JELD-WEN (NYSE:JELD) Downgraded by Stifel Nicolaus to Hold

Stifel Nicolaus downgraded shares of JELD-WEN (NYSE:JELDGet Rating) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning, Marketbeat.com reports. They currently have $17.00 target price on the stock, down from their prior target price of $22.00.

A number of other analysts have also weighed in on JELD. B. Riley lowered their price objective on shares of JELD-WEN from $25.00 to $22.00 in a research note on Tuesday, May 3rd. Royal Bank of Canada lowered shares of JELD-WEN from a sector perform rating to an underperform rating and lowered their price objective for the stock from $20.00 to $12.00 in a research note on Wednesday, June 22nd. The Goldman Sachs Group lowered their price objective on shares of JELD-WEN from $21.00 to $16.00 and set a neutral rating for the company in a research note on Thursday, June 23rd. Robert W. Baird lowered their price objective on shares of JELD-WEN from $25.00 to $22.00 in a research note on Tuesday, May 3rd. Finally, Barclays downgraded shares of JELD-WEN from an overweight rating to an equal weight rating and reduced their target price for the stock from $25.00 to $17.00 in a report on Thursday, July 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $18.00.

JELD-WEN Stock Up 3.5 %

Shares of JELD opened at $15.88 on Tuesday. The firm has a market capitalization of $1.38 billion, a P/E ratio of 10.95 and a beta of 2.21. JELD-WEN has a 12-month low of $12.12 and a 12-month high of $29.89. The company has a current ratio of 2.02, a quick ratio of 1.29 and a debt-to-equity ratio of 2.20. The firm has a fifty day moving average price of $16.25 and a 200-day moving average price of $19.75.

JELD-WEN (NYSE:JELDGet Rating) last issued its earnings results on Monday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. JELD-WEN had a net margin of 2.94% and a return on equity of 18.58%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 earnings per share. Equities research analysts expect that JELD-WEN will post 2.15 earnings per share for the current year.

Insider Activity

In related news, major shareholder Turtle Creek Asset Management acquired 121,815 shares of the business’s stock in a transaction dated Thursday, June 23rd. The shares were purchased at an average price of $13.82 per share, for a total transaction of $1,683,483.30. Following the completion of the acquisition, the insider now directly owns 11,268,303 shares in the company, valued at approximately $155,727,947.46. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.81% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

Several hedge funds have recently modified their holdings of JELD. Point72 Hong Kong Ltd acquired a new position in JELD-WEN in the 4th quarter worth approximately $26,000. Quantbot Technologies LP increased its holdings in JELD-WEN by 182.7% in the 1st quarter. Quantbot Technologies LP now owns 2,951 shares of the company’s stock worth $59,000 after buying an additional 1,907 shares during the period. National Bank of Canada FI acquired a new position in JELD-WEN in the 2nd quarter worth approximately $61,000. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in JELD-WEN by 19.2% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,343 shares of the company’s stock worth $88,000 after buying an additional 539 shares during the period. Finally, Great West Life Assurance Co. Can increased its holdings in JELD-WEN by 24.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 4,383 shares of the company’s stock worth $95,000 after buying an additional 873 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

JELD-WEN Company Profile

(Get Rating)

JELD-WEN Holding, Inc designs, manufactures, and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, aluminum, and wood composite windows.

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