JELD-WEN (NYSE:JELD) Hits New 12-Month Low – Should You Sell?

JELD-WEN Holding, Inc. (NYSE:JELD) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $7.98 and last traded at $8.06, with a volume of 519540 shares changing hands. The stock had previously closed at $8.21.

Analyst Ratings Changes

Several brokerages have recently weighed in on JELD. UBS Group decreased their target price on shares of JELD-WEN from $19.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Royal Bank of Canada reduced 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. The Goldman Sachs Group decreased their price target on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Barclays lowered their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Finally, Jefferies Financial Group upped their price target on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.63.

JELD-WEN Price Performance

The firm has a market capitalization of $693.04 million, a price-to-earnings ratio of -4.48 and a beta of 2.12. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The business has a 50-day moving average price of $10.67 and a two-hundred day moving average price of $13.27.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The company had revenue of $934.70 million during the quarter, compared to analyst estimates of $990.64 million. During the same period in the prior year, the business earned $0.53 earnings per share. JELD-WEN’s quarterly revenue was down 13.2% on a year-over-year basis. As a group, research analysts forecast that JELD-WEN Holding, Inc. will post 0.73 EPS for the current year.

Insider Buying and Selling at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 200,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were purchased at an average price of $10.48 per share, with a total value of $2,096,000.00. Following the purchase, the insider now directly owns 11,941,452 shares of the company’s stock, valued at approximately $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. 1.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On JELD-WEN

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in shares of JELD-WEN by 8.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 130,078 shares of the company’s stock worth $2,057,000 after buying an additional 10,154 shares in the last quarter. Geode Capital Management LLC raised its holdings in JELD-WEN by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock worth $30,771,000 after purchasing an additional 9,468 shares in the last quarter. K2 Principal Fund L.P. acquired a new stake in JELD-WEN in the third quarter worth approximately $278,000. State Street Corp boosted its stake in JELD-WEN by 1.1% during the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company’s stock valued at $31,594,000 after purchasing an additional 21,264 shares in the last quarter. Finally, Beaconlight Capital LLC increased 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 valued at $4,384,000 after purchasing an additional 192,724 shares during the period. 95.04% of the stock is currently owned by institutional investors.

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.