JELD-WEN (NYSE:JELD) Given New $2.00 Price Target at Royal Bank of Canada

JELD-WEN (NYSE:JELD) had its price objective decreased by investment analysts at Royal Bank of Canada from $5.00 to $2.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “underperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential downside of 49.48% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. StockNews.com upgraded shares of JELD-WEN from a “sell” rating to a “hold” rating in a research note on Tuesday. The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $6.00 to $5.25 and set a “neutral” rating for the company in a research report on Wednesday. Loop Capital lowered their price objective on JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. Truist Financial decreased their target price on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Finally, UBS Group dropped their price objective on JELD-WEN from $7.50 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.34.

JELD-WEN Stock Performance

JELD opened at $3.96 on Wednesday. The business’s 50-day moving average price is $5.58 and its two-hundred day moving average price is $8.22. JELD-WEN has a 1 year low of $3.95 and a 1 year high of $17.70. The company has a market capitalization of $337.96 million, a price-to-earnings ratio of -1.78 and a beta of 1.86. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.02. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The firm had revenue of $776.00 million for the quarter, compared to analyst estimates of $769.25 million. During the same period in the previous year, the business earned $0.21 EPS. The company’s revenue was down 19.1% compared to the same quarter last year. Equities analysts expect that JELD-WEN will post 0.88 EPS for the current fiscal year.

Insider Buying and Selling at JELD-WEN

In related news, Director David G. Nord bought 20,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were purchased at an average cost of $5.96 per share, with a total value of $119,200.00. Following the acquisition, the director now owns 40,000 shares of the company’s stock, valued at $238,400. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Turtle Creek Asset Management purchased 72,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was purchased at an average price of $6.08 per share, for a total transaction of $437,760.00. Following the transaction, the insider now directly owns 701,934 shares in the company, valued at approximately $4,267,758.72. This trade represents a 11.43 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 864,404 shares of company stock worth $4,662,392. 1.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On JELD-WEN

A number of institutional investors and hedge funds have recently modified their holdings of JELD. Turtle Creek Asset Management Inc. lifted its position in shares of JELD-WEN by 7.2% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock valued at $121,564,000 after acquiring an additional 1,000,000 shares during the period. Pzena Investment Management LLC increased its stake in JELD-WEN by 16.5% in the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock valued at $91,443,000 after purchasing an additional 1,583,238 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of JELD-WEN by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company’s stock valued at $69,984,000 after purchasing an additional 101,944 shares during the period. American Century Companies Inc. boosted its position in shares of JELD-WEN by 12.3% during the 4th quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock worth $47,305,000 after purchasing an additional 634,101 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of JELD-WEN by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,701,950 shares of the company’s stock valued at $30,319,000 after buying an additional 146,581 shares during the period. 95.04% of the stock is currently owned by institutional investors.

About JELD-WEN

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.