd quarter. Federated Hermes Inc. now owns 2,707,888 shares of the company’s stock worth $10,615,000 after purchasing an additional 1,313,463 shares in the last quarter. Finally, Millennium Management LLC grew its stake in JELD-WEN by 76.2% during the 3rd quarter. Millennium Management LLC now owns 2,673,994 shares of the company’s stock worth $13,129,000 after buying an additional 1,156,751 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Stock Performance

Shares of JELD stock opened at $2.76 on Friday. The company has a market capitalization of $235.36 million, a price-to-earnings ratio of -0.37 and a beta of 1.72. The company has a debt-to-equity ratio of 10.14, a quick ratio of 1.01 and a current ratio of 1.76. JELD-WEN has a one year low of $1.70 and a one year high of $10.09. The company’s 50-day moving average is $2.52 and its 200 day moving average is $4.21.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, November 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.38). The firm had revenue of $809.48 million during the quarter, compared to the consensus estimate of $823.58 million. JELD-WEN had a negative return on equity of 13.54% and a negative net margin of 19.28%.The company’s quarterly revenue was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 EPS. Sell-side analysts expect that JELD-WEN will post 0.88 EPS for the current fiscal year.

JELD-WEN Company Profile

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.