JELD-WEN (NYSE:JELD) Shares Gap Down – What’s Next?

JELD-WEN Holding, Inc. (NYSE:JELD)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $8.79, but opened at $8.32. JELD-WEN shares last traded at $7.47, with a volume of 282,536 shares changing hands.

Analysts Set New Price Targets

Several research firms have commented on JELD. Royal Bank of Canada decreased their target price on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a research report on Wednesday, December 18th. The Goldman Sachs Group decreased their price objective on JELD-WEN from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. B. Riley reduced their price target on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. UBS Group reissued a “neutral” rating and set a $9.00 price target (down from $15.00) on shares of JELD-WEN in a report on Wednesday, January 8th. Finally, Barclays reduced their price objective on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, JELD-WEN presently has a consensus rating of “Hold” and an average price target of $12.75.

JELD-WEN Trading Down 23.7 %

The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $567.38 million, a P/E ratio of -3.66 and a beta of 2.17. The firm’s 50-day simple moving average is $8.91 and its 200 day simple moving average is $11.95.

Insider Buying and Selling

In related news, major shareholder Turtle Creek Asset Management acquired 75,000 shares of JELD-WEN stock in a transaction dated Monday, January 13th. The stock was acquired at an average cost of $8.46 per share, with a total value of $634,500.00. Following the purchase, the insider now directly owns 12,320,226 shares in the company, valued at $104,229,111.96. The trade was a 0.61 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 310,000 shares of company stock worth $2,463,500 in the last ninety days. 1.03% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On JELD-WEN

Several hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its holdings in JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after buying an additional 1,284 shares during the period. Diversified Trust Co increased its position in shares of JELD-WEN by 8.8% in the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock worth $226,000 after acquiring an additional 2,242 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of JELD-WEN by 6.3% during the fourth quarter. MetLife Investment Management LLC now owns 51,911 shares of the company’s stock valued at $425,000 after acquiring an additional 3,066 shares during the period. BNP Paribas Financial Markets lifted its position in shares of JELD-WEN by 10.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock valued at $573,000 after acquiring an additional 3,383 shares in the last quarter. Finally, Performa Ltd US LLC boosted its stake in JELD-WEN by 1,580.0% in the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after purchasing an additional 3,950 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

About JELD-WEN

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.