JELD-WEN (NYSE:JELD) Price Target Cut to $13.00 by Analysts at Royal Bank of Canada

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

JELD has been the subject of a number of other research reports. UBS Group decreased their target price 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 raised their price objective on JELD-WEN from $17.00 to $20.00 and gave the company a neutral rating in a research report on Wednesday, February 21st. Loop Capital started coverage on JELD-WEN in a report on Thursday, February 15th. They issued a hold rating and a $22.00 target price on the stock. Truist Financial raised their price target on JELD-WEN from $15.00 to $19.00 and gave the company a hold rating in a report on Wednesday, February 21st. Finally, Oppenheimer assumed coverage on JELD-WEN in a research report on Friday, January 19th. They issued a market perform rating for the company. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $18.09.

JELD-WEN Stock Up 0.4 %

JELD traded up $0.05 on Wednesday, hitting $14.02. The company had a trading volume of 1,089,476 shares, compared to its average volume of 625,904. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.20 and a quick ratio of 1.49. JELD-WEN has a 52-week low of $11.02 and a 52-week high of $21.75. The firm has a market capitalization of $1.21 billion, a P/E ratio of 61.57 and a beta of 2.32. The stock has a fifty day simple moving average of $19.34 and a 200-day simple moving average of $17.80.

JELD-WEN (NYSE:JELD) last announced its earnings results on Monday, February 19th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. JELD-WEN had a net margin of 1.40% and a return on equity of 17.99%. During the same quarter in the previous year, the business posted $0.47 EPS. As a group, equities analysts expect that JELD-WEN will post 1.6 EPS for the current fiscal year.

Insider Buying and Selling

In other JELD-WEN news, Director Roderick Wendt sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $28.35, for a total value of $283,500.00. Following the transaction, the director now directly owns 304,558 shares of the company’s stock, valued at $8,634,219.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Roderick Wendt sold 10,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $28.35, for a total transaction of $283,500.00. Following the completion of the sale, the director now owns 304,558 shares of the company’s stock, valued at approximately $8,634,219.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Turtle Creek Asset Management sold 53,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $19.55, for a total value of $1,036,150.00. Following the completion of the transaction, the insider now directly owns 814,463 shares in the company, valued at $15,922,751.65. The disclosure for this sale can be found here. Insiders sold 127,000 shares of company stock valued at $2,698,610 over the last 90 days. Company insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of JELD-WEN by 790.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after purchasing an additional 1,922 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in JELD-WEN in the 4th quarter worth $47,000. Quest Partners LLC purchased a new stake in JELD-WEN in the 4th quarter worth $103,000. DekaBank Deutsche Girozentrale bought a new stake in JELD-WEN during the fourth quarter valued at about $118,000. Finally, International Assets Investment Management LLC purchased a new position in shares of JELD-WEN in the fourth quarter valued at about $125,000. Institutional investors 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.