JELD-WEN (NYSE:JELD – Get Rating) had its target price lowered by B. Riley from $22.00 to $17.00 in a report issued on Tuesday morning, The Fly reports. B. Riley also issued estimates for JELD-WEN’s Q3 2022 earnings at $0.48 EPS, Q4 2022 earnings at $0.55 EPS, FY2022 earnings at $1.53 EPS and FY2023 earnings at $1.66 EPS.
JELD has been the topic of several other research reports. Truist Financial lowered their target price on shares of JELD-WEN from $25.00 to $21.00 in a report on Tuesday, May 3rd. Robert W. Baird decreased their price target on shares of JELD-WEN from $25.00 to $22.00 in a research report on Tuesday, May 3rd. Wells Fargo & Company lowered shares of JELD-WEN from an overweight rating to an equal weight rating and set a $16.00 price objective for the company. in a research report on Tuesday, June 28th. Barclays downgraded shares of JELD-WEN from an overweight rating to an equal weight rating and cut their price target for the stock from $25.00 to $17.00 in a report on Thursday, July 14th. Finally, TheStreet cut shares of JELD-WEN from a b- rating to a c+ rating in a research note on Wednesday, April 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $17.91.
JELD-WEN Price Performance
Shares of JELD-WEN stock opened at $14.14 on Tuesday. The company’s fifty day simple moving average is $16.02 and its two-hundred day simple moving average is $19.57. JELD-WEN has a 12-month low of $12.12 and a 12-month high of $29.89. The company has a quick ratio of 1.29, a current ratio of 2.14 and a debt-to-equity ratio of 2.54. The firm has a market cap of $1.19 billion, a PE ratio of 10.32 and a beta of 2.21.
Insiders Place Their Bets
In other news, major shareholder Turtle Creek Asset Management bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 21st. The stock was acquired at an average price of $13.15 per share, with a total value of $657,500.00. Following the completion of the purchase, the insider now directly owns 10,880,510 shares of the company’s stock, valued at approximately $143,078,706.50. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders have purchased 201,578 shares of company stock valued at $2,767,487 over the last three months. Company insiders own 1.81% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in JELD-WEN by 387.0% in the 4th quarter. JPMorgan Chase & Co. now owns 5,609,759 shares of the company’s stock valued at $147,873,000 after buying an additional 4,457,808 shares during the last quarter. Turtle Creek Asset Management Inc. lifted its position in shares of JELD-WEN by 38.9% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 11,692,075 shares of the company’s stock worth $237,115,000 after buying an additional 3,273,690 shares during the period. Pzena Investment Management LLC lifted its position in shares of JELD-WEN by 12.1% during the 2nd quarter. Pzena Investment Management LLC now owns 8,856,852 shares of the company’s stock worth $129,221,000 after buying an additional 956,559 shares during the period. Allspring Global Investments Holdings LLC bought a new position in JELD-WEN in the 4th quarter valued at $20,209,000. Finally, CI Investments Inc. raised its position in JELD-WEN by 3,742.3% in the 1st quarter. CI Investments Inc. now owns 576,350 shares of the company’s stock valued at $11,688,000 after purchasing an additional 561,350 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on JELD-WEN (JELD)
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