JELD-WEN’s (JELD) Neutral Rating Reaffirmed at UBS Group

JELD-WEN (NYSE:JELD)‘s stock had its “neutral” rating reiterated by UBS Group in a research note issued to investors on Wednesday, MarketBeat.com reports. They currently have a $9.00 target price on the stock, down from their previous target price of $15.00. UBS Group’s price target points to a potential upside of 12.92% from the company’s previous close.

Several other equities research analysts have also issued reports on JELD. Royal Bank of Canada decreased their price target on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, December 18th. Barclays reduced their price target on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. The Goldman Sachs Group reduced 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 report on Wednesday, November 6th. Jefferies Financial Group lifted their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, B. Riley dropped 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. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.88.

JELD-WEN Stock Performance

NYSE JELD opened at $7.97 on Wednesday. The company has a market capitalization of $674.42 million, a price-to-earnings ratio of -4.36 and a beta of 2.16. JELD-WEN has a twelve month low of $7.81 and a twelve month high of $21.75. The stock has a fifty day simple moving average of $10.16 and a 200 day simple moving average of $13.11. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The business had revenue of $934.70 million for the quarter, compared to analyst estimates of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The business’s revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 earnings per share. Sell-side analysts expect that JELD-WEN will post 0.73 EPS for the current year.

Insider Activity

In related news, major shareholder Turtle Creek Asset Management purchased 200,000 shares of JELD-WEN stock in a transaction that occurred on Thursday, November 7th. The shares were bought at an average price of $10.48 per share, for a total transaction of $2,096,000.00. Following the completion of the transaction, the insider now directly owns 11,941,452 shares of the company’s stock, valued at $125,146,416.96. This represents a 1.70 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.03% 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 stock. Blue Trust Inc. raised its position in JELD-WEN by 79.8% in the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after acquiring an additional 1,284 shares during the period. MQS Management LLC purchased a new position in JELD-WEN during the third quarter valued at $160,000. Xponance Inc. purchased a new position in JELD-WEN during the second quarter valued at $198,000. Diversified Trust Co grew its stake in JELD-WEN by 8.8% during the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock valued at $226,000 after acquiring an additional 2,242 shares in the last quarter. Finally, Sei Investments Co. grew its stake in JELD-WEN by 13.2% during the second quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock valued at $242,000 after acquiring an additional 2,100 shares in the last quarter. 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.