Research analysts at Jefferies Group began coverage on shares of JELD-WEN (NYSE:JELD) in a report issued on Tuesday, The Fly reports. The brokerage set a “hold” rating on the stock.
JELD has been the subject of several other reports. Bank of America reissued a “buy” rating and set a $41.00 price objective (down from $44.00) on shares of JELD-WEN in a report on Thursday, February 22nd. Zacks Investment Research lowered shares of JELD-WEN from a “strong-buy” rating to a “hold” rating in a report on Friday, February 23rd. Credit Suisse Group lowered shares of JELD-WEN from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 28th. Royal Bank of Canada set a $39.00 price objective on shares of JELD-WEN and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Barclays set a $44.00 price objective on shares of JELD-WEN and gave the stock a “buy” rating in a report on Monday, January 8th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. JELD-WEN presently has a consensus rating of “Hold” and an average target price of $39.15.
JELD opened at $30.78 on Tuesday. The firm has a market cap of $3,167.93, a P/E ratio of 20.80, a PEG ratio of 0.96 and a beta of 2.32. JELD-WEN has a twelve month low of $27.61 and a twelve month high of $42.27. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 1.60.
In other news, Vice Chairman Roderick Wendt sold 30,000 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $32.17, for a total value of $965,100.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Patrick Wright Tolbert purchased 2,860 shares of JELD-WEN stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average price of $30.88 per share, for a total transaction of $88,316.80. Following the completion of the transaction, the director now owns 4,343 shares in the company, valued at approximately $134,111.84. The disclosure for this purchase can be found here. Company insiders own 4.55% of the company’s stock.
Several institutional investors have recently bought and sold shares of JELD. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of JELD-WEN by 331.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,522 shares of the company’s stock worth $139,000 after buying an additional 2,706 shares during the last quarter. Strs Ohio bought a new stake in JELD-WEN in the 4th quarter valued at about $149,000. Virtu Financial LLC bought a new stake in JELD-WEN in the 4th quarter valued at about $205,000. First Quadrant L P CA bought a new stake in JELD-WEN in the 4th quarter valued at about $219,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in JELD-WEN by 387.8% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,098 shares of the company’s stock valued at $240,000 after purchasing an additional 4,848 shares during the last quarter. Institutional investors own 59.57% of the company’s stock.
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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