JELD-WEN (NYSE:JELD) Reaches New 52-Week Low – What’s Next?

JELD-WEN Holding, Inc. (NYSE:JELD)’s stock price hit a new 52-week low during mid-day trading 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.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on JELD shares. 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. Barclays reduced their target price on shares of 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. The Goldman Sachs Group dropped their price target on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Jefferies Financial Group lifted their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, UBS Group reiterated a “neutral” rating and issued a $9.00 price objective (down from $15.00) on shares of JELD-WEN in a research report on Wednesday. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $12.88.

JELD-WEN Price Performance

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 company’s fifty day moving average is $10.16 and its two-hundred day moving average is $13.11. The stock has a market cap of $653.27 million, a price-to-earnings ratio of -4.22 and a beta of 2.16.

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

Insider Transactions at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management purchased 200,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were bought at an average price of $10.48 per share, for a total transaction 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. This trade represents a 1.70 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. First Hawaiian Bank lifted its position in shares of JELD-WEN by 26.7% during the 4th quarter. First Hawaiian Bank now owns 70,893 shares of the company’s stock worth $581,000 after purchasing an additional 14,939 shares during the last quarter. Diversified Trust Co lifted its holdings in JELD-WEN by 8.8% during the 4th quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock worth $226,000 after buying an additional 2,242 shares during the last quarter. JPMorgan Chase & Co. boosted 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 acquiring an additional 10,154 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of JELD-WEN by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock valued at $30,771,000 after acquiring an additional 9,468 shares during the last quarter. Finally, K2 Principal Fund L.P. acquired a new stake in shares of JELD-WEN during the 3rd quarter worth about $278,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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.