JELD-WEN (NYSE:JELD) Rating Lowered to Hold at Stifel Nicolaus

Stifel Nicolaus downgraded shares of JELD-WEN (NYSE:JELDGet Rating) from a buy rating to a hold rating in a report released on Tuesday morning, Marketbeat reports. Stifel Nicolaus currently has $17.00 target price on the stock, down from their prior target price of $22.00.

JELD has been the subject of several other reports. Wells Fargo & Company cut shares of JELD-WEN from an overweight rating to an equal weight rating and set a $16.00 price objective for the company. in a research report on Tuesday, June 28th. Barclays lowered shares of JELD-WEN from an overweight rating to an equal weight rating and reduced their price objective for the stock from $25.00 to $17.00 in a research note on Thursday, July 14th. Credit Suisse Group initiated coverage on shares of JELD-WEN in a research note on Tuesday, April 5th. They set an outperform rating and a $24.00 price objective for the company. The Goldman Sachs Group reduced their price objective on shares of JELD-WEN from $21.00 to $16.00 and set a neutral rating for the company in a research note on Thursday, June 23rd. Finally, B. Riley reduced their price objective on shares of JELD-WEN from $25.00 to $22.00 in a research note on Tuesday, May 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $17.91.

JELD-WEN Stock Down 7.0 %

Shares of JELD stock opened at $14.14 on Tuesday. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 10.32 and a beta of 2.21. JELD-WEN has a one year low of $12.12 and a one year high of $29.89. The company’s fifty day moving average price is $16.02 and its 200-day moving average price is $19.57. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.14 and a quick ratio of 1.29.

JELD-WEN (NYSE:JELDGet Rating) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). JELD-WEN had a net margin of 2.59% and a return on equity of 19.00%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. Sell-side analysts expect that JELD-WEN will post 1.76 EPS for the current fiscal year.

Insider Activity

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 121,815 shares of the company’s stock in a transaction dated Thursday, June 23rd. The shares were acquired at an average cost of $13.82 per share, with a total value of $1,683,483.30. Following the acquisition, the insider now directly owns 11,268,303 shares of the company’s stock, valued at $155,727,947.46. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have acquired 201,578 shares of company stock valued at $2,767,487 in the last ninety days. Insiders own 1.81% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

A number of hedge funds have recently modified their holdings of the business. Turtle Creek Asset Management Inc. raised its position in shares of JELD-WEN by 38.9% in the first quarter. Turtle Creek Asset Management Inc. now owns 11,692,075 shares of the company’s stock valued at $237,115,000 after buying an additional 3,273,690 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of JELD-WEN by 12.1% in the second quarter. Pzena Investment Management LLC now owns 8,856,852 shares of the company’s stock valued at $129,221,000 after buying an additional 956,559 shares during the last quarter. Vanguard Group Inc. raised its position in shares of JELD-WEN by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,440,902 shares of the company’s stock valued at $171,182,000 after buying an additional 30,138 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in JELD-WEN by 5.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 7,083,001 shares of the company’s stock worth $143,643,000 after purchasing an additional 343,177 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in JELD-WEN by 387.0% during the fourth quarter. JPMorgan Chase & Co. now owns 5,609,759 shares of the company’s stock worth $147,873,000 after purchasing an additional 4,457,808 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

About JELD-WEN

(Get Rating)

JELD-WEN Holding, Inc designs, manufactures, and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, aluminum, and wood composite windows.

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