A number of other equities research analysts have also commented on the company. SunTrust Banks dropped their price target on Jeld-Wen from $22.00 to $13.00 and set a hold rating on the stock in a research report on Thursday, April 16th. Robert W. Baird lifted their target price on Jeld-Wen from $9.00 to $11.00 and gave the company a neutral rating in a research report on Wednesday, May 6th. Royal Bank of Canada reissued a sell rating and issued a $7.00 target price on shares of Jeld-Wen in a research report on Wednesday, April 8th. Jefferies Financial Group lowered Jeld-Wen from a buy rating to a hold rating and dropped their target price for the company from $12.00 to $9.50 in a research report on Friday, April 3rd. Finally, Benchmark lifted their target price on Jeld-Wen from $14.00 to $18.00 and gave the company a buy rating in a research report on Thursday, June 18th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $15.92.
Jeld-Wen stock opened at $16.56 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.76 and a debt-to-equity ratio of 2.27. Jeld-Wen has a 12-month low of $6.06 and a 12-month high of $27.00. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 35.23, a P/E/G ratio of 28.48 and a beta of 2.85. The business’s 50-day simple moving average is $15.63 and its 200 day simple moving average is $17.02.
Jeld-Wen (NYSE:JELD) last issued its earnings results on Tuesday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. Jeld-Wen had a return on equity of 13.86% and a net margin of 1.10%. The firm had revenue of $979.20 million for the quarter, compared to analysts’ expectations of $979.09 million. During the same quarter last year, the business earned $0.23 earnings per share. The company’s revenue was down 3.1% compared to the same quarter last year. As a group, sell-side analysts expect that Jeld-Wen will post 0.63 EPS for the current year.
In other Jeld-Wen news, CEO Gary S. Michel purchased 10,000 shares of the stock in a transaction dated Thursday, May 7th. The stock was bought at an average price of $12.68 per share, with a total value of $126,800.00. Following the acquisition, the chief executive officer now owns 202,132 shares of the company’s stock, valued at $2,563,033.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.19% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its position in shares of Jeld-Wen by 287.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,864,239 shares of the company’s stock valued at $67,052,000 after buying an additional 2,125,326 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Jeld-Wen by 41.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 5,178,885 shares of the company’s stock valued at $50,391,000 after purchasing an additional 1,514,669 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of Jeld-Wen by 12.4% during the 1st quarter. Pzena Investment Management LLC now owns 8,966,895 shares of the company’s stock valued at $87,248,000 after purchasing an additional 990,502 shares in the last quarter. Norges Bank bought a new stake in shares of Jeld-Wen during the 4th quarter valued at about $20,316,000. Finally, SG Capital Management LLC bought a new stake in shares of Jeld-Wen during the 4th quarter valued at about $16,140,000. 62.26% of the stock is owned by institutional investors and hedge funds.
JELD-WEN Holding, Inc 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, and aluminum windows.
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