JELD-WEN (NYSE:JELD) Sets New 12-Month Low Following Weak Earnings

JELD-WEN Holding, Inc. (NYSE:JELD) hit a new 52-week low during mid-day trading on Tuesday following a weaker than expected earnings announcement. The company traded as low as $9.03 and last traded at $9.05, with a volume of 530772 shares trading hands. The stock had previously closed at $14.13.

The company reported $0.32 EPS 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 11.97%. The firm’s revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 EPS.

Analyst Ratings Changes

JELD has been the topic of a number of research reports. UBS Group dropped their target price on JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday. Jefferies Financial Group upped their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada cut their price objective on JELD-WEN from $13.00 to $9.00 and set an “underperform” rating for the company in a report on Wednesday. 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 research report on Wednesday. Finally, Loop Capital reduced their price target on JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.50.

Institutional Investors Weigh In On JELD-WEN

Institutional investors and hedge funds have recently bought and sold shares of the business. Innealta Capital LLC bought a new position in JELD-WEN during the second quarter worth about $30,000. Allspring Global Investments Holdings LLC raised its stake in JELD-WEN by 790.9% during 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. 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 valued at $46,000 after acquiring an additional 1,284 shares during the period. nVerses Capital LLC acquired a new stake in shares of JELD-WEN in the 2nd quarter valued at $92,000. Finally, MQS Management LLC acquired a new stake in shares of JELD-WEN during the 3rd quarter worth about $160,000. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Stock Performance

The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $918.95 million, a price-to-earnings ratio of -5.94 and a beta of 2.25. The stock’s 50-day simple moving average is $14.72 and its 200 day simple moving average is $15.03.

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.