Barclays Cuts JELD-WEN (NYSE:JELD) Price Target to $6.00

JELD-WEN (NYSE:JELD) had its price objective cut by Barclays from $9.00 to $6.00 in a report released on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other research analysts have also recently issued research reports about the company. Loop Capital reduced their price objective on JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada decreased their price target on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a report on Wednesday, February 19th. B. Riley dropped their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Truist Financial reduced their target price on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. Finally, StockNews.com lowered shares of JELD-WEN from a “hold” rating to a “sell” rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $9.06.

JELD-WEN Trading Down 1.7 %

Shares of JELD stock opened at $5.79 on Monday. JELD-WEN has a twelve month low of $5.62 and a twelve month high of $21.75. The company has a market capitalization of $491.28 million, a price-to-earnings ratio of -2.60 and a beta of 2.17. The firm has a 50-day moving average price of $8.33 and a 200 day moving average price of $11.55. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, February 17th. The company reported ($0.13) EPS 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 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%. Research analysts forecast that JELD-WEN will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Turtle Creek Asset Management acquired 110,000 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were bought at an average cost of $7.65 per share, with a total value of $841,500.00. Following the completion of the acquisition, the insider now owns 12,259,784 shares of the company’s stock, valued at $93,787,347.60. This trade represents a 0.91 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David G. Nord purchased 20,000 shares of the stock in a transaction on Monday, February 24th. The stock was bought at an average price of $5.96 per share, for a total transaction of $119,200.00. Following the completion of the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $238,400. This trade represents a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 330,000 shares of company stock worth $2,582,700 in the last quarter. 1.03% of the stock is currently owned by company insiders.

Institutional Trading of JELD-WEN

Several large investors have recently made changes to their positions in JELD. Performa Ltd US LLC increased its holdings in shares of JELD-WEN by 1,580.0% in the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after purchasing an additional 3,950 shares in the last quarter. Blue Trust Inc. boosted its position in JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after buying an additional 1,284 shares during the last quarter. Quarry LP acquired a new stake in shares of JELD-WEN in the 4th quarter valued at $46,000. US Bancorp DE raised its position in shares of JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after acquiring an additional 7,025 shares during the last quarter. Finally, Brevan Howard Capital Management LP acquired a new position in shares of JELD-WEN during the fourth quarter valued at $83,000. 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.