JELD-WEN Holding, Inc. (NYSE:JELD) Given Average Rating of “Hold” by Brokerages

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) have been assigned an average rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $16.80.

A number of research firms have weighed in on JELD. Royal Bank of Canada reissued an “underperform” rating and set a $13.00 target price on shares of JELD-WEN in a report on Wednesday, August 7th. Barclays reduced their price objective on shares of JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, July 12th. Loop Capital cut their target price on JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, July 19th. Finally, The Goldman Sachs Group decreased their price target on JELD-WEN from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th.

JELD-WEN Stock Performance

Shares of JELD-WEN stock opened at $15.86 on Monday. The company’s 50 day moving average price is $14.79 and its two-hundred day moving average price is $16.09. The firm has a market capitalization of $1.36 billion, a P/E ratio of 68.96 and a beta of 2.24. JELD-WEN has a fifty-two week low of $11.02 and a fifty-two week high of $21.75. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.11. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The business had revenue of $986.00 million during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The business’s revenue for the quarter was down 12.4% compared to the same quarter last year. On average, equities analysts forecast that JELD-WEN will post 1.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JELD-WEN

Several institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its stake in shares of JELD-WEN by 7.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,436 shares of the company’s stock valued at $585,000 after acquiring an additional 3,066 shares in the last quarter. Engine Capital Management LP boosted its stake in JELD-WEN by 223.6% during the second quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock worth $15,656,000 after acquiring an additional 803,095 shares in the last quarter. Xponance Inc. acquired a new stake in JELD-WEN in the second quarter worth $198,000. Sei Investments Co. increased its stake in JELD-WEN by 13.2% in the second quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock valued at $242,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in shares of JELD-WEN by 55.9% during the second quarter. Inspire Investing LLC now owns 26,352 shares of the company’s stock valued at $355,000 after purchasing an additional 9,445 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

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.