JELD-WEN (NYSE:JELD) Receives Neutral Rating from UBS Group

UBS Group reissued their neutral rating on shares of JELD-WEN (NYSE:JELD) in a report published on Wednesday, Marketbeat reports. The firm currently has a $9.00 price target on the stock, down from their prior price target of $15.00.

JELD has been the topic of several other research reports. The Goldman Sachs Group reduced their price objective 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, November 6th. Jefferies Financial Group upped their price target on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada decreased their price target on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, December 18th. B. Riley cut their price objective on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Finally, Barclays decreased their target price on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.88.

JELD-WEN Trading Down 3.0 %

Shares of JELD stock opened at $7.72 on Wednesday. The stock’s fifty day simple moving average is $10.16 and its 200 day simple moving average is $13.11. JELD-WEN has a twelve month low of $7.59 and a twelve month high of $21.75. The firm has a market capitalization of $653.27 million, a P/E ratio of -4.22 and a beta of 2.16. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The business had revenue of $934.70 million during the quarter, compared to the consensus estimate of $990.64 million. During the same quarter last year, the business earned $0.53 EPS. The firm’s quarterly revenue was down 13.2% compared to the same quarter last year. As a group, sell-side analysts predict that JELD-WEN will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management bought 450,000 shares of JELD-WEN stock in a transaction dated Tuesday, November 5th. The stock was bought at an average cost of $10.06 per share, for a total transaction of $4,527,000.00. Following the purchase, the insider now directly owns 11,751,912 shares in the company, valued at approximately $118,224,234.72. This represents a 3.98 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

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

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.