JELD-WEN (NYSE:JELD) Price Target Lowered to $8.00 at Loop Capital

JELD-WEN (NYSE:JELD) had its target price cut by analysts at Loop Capital from $10.00 to $8.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Loop Capital’s price objective suggests a potential upside of 33.42% from the stock’s previous close.

JELD has been the subject of several other research reports. The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday. UBS Group cut their price objective on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday. B. Riley cut their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Barclays dropped their target price on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada dropped their target price on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.56.

JELD-WEN Stock Down 11.0 %

Shares of NYSE JELD traded down $0.74 during midday trading on Wednesday, reaching $6.00. 2,242,788 shares of the company’s stock traded hands, compared to its average volume of 842,687. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The stock’s 50 day simple moving average is $8.91 and its 200-day simple moving average is $11.95. JELD-WEN has a one year low of $5.79 and a one year high of $21.75. The company has a market cap of $507.38 million, a price-to-earnings ratio of -3.28 and a beta of 2.17.

JELD-WEN (NYSE:JELD) last announced its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.20). The firm had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. On average, analysts predict that JELD-WEN will post 0.69 EPS for the current fiscal year.

Insider Activity

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 110,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were purchased at an average cost of $7.65 per share, with a total value of $841,500.00. Following the purchase, the insider now directly owns 12,259,784 shares in the company, valued at approximately $93,787,347.60. This represents a 0.91 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders have purchased 310,000 shares of company stock valued at $2,463,500. Company insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

A number of large investors have recently modified their holdings of the company. Turtle Creek Asset Management Inc. increased its position in shares of JELD-WEN by 7.2% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock valued at $121,564,000 after purchasing an additional 1,000,000 shares during the last quarter. Pzena Investment Management LLC grew its position in shares of JELD-WEN by 16.5% in the 4th quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock valued at $91,443,000 after buying an additional 1,583,238 shares during the last quarter. Vanguard Group Inc. grew its position in shares of JELD-WEN by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company’s stock valued at $69,984,000 after buying an additional 101,944 shares during the last quarter. American Century Companies Inc. grew its position in shares of JELD-WEN by 12.3% in the 4th quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock valued at $47,305,000 after buying an additional 634,101 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of JELD-WEN by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,701,950 shares of the company’s stock valued at $30,319,000 after buying an additional 146,581 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

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.