JELD-WEN (NYSE:JELD – Get Rating) had its price objective reduced by Stifel Nicolaus to $29.00 in a research note issued to investors on Wednesday, The Fly reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 35.26% from the stock’s previous close.
A number of other research firms have also issued reports on JELD. UBS Group initiated coverage on shares of JELD-WEN in a research note on Wednesday, January 19th. They issued a “buy” rating and a $39.00 target price on the stock. Zacks Investment Research downgraded shares of JELD-WEN from a “buy” rating to a “hold” rating in a report on Monday, January 3rd. Barclays reduced their price target on shares of JELD-WEN from $33.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Wolfe Research downgraded shares of JELD-WEN from an “outperform” rating to a “peer perform” rating in a report on Tuesday, November 2nd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $30.75.
NYSE:JELD traded down $0.77 during midday trading on Wednesday, reaching $21.44. The stock had a trading volume of 46,638 shares, compared to its average volume of 539,823. JELD-WEN has a 1-year low of $21.90 and a 1-year high of $31.47. The business has a fifty day moving average price of $24.51. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.81 and a quick ratio of 1.17. The firm has a market capitalization of $1.96 billion, a PE ratio of 12.76 and a beta of 2.43.
JELD-WEN (NYSE:JELD – Get Rating) last posted its earnings results on Monday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). JELD-WEN had a net margin of 3.66% and a return on equity of 18.56%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the business posted $0.45 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, equities research analysts expect that JELD-WEN will post 1.89 EPS for the current year.
In other news, Vice Chairman Roderick Wendt sold 106,400 shares of the firm’s stock in a transaction dated Monday, December 13th. The shares were sold at an average price of $25.29, for a total transaction of $2,690,856.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.42% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System increased its position in JELD-WEN by 13.1% in the 2nd quarter. California State Teachers Retirement System now owns 115,772 shares of the company’s stock valued at $3,040,000 after acquiring an additional 13,368 shares in the last quarter. AQR Capital Management LLC grew its position in shares of JELD-WEN by 57.6% during the 2nd quarter. AQR Capital Management LLC now owns 68,916 shares of the company’s stock worth $1,810,000 after buying an additional 25,184 shares during the period. Swiss National Bank grew its position in shares of JELD-WEN by 30.8% during the 3rd quarter. Swiss National Bank now owns 203,600 shares of the company’s stock worth $5,096,000 after buying an additional 48,000 shares during the period. Prudential Financial Inc. grew its position in shares of JELD-WEN by 23.8% during the 2nd quarter. Prudential Financial Inc. now owns 440,528 shares of the company’s stock worth $11,568,000 after buying an additional 84,670 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of JELD-WEN by 1,022.8% during the 2nd quarter. Wells Fargo & Company MN now owns 778,130 shares of the company’s stock worth $20,434,000 after buying an additional 708,829 shares during the period. 95.32% of the stock is owned by hedge funds and other institutional investors.
JELD-WEN Company Profile (Get Rating)
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.