Royal Bank of Canada set a $42.00 price objective on Jeld-Wen (NYSE:JELD) in a research report sent to investors on Wednesday morning. The brokerage currently has a buy rating on the stock.
A number of other analysts also recently weighed in on JELD. Zacks Investment Research raised shares of Jeld-Wen from a hold rating to a buy rating and set a $40.00 target price for the company in a research report on Monday, October 23rd. Barclays raised their price objective on shares of Jeld-Wen from $37.00 to $39.00 and gave the stock an overweight rating in a research report on Wednesday, November 8th. B. Riley raised their price objective on shares of Jeld-Wen from $33.00 to $38.00 and gave the stock a neutral rating in a research report on Wednesday, November 15th. Robert W. Baird reaffirmed a buy rating and set a $46.00 price objective on shares of Jeld-Wen in a research report on Tuesday, January 9th. Finally, Credit Suisse Group reaffirmed an outperform rating and set a $47.00 price objective (up previously from $41.00) on shares of Jeld-Wen in a research report on Monday, January 22nd. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Jeld-Wen currently has an average rating of Buy and a consensus target price of $39.47.
Shares of Jeld-Wen (NYSE:JELD) opened at $37.55 on Wednesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.93 and a quick ratio of 1.28. Jeld-Wen has a 52-week low of $27.61 and a 52-week high of $42.27.
In related news, major shareholder Corp Onex sold 14,211,736 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $32.74, for a total value of $465,292,236.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John R. Linker sold 7,235 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $32.74, for a total value of $236,873.90. Following the completion of the transaction, the senior vice president now owns 14,453 shares in the company, valued at $473,191.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,375,000 shares of company stock valued at $470,637,500.
Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Jeld-Wen by 69.1% in the 2nd quarter. BlackRock Inc. now owns 2,994,158 shares of the company’s stock worth $97,191,000 after purchasing an additional 1,223,534 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Jeld-Wen in the 3rd quarter worth $579,000. Rhumbline Advisers lifted its holdings in shares of Jeld-Wen by 118.2% in the 3rd quarter. Rhumbline Advisers now owns 57,984 shares of the company’s stock worth $2,060,000 after purchasing an additional 31,416 shares in the last quarter. Peregrine Capital Management LLC lifted its holdings in shares of Jeld-Wen by 0.6% in the 4th quarter. Peregrine Capital Management LLC now owns 449,804 shares of the company’s stock worth $17,709,000 after purchasing an additional 2,826 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Jeld-Wen by 40.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,126,737 shares of the company’s stock worth $101,493,000 after purchasing an additional 904,908 shares in the last quarter. Institutional investors own 41.46% of the company’s stock.
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Jeld-Wen Company Profile
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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