JELD-WEN (NYSE:JELD) Hits New 1-Year Low – Here’s What Happened

by · The Cerbat Gem

JELD-WEN Holding, Inc. (NYSE:JELD – Get Free Report)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $7.82 and last traded at $7.89, with a volume of 67922 shares. The stock had previously closed at $7.87.

Analysts Set New Price Targets

Several research firms have recently weighed in on JELD. Jefferies Financial Group boosted their target price on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada cut their price objective on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research report on Wednesday, December 18th. B. Riley lowered their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. The Goldman Sachs Group dropped their price target on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Finally, UBS Group reissued a “neutral” rating and issued a $9.00 price objective (down previously from $15.00) on shares of JELD-WEN in a research note on Wednesday. One investment analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.88.

Get Our Latest Research Report on JELD

JELD-WEN Trading Down 3.0 %

The firm has a market cap of $653.27 million, a PE ratio of -4.22 and a beta of 2.16. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The stock’s fifty day simple moving average is $10.16 and its 200-day simple moving average is $13.11.

JELD-WEN (NYSE:JELD – Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). The firm had revenue of $934.70 million during the quarter, compared to analysts’ expectations of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, sell-side analysts forecast that JELD-WEN Holding, Inc. will post 0.73 earnings per share for the current year.

Insider Transactions at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 450,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average cost of $10.06 per share, for a total transaction of $4,527,000.00. Following the transaction, the insider now directly owns 11,751,912 shares of the company’s stock, valued at approximately $118,224,234.72. The trade was a 3.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of JELD. Pzena Investment Management LLC grew its holdings in shares of JELD-WEN by 2.8% during the third quarter. Pzena Investment Management LLC now owns 9,582,008 shares of the company’s stock worth $151,492,000 after buying an additional 261,157 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in JELD-WEN by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock worth $43,461,000 after acquiring an additional 191,657 shares during the last quarter. Victory Capital Management Inc. grew its stake in JELD-WEN by 1,167.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after acquiring an additional 2,010,275 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in JELD-WEN by 57.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock valued at $33,200,000 after acquiring an additional 764,645 shares during the last quarter. Finally, State Street Corp lifted its stake in JELD-WEN by 1.1% in the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company’s stock worth $31,594,000 after purchasing an additional 21,264 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

About JELD-WEN

(Get Free Report)

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.

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