JELD-WEN (NYSE:JELD) Given “Neutral” Rating at UBS Group

UBS Group reiterated their neutral rating on shares of JELD-WEN (NYSE:JELD) in a report released on Wednesday morning, MarketBeat Ratings reports. They currently have a $9.00 price objective on the stock, down from their previous price objective of $15.00.

JELD has been the subject of several other reports. Royal Bank of Canada decreased their target price on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a research report on Wednesday, December 18th. B. Riley decreased their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Barclays dropped their target price on shares of 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. The Goldman Sachs Group decreased their price target on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group increased their price objective on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.88.

JELD-WEN Price Performance

JELD stock opened at $7.75 on Wednesday. The stock has a market cap of $655.81 million, a PE ratio of -4.23 and a beta of 2.16. JELD-WEN has a 12 month low of $7.43 and a 12 month high of $21.75. The company has a 50-day moving average price of $9.91 and a 200 day moving average price of $13.04. 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, November 4th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The business had revenue of $934.70 million for the quarter, compared to the consensus estimate of $990.64 million. During the same period in the prior year, the company posted $0.53 EPS. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. Equities research analysts anticipate that JELD-WEN will post 0.73 earnings per share for the current year.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management acquired 450,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average price of $10.06 per share, with a total value of $4,527,000.00. Following the transaction, the insider now directly owns 11,751,912 shares in the company, valued at approximately $118,224,234.72. This represents a 3.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have purchased 885,000 shares of company stock worth $8,452,000. 1.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On JELD-WEN

Several institutional investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after purchasing an additional 1,284 shares during the last quarter. MQS Management LLC acquired a new position in JELD-WEN during the 3rd quarter valued at about $160,000. Xponance Inc. acquired a new position in JELD-WEN during the 2nd quarter valued at about $198,000. Diversified Trust Co raised its stake in JELD-WEN by 8.8% in the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock valued at $226,000 after buying an additional 2,242 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in JELD-WEN by 13.2% in the second quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock worth $242,000 after acquiring an additional 2,100 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.