JELD-WEN (NYSE:JELD) Given New $5.00 Price Target at Barclays

JELD-WEN (NYSE:JELD) had its price objective decreased by analysts at Barclays from $6.00 to $5.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential downside of 3.75% from the company’s previous close.

A number of other research analysts have also recently commented on JELD. UBS Group lowered their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. The Goldman Sachs Group decreased their price target on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Truist Financial lowered their price objective 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. StockNews.com lowered JELD-WEN from a “hold” rating to a “sell” rating in a research note on Friday, March 7th. Finally, Royal Bank of Canada lowered their price objective on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $8.94.

JELD-WEN Trading Down 5.5 %

JELD-WEN stock traded down $0.31 during trading hours on Tuesday, reaching $5.20. The company had a trading volume of 951,485 shares, compared to its average volume of 868,218. The company has a 50-day moving average price of $6.83 and a 200 day moving average price of $9.92. JELD-WEN has a 12-month low of $5.17 and a 12-month high of $21.75. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The firm has a market cap of $443.48 million, a price-to-earnings ratio of -2.33 and a beta of 1.93.

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

Insider Buying and Selling

In related news, Director David G. Nord bought 20,000 shares of JELD-WEN stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $5.96 per share, with a total value of $119,200.00. Following the completion of the transaction, the director now owns 40,000 shares in the company, valued at $238,400. The trade was a 100.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Turtle Creek Asset Management acquired 100,000 shares of JELD-WEN stock in a transaction on Monday, April 7th. The shares were purchased at an average price of $5.46 per share, for a total transaction of $546,000.00. Following the completion of the acquisition, the insider now directly owns 12,749,237 shares in the company, valued at $69,610,834.02. This trade represents a 0.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 720,137 shares of company stock worth $4,580,187. Corporate insiders own 1.24% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in shares of JELD-WEN by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock worth $30,771,000 after acquiring an additional 9,468 shares in the last quarter. State Street Corp raised its stake in JELD-WEN by 1.1% in the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company’s stock worth $31,594,000 after acquiring an additional 21,264 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of JELD-WEN by 11.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,225,439 shares of the company’s stock worth $18,226,000 after purchasing an additional 220,815 shares during the period. Hennessy Advisors Inc. lifted its stake in JELD-WEN by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 477,200 shares of the company’s stock valued at $3,908,000 after acquiring an additional 30,400 shares during the period. Finally, US Bancorp DE boosted its holdings in JELD-WEN by 257.6% in the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after purchasing an additional 7,025 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Company Profile

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.