JELD-WEN (NYSE:JELD) Price Target Lowered to $19.00 at UBS Group

JELD-WEN (NYSE:JELD) had its price objective trimmed by UBS Group from $22.00 to $19.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also weighed in on JELD. Truist Financial increased their price objective on JELD-WEN from $15.00 to $19.00 and gave the company a hold rating in a research note on Wednesday, February 21st. Oppenheimer began coverage on shares of JELD-WEN in a report on Friday, January 19th. They issued a market perform rating on the stock. B. Riley upped their price objective on shares of JELD-WEN from $17.00 to $20.00 and gave the company a neutral rating in a research note on Wednesday, February 21st. Loop Capital initiated coverage on JELD-WEN in a research note on Thursday, February 15th. They issued a hold rating and a $22.00 target price on the stock. Finally, Royal Bank of Canada upped their price target on JELD-WEN from $15.00 to $16.00 and gave the company an underperform rating in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $18.09.

JELD-WEN Trading Up 1.1 %

Shares of JELD traded up $0.15 during mid-day trading on Wednesday, reaching $14.12. The company’s stock had a trading volume of 205,752 shares, compared to its average volume of 614,468. JELD-WEN has a 52 week low of $11.02 and a 52 week high of $21.75. The stock has a market cap of $1.21 billion, a PE ratio of 19.30 and a beta of 2.32. The company’s fifty day moving average price is $19.34 and its two-hundred day moving average price is $17.80. The company has a current ratio of 2.20, a quick ratio of 1.49 and a debt-to-equity ratio of 1.40.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, February 19th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.12. JELD-WEN had a net margin of 1.40% and a return on equity of 17.99%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. On average, analysts predict that JELD-WEN will post 1.6 earnings per share for the current fiscal year.

Insider Buying and Selling at JELD-WEN

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

Hedge Funds Weigh In On JELD-WEN

A number of hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of JELD-WEN by 4.9% during the third quarter. Bank of New York Mellon Corp now owns 474,426 shares of the company’s stock valued at $6,338,000 after buying an additional 22,210 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in JELD-WEN by 22.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,145 shares of the company’s stock valued at $176,000 after purchasing an additional 2,415 shares during the last quarter. Mackenzie Financial Corp bought a new stake in shares of JELD-WEN in the 3rd quarter worth $202,000. Strs Ohio raised its stake in shares of JELD-WEN by 128.6% in the third quarter. Strs Ohio now owns 53,500 shares of the company’s stock worth $714,000 after purchasing an additional 30,100 shares during the last quarter. Finally, Inspire Investing LLC bought a new position in shares of JELD-WEN during the third quarter valued at $306,000. 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.