Jeld-Wen (NYSE:JELD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday, January 10th. The firm presently has a $46.00 price target on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 19.17% from the company’s previous close.
According to Zacks, “JELD-WEN Holding, Inc. designs, produces and distributes interior and exterior doors, wood, vinyl and aluminum windows and related products for new construction and repair and remodeling of residential homes and non-residential buildings. The company’s brand portfolio includes JELD-WEN (R), Swedoor (R), DANA (R), Corinthian (R), Stegbar (R) and Trend (R). It operates primarily in North America, Europe and Australia. JELD-WEN Holding, Inc. is headquartered in Charlotte, North Carolina. “
A number of other analysts have also issued reports on the stock. Robert W. Baird reiterated a “buy” rating and set a $46.00 price objective on shares of Jeld-Wen in a research note on Tuesday, January 9th. Barclays set a $44.00 price objective on shares of Jeld-Wen and gave the company a “buy” rating in a research note on Monday, January 8th. B. Riley lifted their price objective on shares of Jeld-Wen from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, November 15th. ValuEngine lowered shares of Jeld-Wen from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, SunTrust Banks reiterated a “hold” rating on shares of Jeld-Wen in a research note on Tuesday, September 12th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $38.80.
Jeld-Wen (NYSE:JELD) traded down $0.96 during midday trading on Wednesday, reaching $38.60. 467,820 shares of the company traded hands, compared to its average volume of 437,497. Jeld-Wen has a 52-week low of $26.83 and a 52-week high of $42.27. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.93 and a quick ratio of 1.28. The stock has a market capitalization of $4,070.00 and a price-to-earnings ratio of -17.47.
Jeld-Wen (NYSE:JELD) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Jeld-Wen had a net margin of 9.12% and a return on equity of 58.83%. The firm had revenue of $991.40 million for the quarter, compared to analyst estimates of $974.98 million. The company’s revenue was up 6.3% compared to the same quarter last year. sell-side analysts anticipate that Jeld-Wen will post 1.62 earnings per share for the current fiscal year.
In other news, Chairman Kirk S. Hachigian sold 156,029 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $32.74, for a total transaction of $5,108,389.46. Following the completion of the sale, the chairman now owns 413,930 shares of the company’s stock, valued at $13,552,068.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Corp Onex sold 20,832,636 shares of Jeld-Wen stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $32.74, for a total transaction of $682,060,502.64. The disclosure for this sale can be found here. Insiders have sold 47,672,683 shares of company stock valued at $1,560,803,641 in the last three months.
A number of institutional investors have recently added to or reduced their stakes in JELD. Great West Life Assurance Co. Can acquired a new position in Jeld-Wen in the second quarter worth $236,000. Schwab Charles Investment Management Inc. boosted its holdings in Jeld-Wen by 355.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 135,093 shares of the company’s stock worth $4,386,000 after purchasing an additional 105,445 shares during the period. Rhumbline Advisers acquired a new position in Jeld-Wen in the second quarter worth $862,000. Bank of New York Mellon Corp boosted its holdings in Jeld-Wen by 26.5% in the second quarter. Bank of New York Mellon Corp now owns 92,424 shares of the company’s stock worth $3,000,000 after purchasing an additional 19,355 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Jeld-Wen by 177.8% in the second quarter. Legal & General Group Plc now owns 11,056 shares of the company’s stock worth $359,000 after purchasing an additional 7,076 shares during the period. 40.86% of the stock is owned by hedge funds and other institutional investors.
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JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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