JELD-WEN Holding, Inc. (NYSE:JELD) Receives Consensus Recommendation of “Reduce” from Brokerages

JELD-WEN Holding, Inc. (NYSE:JELD) has earned an average recommendation of “Reduce” from the six brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $1.80.

A number of equities research analysts have issued reports on JELD shares. The Goldman Sachs Group decreased their target price on shares of JELD-WEN from $1.75 to $1.50 and set a “neutral” rating for the company in a research note on Friday, July 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of JELD-WEN in a report on Friday, May 22nd. Wall Street Zen cut JELD-WEN from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th. Barclays reduced their price objective on JELD-WEN from $2.50 to $1.50 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. Finally, UBS Group dropped their target price on JELD-WEN from $3.00 to $1.60 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th.

JELD-WEN Price Performance

Shares of NYSE:JELD opened at $1.16 on Thursday. JELD-WEN has a one year low of $0.93 and a one year high of $6.97. The stock has a fifty day moving average of $1.55 and a 200-day moving average of $1.77. The company has a market capitalization of $99.50 million, a PE ratio of -0.20 and a beta of 2.10. The company has a debt-to-equity ratio of 97.65, a quick ratio of 0.93 and a current ratio of 1.68.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.20). JELD-WEN had a negative return on equity of 65.79% and a negative net margin of 16.02%.The company had revenue of $722.12 million for the quarter, compared to analyst estimates of $721.62 million.

Insiders Place Their Bets

In other JELD-WEN news, Director Bruce M. Taten sold 19,483 shares of JELD-WEN stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $1.66, for a total value of $32,341.78. Following the completion of the sale, the director directly owned 88,158 shares in the company, valued at $146,342.28. The trade was a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.87% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Quarry LP acquired a new stake in shares of JELD-WEN in the 3rd quarter valued at $49,000. Performa Ltd US LLC increased its position in JELD-WEN by 73.8% during the fourth quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock worth $32,000 after buying an additional 5,500 shares during the last quarter. Zacks Investment Management acquired a new position in JELD-WEN during the third quarter worth $64,000. GAMMA Investing LLC raised its holdings in JELD-WEN by 264.0% during the fourth quarter. GAMMA Investing LLC now owns 13,443 shares of the company’s stock valued at $33,000 after buying an additional 9,750 shares in the last quarter. Finally, Parkwoods Wealth Partners LLC acquired a new stake in shares of JELD-WEN in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

About JELD-WEN

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.