Jeld-Wen (JELD) Stock Price Up -1.3%

Jeld-Wen Holding Inc (NYSE:JELD) rose 1.3% on Friday . The stock traded as high as $25.41 and last traded at $24.89. Approximately 67,765 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 699,168 shares. The stock had previously closed at $25.23.

JELD has been the subject of several analyst reports. Jefferies Financial Group initiated coverage on Jeld-Wen in a report on Tuesday, April 17th. They issued a “hold” rating and a $32.00 target price for the company. Zacks Investment Research upgraded Jeld-Wen from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, May 1st. Barclays set a $37.00 target price on Jeld-Wen and gave the stock a “buy” rating in a report on Tuesday, May 8th. Bank of America lowered Jeld-Wen from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a report on Monday, May 14th. Finally, ValuEngine lowered Jeld-Wen from a “hold” rating to a “sell” rating in a report on Wednesday, June 13th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $33.31.

The firm has a market capitalization of $2.67 billion, a P/E ratio of 16.61, a P/E/G ratio of 0.73 and a beta of 2.00. The company has a quick ratio of 1.13, a current ratio of 2.03 and a debt-to-equity ratio of 1.91.

Jeld-Wen (NYSE:JELD) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.11). Jeld-Wen had a return on equity of 20.44% and a net margin of 0.82%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. equities research analysts expect that Jeld-Wen Holding Inc will post 1.86 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Pzena Investment Management LLC increased its position in shares of Jeld-Wen by 19.6% during the second quarter. Pzena Investment Management LLC now owns 6,792,253 shares of the company’s stock valued at $194,191,000 after purchasing an additional 1,112,746 shares during the period. Hound Partners LLC increased its position in shares of Jeld-Wen by 1,758.2% during the first quarter. Hound Partners LLC now owns 5,326,194 shares of the company’s stock valued at $163,088,000 after purchasing an additional 5,039,555 shares during the period. BlackRock Inc. increased its position in shares of Jeld-Wen by 5.3% during the second quarter. BlackRock Inc. now owns 5,123,761 shares of the company’s stock valued at $146,490,000 after purchasing an additional 257,406 shares during the period. IMS Capital Management increased its position in shares of Jeld-Wen by 33.0% during the second quarter. IMS Capital Management now owns 1,918,801 shares of the company’s stock valued at $54,859,000 after purchasing an additional 475,707 shares during the period. Finally, Cannell Peter B & Co. Inc. increased its position in shares of Jeld-Wen by 11.6% during the first quarter. Cannell Peter B & Co. Inc. now owns 1,520,187 shares of the company’s stock valued at $46,548,000 after purchasing an additional 158,075 shares during the period. Institutional investors own 61.88% of the company’s stock.

Jeld-Wen Company Profile

JELD-WEN Holding, Inc 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, and aluminum windows.

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