JELD-WEN (NYSE:JELD – Get Free Report) had its price objective hoisted by investment analysts at UBS Group from $1.60 to $1.80 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential downside of 1.04% from the stock’s current price.
JELD has been the subject of several other research reports. Barclays increased their price objective on JELD-WEN from $1.50 to $2.00 and gave the stock an “equal weight” rating in a report on Wednesday. Weiss Ratings reissued a “sell (e+)” rating on shares of JELD-WEN in a research report on Friday, May 22nd. Wall Street Zen downgraded JELD-WEN from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. Finally, The Goldman Sachs Group dropped their target price on shares of JELD-WEN from $1.75 to $1.50 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, JELD-WEN presently has a consensus rating of “Reduce” and a consensus price target of $1.98.
Get Our Latest Analysis on JELD
JELD-WEN Price Performance
JELD-WEN (NYSE:JELD – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.03. JELD-WEN had a negative return on equity of 164.61% and a negative net margin of 16.36%.The firm had revenue of $817.84 million for the quarter, compared to analyst estimates of $792.64 million.
Insiders Place Their Bets
In other news, Director Bruce M. Taten sold 19,483 shares of the stock in a transaction 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 of the company’s stock, valued at $146,342.28. This represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.87% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in JELD-WEN by 66.1% in the 1st quarter. Royal Bank of Canada now owns 53,641 shares of the company’s stock worth $321,000 after purchasing an additional 21,346 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of JELD-WEN by 37.5% in the 1st quarter. AQR Capital Management LLC now owns 375,806 shares of the company’s stock valued at $2,244,000 after purchasing an additional 102,543 shares during the last quarter. Millennium Management LLC lifted its position in JELD-WEN by 42.7% in the first quarter. Millennium Management LLC now owns 902,802 shares of the company’s stock worth $5,390,000 after buying an additional 270,226 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of JELD-WEN by 3.1% in the 1st quarter. Empowered Funds LLC now owns 442,547 shares of the company’s stock worth $2,642,000 after acquiring an additional 13,115 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in JELD-WEN by 82.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,514 shares of the company’s stock worth $2,367,000 after purchasing an additional 179,615 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.
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.
Further Reading
- Five stocks we like better than JELD-WEN
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
- AMD’s Post-Earnings Drop May Be the Opportunity Investors Wanted
Receive News & Ratings for JELD-WEN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JELD-WEN and related companies with MarketBeat.com's FREE daily email newsletter.
