JELD-WEN (NYSE:JELD) Shares Gap Down – Here’s What Happened

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) gapped down before the market opened on Thursday . The stock had previously closed at $15.74, but opened at $15.27. JELD-WEN shares last traded at $15.27, with a volume of 59,479 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Royal Bank of Canada reissued an “underperform” rating and issued a $13.00 price objective on shares of JELD-WEN in a research note on Wednesday, August 7th. Barclays reduced their price target on shares of JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Jefferies Financial Group raised their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday. The Goldman Sachs Group increased their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Loop Capital dropped their price objective on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.30.

JELD-WEN Trading Up 3.3 %

The business’s 50 day simple moving average is $14.70 and its 200-day simple moving average is $15.79. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33. The stock has a market capitalization of $1.28 billion, a P/E ratio of -34.45 and a beta of 2.24.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.11. The business had revenue of $986.00 million for the quarter, compared to analyst estimates of $1 billion. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The firm’s revenue was down 12.4% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS. As a group, analysts forecast that JELD-WEN Holding, Inc. will post 1.29 EPS for the current year.

Hedge Funds Weigh In On JELD-WEN

Several institutional investors have recently modified their holdings of JELD. Innealta Capital LLC acquired a new position in shares of JELD-WEN in the 2nd quarter valued at $30,000. Allspring Global Investments Holdings LLC increased its holdings in shares of JELD-WEN by 790.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after acquiring an additional 1,922 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of JELD-WEN during the second quarter worth about $92,000. Xponance Inc. bought a new position in shares of JELD-WEN during the 2nd quarter valued at about $198,000. Finally, Sei Investments Co. lifted its holdings in shares of JELD-WEN by 13.2% during the 2nd quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock valued at $242,000 after purchasing an additional 2,100 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.