JELD-WEN (NYSE:JELD) Reaches New 1-Year Low – What’s Next?

JELD-WEN Holding, Inc. (NYSE:JELD) shares reached a new 52-week low on Tuesday . The stock traded as low as $7.82 and last traded at $7.89, with a volume of 67922 shares trading hands. The stock had previously closed at $7.87.

Analysts Set New Price Targets

JELD has been the topic of a number of research reports. The Goldman Sachs Group dropped their target price on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Barclays reduced their target price on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. UBS Group decreased their target price on JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. B. Riley decreased their price objective on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, Royal Bank of Canada cut their target price on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, JELD-WEN has a consensus rating of “Hold” and an average target price of $13.63.

JELD-WEN Stock Performance

The stock has a fifty day moving average of $10.29 and a 200-day moving average of $13.15. The firm has a market capitalization of $665.96 million, a P/E ratio of -4.30 and a beta of 2.16. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The business had revenue of $934.70 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share. On average, research analysts anticipate that JELD-WEN Holding, Inc. will post 0.73 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Turtle Creek Asset Management purchased 200,000 shares of the stock in a transaction on Thursday, November 7th. The shares were purchased at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the acquisition, the insider now directly owns 11,941,452 shares in the company, valued at $125,146,416.96. The trade was a 1.70 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

A number of large investors have recently made changes to their positions in JELD. Victory Capital Management Inc. grew its holdings in JELD-WEN by 1,167.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after buying an additional 2,010,275 shares in the last quarter. Engine Capital Management LP grew its stake in shares of JELD-WEN by 223.6% in the second quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock valued at $15,656,000 after acquiring an additional 803,095 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake 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 worth $33,200,000 after purchasing an additional 764,645 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in JELD-WEN by 2.8% in the 3rd quarter. Pzena Investment Management LLC now owns 9,582,008 shares of the company’s stock valued at $151,492,000 after purchasing an additional 261,157 shares during the period. Finally, Beaconlight Capital LLC grew its position in shares of JELD-WEN by 227.9% during the 3rd quarter. Beaconlight Capital LLC now owns 277,272 shares of the company’s stock worth $4,384,000 after purchasing an additional 192,724 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Company Profile

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.