JELD-WEN (NYSE:JELD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, Zacks.com reports. The firm currently has a $26.00 price objective on the stock. Zacks Investment Research’s target price would suggest a potential upside of 4.67% from the stock’s current price.
According to Zacks, “JELD-WEN Holding, Inc. designs, produces and distributes interior and exterior doors, wood, vinyl and aluminum windows and related products for new construction and repair and remodeling of residential homes and non-residential buildings. The company’s brand portfolio includes JELD-WEN (R), Swedoor (R), DANA (R), Corinthian (R), Stegbar (R) and Trend (R). It operates primarily in North America, Europe and Australia. JELD-WEN Holding, Inc. is headquartered in Charlotte, North Carolina. “
Other equities analysts have also issued reports about the stock. Wolfe Research lowered shares of JELD-WEN from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, November 2nd. B. Riley reduced their target price on shares of JELD-WEN from $32.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $31.13.
Shares of NYSE:JELD traded up $1.45 during trading on Tuesday, reaching $24.84. 753,887 shares of the company were exchanged, compared to its average volume of 690,643. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 14.79 and a beta of 2.46. The business’s fifty day simple moving average is $25.79. JELD-WEN has a 12-month low of $22.90 and a 12-month high of $31.47. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.01.
JELD-WEN (NYSE:JELD) last issued its earnings results on Sunday, October 31st. The company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.09. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. JELD-WEN had a net margin of 3.66% and a return on equity of 18.56%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. On average, sell-side analysts expect that JELD-WEN will post 1.89 EPS for the current fiscal year.
In other JELD-WEN news, Vice Chairman Roderick Wendt sold 17,350 shares of the firm’s stock in a transaction that occurred on Friday, November 5th. The shares were sold at an average price of $27.25, for a total value of $472,787.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven E. Wynne sold 13,596 shares of the firm’s stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of $27.06, for a total transaction of $367,907.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,346 shares of company stock worth $3,531,551. 1.42% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in JELD. Strs Ohio acquired a new stake in JELD-WEN in the third quarter valued at approximately $35,000. Thompson Siegel & Walmsley LLC boosted its stake in JELD-WEN by 46.2% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,425 shares of the company’s stock valued at $36,000 after acquiring an additional 450 shares in the last quarter. Sittner & Nelson LLC acquired a new stake in JELD-WEN in the second quarter valued at approximately $53,000. Dark Forest Capital Management LP acquired a new stake in shares of JELD-WEN during the third quarter worth $131,000. Finally, Marshall Wace LLP acquired a new stake in shares of JELD-WEN during the first quarter worth $143,000. Institutional investors own 79.21% of the company’s stock.
About JELD-WEN
JELD-WEN Holding, Inc engages in the manufacture and sale of doors, windows, and related products. It designs, produces, and distributes interior and exterior doors, wood, vinyl, aluminum windows, and related products for construction, repair, and remodeling of residential homes and non-residential buildings.