B. Riley Has Lowered Expectations for JELD-WEN (NYSE:JELD) Stock Price

JELD-WEN (NYSE:JELD) had its price objective trimmed by B. Riley from $17.00 to $14.00 in a research report report published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages have also recently issued reports on JELD. Barclays decreased their price objective on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Jefferies Financial Group upped their target price 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. The Goldman Sachs Group dropped their price objective on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday. UBS Group cut their price target on shares of JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Loop Capital decreased their target price on JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.90.

JELD-WEN Trading Up 6.6 %

JELD-WEN stock traded up $0.68 during mid-day trading on Thursday, hitting $10.96. The stock had a trading volume of 1,865,685 shares, compared to its average volume of 738,644. The stock has a 50-day simple moving average of $14.57 and a two-hundred day simple moving average of $14.91. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $927.44 million, a PE ratio of -5.99 and a beta of 2.25. JELD-WEN has a 12 month low of $8.90 and a 12 month high of $21.75.

JELD-WEN (NYSE:JELD) last released its 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 during the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 11.97%. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. As a group, sell-side analysts forecast that JELD-WEN will post 1.29 EPS for the current year.

Insiders Place Their Bets

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 450,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was acquired at an average cost of $10.06 per share, with a total value of $4,527,000.00. Following the purchase, the insider now directly owns 11,751,912 shares of the company’s stock, valued at approximately $118,224,234.72. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.03% of the company’s stock.

Institutional Trading of JELD-WEN

A number of large investors have recently made changes to their positions in JELD. Allspring Global Investments Holdings LLC raised its stake in shares of JELD-WEN by 790.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after acquiring an additional 1,922 shares in the last quarter. Innealta Capital LLC bought a new stake in JELD-WEN during the 2nd quarter valued at $30,000. Blue Trust Inc. raised its position in JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after purchasing an additional 1,284 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of JELD-WEN in the 2nd quarter worth $92,000. Finally, MQS Management LLC purchased a new position in shares of JELD-WEN during the third quarter valued at $160,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

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.