UBS Group Lowers JELD-WEN (NYSE:JELD) Price Target to $7.50

JELD-WEN (NYSE:JELD) had its price target reduced by UBS Group from $9.00 to $7.50 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 22.05% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. B. Riley decreased their price objective on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Royal Bank of Canada decreased their price objective on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Wednesday, December 18th. Barclays decreased their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group cut their target price on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.56.

JELD-WEN Stock Up 4.0 %

JELD stock opened at $6.15 on Wednesday. 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 business’s 50-day simple moving average is $8.65 and its 200 day simple moving average is $11.81. The company has a market cap of $519.99 million, a PE ratio of -2.76 and a beta of 2.17. JELD-WEN has a twelve month low of $5.79 and a twelve month high of $21.75.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). The company had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. On average, research analysts anticipate that JELD-WEN will post 0.88 earnings per share for the current year.

Insider Buying and Selling

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 110,000 shares of the company’s stock in a transaction on Friday, January 10th. The stock was bought at an average price of $7.65 per share, for a total transaction of $841,500.00. Following the transaction, the insider now owns 12,259,784 shares of the company’s stock, valued at approximately $93,787,347.60. The trade was a 0.91 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders purchased 310,000 shares of company stock worth $2,463,500 in the last quarter. Insiders own 1.03% of the company’s stock.

Institutional Trading of JELD-WEN

Several institutional investors and hedge funds have recently made changes to their positions in the business. PharVision Advisers LLC bought a new stake in shares of JELD-WEN during the 4th quarter valued at $172,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of JELD-WEN by 17.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 216,899 shares of the company’s stock valued at $1,776,000 after acquiring an additional 31,640 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in shares of JELD-WEN during the 4th quarter valued at $888,000. Squarepoint Ops LLC bought a new stake in shares of JELD-WEN during the 4th quarter valued at $240,000. Finally, Turtle Creek Asset Management Inc. raised its position in shares of JELD-WEN by 7.2% during 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 acquiring an additional 1,000,000 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

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.