In yesterday’s Wall Street session, JELD-WEN Holding Inc. (NYSE:JELD) shares traded at $11.36, down -0.53% from the previous session.
14 analysts cover JELD-WEN Holding Inc. (NYSE:JELD), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $15.50 and a low of $7.00, we find $11.00. Given the previous closing price of $11.42, this indicates a potential downside of -3.68 percent. JELD stock price is now 12.05% away from the 50-day moving average and -16.08% away from the 200-day moving average. The market capitalization of the company currently stands at $973.21M.
The stock has received a hold rating from 11 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $10.71 as their price target over the next twelve months.
With the price target maintained at $9.50, JP Morgan recently Upgraded its rating from Underweight to Neutral for JELD-WEN Holding Inc. (NYSE: JELD). On November 08, 2022, Wolfe Research Downgraded its previous ‘Peer Perform’ rating to ‘Underperform’ on the stock keeping its target price maintained at $7, while ‘Credit Suisse’ rates the stock as ‘Neutral’.
In other news, Turtle Creek Asset Management, 10% Owner bought 5,200 shares of the company’s stock on Dec 30. The stock was bought for $49,860 at an average price of $9.59. Upon completion of the transaction, the 10% Owner now directly owns 143,100 shares in the company, valued at $1.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01, 10% Owner Turtle Creek Asset Management bought 3,100 shares of the business’s stock. A total of $32,922 was incurred on buying the stock at an average price of $10.62. This leaves the insider owning 57,800 shares of the company worth $0.66 million. Insiders disposed of 193,196 shares of company stock worth roughly $2.19 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in JELD stock. A new stake in JELD-WEN Holding Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $24,291,000. TOWLE & CO invested $23,961,000 in shares of JELD during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in JELD-WEN Holding Inc. valued at approximately $7,959,000. INVENOMIC CAPITAL MANAGEMENT LP acquired a new stake in JELD for approximately $4,245,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC purchased a new stake in JELD valued at around $4,045,000 in the second quarter. In total, there are 232 active investors with 97.20% ownership of the company’s stock.
On Wednesday morning JELD-WEN Holding Inc. (NYSE: JELD) stock kicked off with the opening price of $11.49. During the past 12 months, JELD-WEN Holding Inc. has had a low of $8.38 and a high of $25.35. As of last week, the company has a debt-to-equity ratio of 2.90, a current ratio of 2.00, and a quick ratio of 1.20. The fifty day moving average price for JELD is $10.14 and a two-hundred day moving average price translates $13.54 for the stock.
The latest earnings results from JELD-WEN Holding Inc. (NYSE: JELD) was released for Jun, 2022. According to the Building Products & Equipment Company, earnings per share came in at $0.57, missing analysts’ expectations of $0.64 by -0.07. This compares to $0.41 EPS in the same period last year. The net profit margin was 1.10% and return on equity was 7.20% for JELD. The company reported revenue of $1.3 billion for the quarter, compared to $1.15 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.01 percent. For the current quarter, analysts expect JELD to generate $1.22B in revenue.
JELD-WEN Holding Inc.(JELD) Company Profile
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. It also provides other ancillary products and services, such as shower enclosures and wardrobes, moldings, trim boards, lumber, cutstocks, glasses, staircases, hardware and locks, cabinets, and screens, as well as molded door skins, and miscellaneous installation and other services. The company markets its products under the JELD-WEN, Swedoor, DANA, Corinthian, Stegbar, LaCantina, VPI, and Breezway brands. It serves wholesale distributors and retailers, as well as individual contractors and consumers. The company was founded in 1960 and is headquartered in Charlotte, North Carolina.