JELD-WEN Holding, Inc. (NYSE:JELD) Receives Consensus Recommendation of “Reduce” from Analysts

JELD-WEN Holding, Inc. (NYSE:JELD) has earned a consensus recommendation of “Reduce” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $2.1125.

Several analysts have recently commented on JELD shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $1.75 price target on shares of JELD-WEN in a research report on Wednesday. UBS Group reduced their price target on shares of JELD-WEN from $3.00 to $1.60 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Wall Street Zen lowered shares of JELD-WEN from a “sell” rating to a “strong sell” rating in a research report on Saturday.

Institutional Trading of JELD-WEN

Several institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in shares of JELD-WEN by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,585 shares of the company’s stock valued at $132,000 after buying an additional 2,416 shares during the period. Rhumbline Advisers increased its holdings in JELD-WEN by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 132,758 shares of the company’s stock valued at $520,000 after purchasing an additional 3,711 shares during the last quarter. Intech Investment Management LLC increased its holdings in JELD-WEN by 12.5% in the 4th quarter. Intech Investment Management LLC now owns 37,771 shares of the company’s stock valued at $93,000 after purchasing an additional 4,195 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in JELD-WEN by 21.8% in the 2nd quarter. Rafferty Asset Management LLC now owns 30,048 shares of the company’s stock valued at $118,000 after purchasing an additional 5,385 shares during the last quarter. Finally, Performa Ltd US LLC increased its holdings in JELD-WEN by 73.8% in the 4th quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock valued at $32,000 after purchasing an additional 5,500 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

JELD-WEN Trading Up 1.5%

JELD opened at $1.72 on Friday. The company has a debt-to-equity ratio of 97.65, a current ratio of 1.68 and a quick ratio of 0.99. The company’s 50 day simple moving average is $1.41 and its two-hundred day simple moving average is $2.32. JELD-WEN has a 1-year low of $0.93 and a 1-year high of $6.98. The firm has a market capitalization of $147.75 million, a price-to-earnings ratio of -0.29 and a beta of 1.88.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, May 4th. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.20). The business had revenue of $722.13 million during the quarter, compared to analysts’ expectations of $721.62 million. JELD-WEN had a negative return on equity of 65.79% and a negative net margin of 16.02%.

About JELD-WEN

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.