Jeld-Wen Holding Inc (NYSE:JELD) has been given an average rating of “Buy” by the seventeen ratings firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $40.62.
Several research firms have commented on JELD. Zacks Investment Research raised shares of Jeld-Wen from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Monday, October 23rd. Credit Suisse Group reissued an “outperform” rating and set a $47.00 target price (up previously from $41.00) on shares of Jeld-Wen in a research report on Monday, January 22nd. They noted that the move was a valuation call. Citigroup set a $40.00 target price on shares of Jeld-Wen and gave the stock a “neutral” rating in a research report on Wednesday. B. Riley lifted their target price on shares of Jeld-Wen from $33.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 15th. Finally, Barclays lifted their target price on shares of Jeld-Wen from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 8th.
In other news, SVP John R. Linker sold 7,235 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $32.74, for a total transaction of $236,873.90. Following the completion of the sale, the senior vice president now owns 14,453 shares in the company, valued at approximately $473,191.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Corp Onex sold 14,211,736 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $32.74, for a total transaction of $465,292,236.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,375,000 shares of company stock valued at $470,637,500.
Several hedge funds have recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in Jeld-Wen in the 3rd quarter valued at approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Jeld-Wen by 331.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,522 shares of the company’s stock valued at $139,000 after buying an additional 2,706 shares in the last quarter. Strs Ohio purchased a new position in Jeld-Wen in the 4th quarter valued at approximately $149,000. Virtu Financial LLC purchased a new position in Jeld-Wen in the 4th quarter valued at approximately $205,000. Finally, First Quadrant L P CA purchased a new position in Jeld-Wen in the 4th quarter valued at approximately $219,000. Institutional investors own 41.46% of the company’s stock.
Shares of Jeld-Wen (JELD) traded up $0.57 during midday trading on Tuesday, reaching $37.55. 2,521,537 shares of the company traded hands, compared to its average volume of 583,151. Jeld-Wen has a twelve month low of $27.61 and a twelve month high of $42.27. The company has a current ratio of 1.93, a quick ratio of 1.28 and a debt-to-equity ratio of 1.40.
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JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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