JELD-WEN (NYSE:JELD) Sets New 12-Month Low Following Analyst Downgrade

JELD-WEN Holding, Inc. (NYSE:JELD)’s stock price reached a new 52-week low during mid-day trading on Thursday after Royal Bank of Canada lowered their price target on the stock from $9.00 to $8.00. Royal Bank of Canada currently has an underperform rating on the stock. JELD-WEN traded as low as $8.65 and last traded at $8.77, with a volume of 994199 shares trading hands. The stock had previously closed at $9.88.

Other equities analysts also recently issued reports about the company. The Goldman Sachs Group lowered their price objective on JELD-WEN from $17.00 to $10.00 and set a “neutral” 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 report on Thursday, November 7th. UBS Group decreased their price objective on shares of JELD-WEN from $19.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Barclays dropped their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Finally, Jefferies Financial Group lifted their price target on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, JELD-WEN presently has an average rating of “Hold” and an average price target of $13.63.

Insider Buying and Selling

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 200,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were acquired at an average cost of $10.48 per share, for a total transaction of $2,096,000.00. Following the completion of the transaction, the insider now owns 11,941,452 shares in the company, valued at approximately $125,146,416.96. The trade was a 1.70 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.03% of the stock is owned by company insiders.

Institutional Trading of JELD-WEN

Institutional investors and hedge funds have recently bought and sold shares of the business. Innealta Capital LLC purchased a new position in JELD-WEN during the 2nd quarter worth $30,000. 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 worth $46,000 after buying an additional 1,284 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of JELD-WEN by 102.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company’s stock worth $59,000 after buying an additional 2,216 shares during the last quarter. nVerses Capital LLC acquired a new position in JELD-WEN in the 2nd quarter valued at about $92,000. Finally, MQS Management LLC purchased a new stake in JELD-WEN during the 3rd quarter valued at approximately $160,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

JELD-WEN Stock Down 0.7 %

The business has a 50-day simple moving average of $11.80 and a two-hundred day simple moving average of $13.61. The company has a market capitalization of $712.50 million, a price-to-earnings ratio of -4.60 and a beta of 2.12. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03.

JELD-WEN (NYSE:JELD) last issued its quarterly 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). The company had revenue of $934.70 million for the quarter, compared to analyst estimates of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. JELD-WEN’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share. As a group, equities analysts predict that JELD-WEN Holding, Inc. will post 0.73 EPS for the current year.

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.