JELD-WEN (NYSE:JELD) Shares Gap Down – Should You Sell?

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) gapped down prior to trading on Wednesday . The stock had previously closed at $9.80, but opened at $9.54. JELD-WEN shares last traded at $9.49, with a volume of 44,408 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JELD. Barclays decreased their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. B. Riley dropped their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Jefferies Financial Group upped their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group dropped their price target on shares of JELD-WEN from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada reduced their price objective 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. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.75.

JELD-WEN Trading Up 0.7 %

The firm’s 50-day simple moving average is $9.50 and its two-hundred day simple moving average is $12.79. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data 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). The firm had revenue of $934.70 million during the quarter, compared to analysts’ expectations of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The business’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. Equities analysts anticipate that JELD-WEN Holding, Inc. will post 0.73 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Turtle Creek Asset Management acquired 450,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of $10.06 per share, for a total transaction of $4,527,000.00. Following the transaction, the insider now directly owns 11,751,912 shares of the company’s stock, valued at approximately $118,224,234.72. This trade represents a 3.98 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 960,000 shares of company stock worth $9,086,500 in the last three months. Corporate insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

Several hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. boosted its stake 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 valued at $46,000 after acquiring an additional 1,284 shares during the last quarter. MQS Management LLC acquired a new stake in shares of JELD-WEN during the 3rd quarter worth about $160,000. Xponance Inc. purchased a new stake in shares of JELD-WEN during the second quarter worth about $198,000. Diversified Trust Co raised 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 valued at $226,000 after buying an additional 2,242 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of JELD-WEN by 13.2% during the second quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock valued at $242,000 after buying an additional 2,100 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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.