Truist Financial Cuts JELD-WEN (NYSE:JELD) Price Target to $7.00

JELD-WEN (NYSE:JELD) had its price target lowered by Truist Financial from $11.00 to $7.00 in a research note published on Wednesday,Benzinga reports. The firm currently has a hold rating on the stock.

JELD has been the topic of a number of other reports. B. Riley decreased their price target 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. UBS Group decreased their price target on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday. The Goldman Sachs Group decreased their price target on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday. Barclays decreased their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Finally, Loop Capital decreased their price target on JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.56.

JELD-WEN Trading Down 3.3 %

Shares of JELD-WEN stock opened at $5.97 on Wednesday. The firm has a market capitalization of $504.76 million, a price-to-earnings ratio of -2.67 and a beta of 2.17. JELD-WEN has a fifty-two week low of $5.79 and a fifty-two week high of $21.75. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The stock has a 50 day moving average of $8.56 and a 200 day moving average of $11.75.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data 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 business had revenue of $895.70 million during the quarter, compared to analysts’ expectations of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. As a group, research analysts predict that JELD-WEN will post 0.88 earnings per share for the current year.

Insider Activity

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 75,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were purchased at an average price of $8.46 per share, with a total value of $634,500.00. Following the completion of the acquisition, the insider now directly owns 12,320,226 shares of the company’s stock, valued at $104,229,111.96. This represents a 0.61 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have purchased 310,000 shares of company stock worth $2,463,500. Corporate insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

Several large investors have recently bought and sold shares of the business. Turtle Creek Asset Management Inc. increased its holdings in JELD-WEN by 7.2% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock valued at $121,564,000 after buying an additional 1,000,000 shares during the last quarter. Pzena Investment Management LLC increased its holdings in JELD-WEN by 16.5% in the fourth 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. increased its holdings in JELD-WEN by 1.2% in the fourth 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 holdings in shares of JELD-WEN by 12.3% during the fourth quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock worth $47,305,000 after purchasing an additional 634,101 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of JELD-WEN by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,701,950 shares of the company’s stock worth $30,319,000 after purchasing an additional 146,581 shares during the last quarter. Hedge funds and other 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.