JELD-WEN (NYSE:JELD) Downgraded by TheStreet to C+

TheStreet cut shares of JELD-WEN (NYSE:JELDGet Rating) from a b- rating to a c+ rating in a report released on Wednesday, TheStreetRatingsTable reports.

Several other research firms have also recently commented on JELD. UBS Group initiated coverage on shares of JELD-WEN in a research note on Wednesday, January 19th. They set a buy rating and a $39.00 target price on the stock. Barclays lowered their target price on shares of JELD-WEN from $30.00 to $28.00 in a research note on Thursday, March 31st. B. Riley lowered their target price on shares of JELD-WEN from $29.00 to $25.00 in a research note on Thursday, February 24th. StockNews.com initiated coverage on shares of JELD-WEN in a research note on Thursday, March 31st. They set a hold rating on the stock. Finally, Stifel Nicolaus lowered their target price on shares of JELD-WEN to $29.00 and set a buy rating on the stock in a research note on Wednesday, February 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, JELD-WEN presently has a consensus rating of Hold and an average price target of $27.44.

Shares of NYSE:JELD opened at $20.37 on Wednesday. The company has a market cap of $1.83 billion, a PE ratio of 11.91 and a beta of 2.36. The company’s 50-day moving average price is $22.09 and its 200 day moving average price is $24.18. JELD-WEN has a fifty-two week low of $18.43 and a fifty-two week high of $31.47. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 1.98.

JELD-WEN (NYSE:JELDGet Rating) last issued its quarterly earnings data on Monday, February 21st. The company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.06). The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.22 billion. JELD-WEN had a net margin of 3.54% and a return on equity of 19.24%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. As a group, equities analysts anticipate that JELD-WEN will post 2.43 EPS for the current year.

In other news, CAO Scott Vining sold 48,499 shares of JELD-WEN stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $23.24, for a total value of $1,127,116.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Castillo sold 20,000 shares of JELD-WEN stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of $20.19, for a total transaction of $403,800.00. Following the completion of the transaction, the executive vice president now directly owns 138,087 shares in the company, valued at $2,787,976.53. The disclosure for this sale can be found here. Insiders bought a total of 1,985,024 shares of company stock worth $43,424,449 in the last ninety days. Corporate insiders own 1.81% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in JELD. Turtle Creek Asset Management Inc. purchased a new position in JELD-WEN during the third quarter valued at approximately $198,638,000. JPMorgan Chase & Co. grew its position in JELD-WEN by 387.0% during the fourth quarter. JPMorgan Chase & Co. now owns 5,609,759 shares of the company’s stock valued at $147,873,000 after purchasing an additional 4,457,808 shares in the last quarter. Norges Bank purchased a new position in JELD-WEN during the fourth quarter valued at approximately $22,937,000. Pzena Investment Management LLC grew its position in JELD-WEN by 13.0% during the third quarter. Pzena Investment Management LLC now owns 7,401,245 shares of the company’s stock valued at $185,253,000 after purchasing an additional 848,614 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in JELD-WEN in the fourth quarter valued at approximately $20,209,000. 95.32% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading

Analyst Recommendations for JELD-WEN (NYSE:JELD)

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