JELD-WEN (NYSE:JELD) Price Target Lowered to $13.00 at Royal Bank of Canada

JELD-WEN (NYSE:JELD) had its target price cut by Royal Bank of Canada from $16.00 to $13.00 in a report published on Wednesday morning, Benzinga reports. They currently have an underperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. B. Riley raised their price target on JELD-WEN from $17.00 to $20.00 and gave the company a neutral rating in a report on Wednesday, February 21st. Loop Capital initiated coverage on shares of JELD-WEN in a research note on Thursday, February 15th. They issued a hold rating and a $22.00 price target on the stock. Oppenheimer assumed coverage on shares of JELD-WEN in a research report on Friday, January 19th. They set a market perform rating for the company. UBS Group decreased their target price on JELD-WEN from $22.00 to $19.00 and set a buy rating on the stock in a research report on Wednesday. Finally, Truist Financial lifted their price target on JELD-WEN from $15.00 to $19.00 and gave the stock a hold rating in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, JELD-WEN has an average rating of Hold and an average target price of $18.09.

JELD-WEN Stock Up 0.4 %

Shares of NYSE:JELD traded up $0.05 during midday trading on Wednesday, hitting $14.02. The stock had a trading volume of 1,089,476 shares, compared to its average volume of 625,904. The company has a market cap of $1.21 billion, a P/E ratio of 61.57 and a beta of 2.32. JELD-WEN has a 12 month low of $11.02 and a 12 month high of $21.75. The business’s 50-day simple moving average is $19.34 and its 200-day simple moving average is $17.80. The company has a quick ratio of 1.49, a current ratio of 2.20 and a debt-to-equity ratio of 1.40.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, February 19th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.12. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. JELD-WEN had a net margin of 1.40% and a return on equity of 17.99%. During the same period in the previous year, the business earned $0.47 EPS. On average, sell-side analysts forecast that JELD-WEN will post 1.6 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Turtle Creek Asset Management sold 53,000 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $19.55, for a total transaction of $1,036,150.00. Following the completion of the sale, the insider now directly owns 814,463 shares in the company, valued at approximately $15,922,751.65. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Roderick Wendt sold 10,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $30.76, for a total transaction of $307,600.00. Following the completion of the transaction, the director now directly owns 294,558 shares in the company, valued at $9,060,604.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Turtle Creek Asset Management sold 53,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $19.55, for a total value of $1,036,150.00. Following the sale, the insider now directly owns 814,463 shares in the company, valued at approximately $15,922,751.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 127,000 shares of company stock worth $2,698,610. Insiders own 1.03% of the company’s stock.

Institutional Trading of JELD-WEN

Several hedge funds and other institutional investors have recently made changes to their positions in JELD. Allspring Global Investments Holdings LLC raised its stake in JELD-WEN by 790.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after buying an additional 1,922 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of JELD-WEN during the 4th quarter valued at about $47,000. Quest Partners LLC acquired a new stake in JELD-WEN during the fourth quarter worth approximately $103,000. DekaBank Deutsche Girozentrale bought a new stake in JELD-WEN in the fourth quarter worth approximately $118,000. Finally, International Assets Investment Management LLC acquired a new position in JELD-WEN in the fourth quarter valued at approximately $125,000. 95.04% of the stock is currently owned by institutional investors.

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.