Barclays Issues Pessimistic Forecast for JELD-WEN (NYSE:JELD) Stock Price

JELD-WEN (NYSE:JELD) had its target price decreased by research analysts at Barclays from $6.00 to $5.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential downside of 7.58% from the company’s previous close.

A number of other research analysts have also recently issued reports on the company. StockNews.com cut JELD-WEN from a “hold” rating to a “sell” rating in a research note on Friday, March 7th. UBS Group decreased their price target on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. The Goldman Sachs Group cut their price target on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Loop Capital decreased their target price on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. Finally, Truist Financial cut 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 note on Wednesday, February 19th. Two equities 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 stock has an average rating of “Hold” and a consensus target price of $8.94.

JELD-WEN Stock Up 5.9 %

Shares of JELD opened at $5.41 on Tuesday. 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 fifty day moving average of $6.52 and a 200-day moving average of $9.70. JELD-WEN has a 52 week low of $4.91 and a 52 week high of $21.75. The stock has a market capitalization of $461.83 million, a price-to-earnings ratio of -2.43 and a beta of 1.93.

JELD-WEN (NYSE:JELD) last released 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). 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%. As a group, sell-side analysts anticipate that JELD-WEN will post 0.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Turtle Creek Asset Management acquired 110,000 shares of the company’s stock in a transaction on Friday, January 10th. The stock was purchased at an average cost of $7.65 per share, for a total transaction of $841,500.00. Following the completion of the purchase, the insider now directly owns 12,259,784 shares of the company’s stock, valued at $93,787,347.60. The trade was a 0.91 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David G. Nord bought 20,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $5.96 per share, for a total transaction of $119,200.00. Following the acquisition, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $238,400. The trade was a 100.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 720,137 shares of company stock worth $4,580,187. Company insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in shares of JELD-WEN by 10.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock worth $573,000 after acquiring an additional 3,383 shares during the period. State Street Corp increased its holdings 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 purchasing an additional 21,264 shares in the last quarter. Geode Capital Management LLC grew 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 valued at $30,771,000 after buying an additional 9,468 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of JELD-WEN by 8.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 130,078 shares of the company’s stock valued at $2,057,000 after buying an additional 10,154 shares during the last quarter. Finally, Diversified Trust Co boosted its position in shares of JELD-WEN by 8.8% during the 4th quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock valued at $226,000 after purchasing an additional 2,242 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

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.