JELD-WEN (NYSE:JELD) Reaches New 52-Week Low on Analyst Downgrade

JELD-WEN Holding, Inc. (NYSE:JELD)’s stock price reached a new 52-week low on Wednesday after StockNews.com downgraded the stock from a hold rating to a sell rating. The company traded as low as $6.60 and last traded at $6.71, with a volume of 4665783 shares traded. The stock had previously closed at $8.79.

Several other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group reduced their price target on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday. Loop Capital lowered their target price on JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday. UBS Group lowered their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Wednesday. 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 research note on Thursday, November 7th. Finally, Barclays decreased their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, JELD-WEN presently has a consensus rating of “Hold” and an average target price of $9.56.

Insider Buying and Selling

In other news, major shareholder Turtle Creek Asset Management purchased 75,000 shares of the business’s stock in a transaction on Monday, January 13th. The stock was acquired at an average price of $8.46 per share, for a total transaction of $634,500.00. Following the acquisition, the insider now directly owns 12,320,226 shares of the company’s stock, valued at $104,229,111.96. This represents 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. Over the last 90 days, insiders acquired 310,000 shares of company stock worth $2,463,500. 1.03% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On JELD-WEN

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of JELD-WEN by 79.8% during the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after purchasing an additional 1,284 shares during the period. Victory Capital Management Inc. increased its position in shares of JELD-WEN by 1,167.9% in the third 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. MQS Management LLC purchased a new stake in shares of JELD-WEN in the third quarter valued at approximately $160,000. Empowered Funds LLC increased its position in shares of JELD-WEN by 5.4% in the third quarter. Empowered Funds LLC now owns 408,487 shares of the company’s stock valued at $6,458,000 after buying an additional 20,770 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in shares of JELD-WEN by 78.1% during the third quarter. Natixis Advisors LLC now owns 411,660 shares of the company’s stock worth $6,508,000 after purchasing an additional 180,511 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

JELD-WEN Price Performance

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 company has a fifty day simple moving average of $8.65 and a 200-day simple moving average of $11.81.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.20). JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The firm had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. As a group, equities analysts expect that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

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.