Shares of Jeld-Wen Holding Inc (NYSE:JELD) have earned an average recommendation of “Hold” from the fifteen research firms that are presently covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $37.82.
A number of equities research analysts recently commented on the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $46.00 price target on shares of Jeld-Wen in a report on Tuesday, January 9th. Barclays set a $44.00 price target on shares of Jeld-Wen and gave the stock a “buy” rating in a report on Monday, January 8th. Zacks Investment Research raised shares of Jeld-Wen from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, January 23rd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $47.00 price target (up previously from $41.00) on shares of Jeld-Wen in a report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Citigroup set a $40.00 price target on shares of Jeld-Wen and gave the stock a “neutral” rating in a report on Wednesday, February 14th.
Shares of Jeld-Wen (NYSE JELD) traded up $0.02 during midday trading on Friday, hitting $32.87. The stock had a trading volume of 812,268 shares, compared to its average volume of 953,705. Jeld-Wen has a 12-month low of $27.61 and a 12-month high of $42.27. The stock has a market cap of $3,906.29, a P/E ratio of -821.75, a PEG ratio of 1.08 and a beta of 2.76. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.98 and a quick ratio of 1.28.
Jeld-Wen (NYSE:JELD) last announced its earnings results on Wednesday, February 21st. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.15). The business had revenue of $976.00 million during the quarter, compared to analysts’ expectations of $1 billion. Jeld-Wen had a return on equity of 18.76% and a net margin of 0.29%. The business’s revenue was up .3% on a year-over-year basis. research analysts expect that Jeld-Wen will post 2.22 earnings per share for the current fiscal year.
In other Jeld-Wen news, Vice Chairman Roderick Wendt sold 30,000 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $32.17, for a total transaction of $965,100.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Patrick Wright Tolbert bought 2,860 shares of the stock in a transaction on Wednesday, February 28th. The shares were acquired at an average cost of $30.88 per share, for a total transaction of $88,316.80. Following the acquisition, the director now directly owns 4,343 shares in the company, valued at $134,111.84. The disclosure for this purchase can be found here.
Hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its position in shares of Jeld-Wen by 19.6% during the 4th quarter. BlackRock Inc. now owns 5,132,892 shares of the company’s stock valued at $202,082,000 after purchasing an additional 841,506 shares in the last quarter. Pzena Investment Management LLC grew its position in shares of Jeld-Wen by 21.1% during the 4th quarter. Pzena Investment Management LLC now owns 4,755,987 shares of the company’s stock valued at $187,243,000 after purchasing an additional 829,539 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Jeld-Wen by 31.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,148,097 shares of the company’s stock valued at $112,009,000 after purchasing an additional 762,211 shares in the last quarter. Empire Life Investments Inc. grew its position in shares of Jeld-Wen by 4.8% during the 3rd quarter. Empire Life Investments Inc. now owns 1,647,321 shares of the company’s stock valued at $58,513,000 after purchasing an additional 75,515 shares in the last quarter. Finally, Cannell Peter B & Co. Inc. grew its position in shares of Jeld-Wen by 3.3% during the 3rd quarter. Cannell Peter B & Co. Inc. now owns 1,487,822 shares of the company’s stock valued at $52,847,000 after purchasing an additional 47,112 shares in the last quarter. 53.84% of the stock is currently owned by institutional investors and hedge funds.
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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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