JELD-WEN (NYSE:JELD) Price Target Cut to $13.00

JELD-WEN (NYSE:JELD) had its price objective decreased by Royal Bank of Canada from $16.00 to $13.00 in a research note published on Wednesday, Benzinga reports. Royal Bank of Canada currently has an underperform rating on the stock.

A number of other analysts have also recently issued reports on JELD. Loop Capital began coverage on JELD-WEN in a research report on Thursday, February 15th. They set a hold rating and a $22.00 price objective on the stock. UBS Group dropped their price objective on shares of JELD-WEN from $22.00 to $19.00 and set a buy rating for the company in a research note on Wednesday. B. Riley lifted their target price on shares of JELD-WEN from $17.00 to $20.00 and gave the company a neutral rating in a research report on Wednesday, February 21st. Truist Financial increased their price target on shares of JELD-WEN from $15.00 to $19.00 and gave the stock a hold rating in a research report on Wednesday, February 21st. Finally, Oppenheimer assumed coverage on JELD-WEN in a report on Friday, January 19th. They set a market perform rating on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, JELD-WEN has an average rating of Hold and a consensus price target of $18.30.

JELD-WEN Price Performance

NYSE:JELD opened at $14.56 on Wednesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.08 and a quick ratio of 1.49. The stock has a market cap of $1.25 billion, a P/E ratio of 63.31 and a beta of 2.32. The company has a fifty day moving average price of $19.18 and a 200 day moving average price of $17.84. JELD-WEN has a one year low of $11.02 and a one year high of $21.75.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, February 19th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.12. JELD-WEN had a net margin of 0.47% and a return on equity of 15.78%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company earned $0.47 earnings per share. Analysts anticipate that JELD-WEN will post 1.6 earnings per share for the current year.

Insider Buying and Selling at JELD-WEN

In other news, Director Roderick Wendt sold 10,000 shares of JELD-WEN stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $30.76, for a total transaction of $307,600.00. Following the transaction, the director now owns 294,558 shares in the company, valued at approximately $9,060,604.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Roderick Wendt sold 10,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $30.76, for a total transaction of $307,600.00. Following the sale, the director now directly owns 294,558 shares in the company, valued at $9,060,604.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Turtle Creek Asset Management sold 54,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $19.84, for a total transaction of $1,071,360.00. Following the completion of the transaction, the insider now directly owns 760,463 shares of the company’s stock, valued at $15,087,585.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,000 shares of company stock valued at $1,662,460. Company insiders own 1.03% 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. Norges Bank bought a new position in shares of JELD-WEN during the 4th quarter worth approximately $9,783,000. Vanguard Group Inc. grew its position in JELD-WEN by 4.1% in the third quarter. Vanguard Group Inc. now owns 8,790,549 shares of the company’s stock valued at $117,442,000 after purchasing an additional 344,435 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in JELD-WEN in the 1st quarter valued at $6,750,000. Congress Asset Management Co. MA bought a new stake in JELD-WEN during the 1st quarter worth about $4,631,000. Finally, Knights of Columbus Asset Advisors LLC boosted its stake in shares of JELD-WEN by 146.5% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 302,860 shares of the company’s stock worth $5,718,000 after buying an additional 179,998 shares during the last quarter. Institutional investors and hedge funds 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.