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

JELD-WEN Holding, Inc. (NYSE:JELD)’s stock price reached a new 52-week low on Wednesday after StockNews.com downgraded the stock from a hold rating to a sell rating. The stock traded as low as $6.60 and last traded at $6.71, with a volume of 4665783 shares changing hands. The stock had previously closed at $8.79.

Other research analysts also recently issued research reports about the stock. Barclays decreased their price objective on shares of 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. UBS Group reduced their price target on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday. B. Riley dropped their price objective on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. The Goldman Sachs Group reduced their target price on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Loop Capital dropped their price target on JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.56.

Insider Activity

In related news, major shareholder Turtle Creek Asset Management acquired 125,000 shares of the stock in a transaction on Tuesday, January 7th. The shares were purchased at an average price of $7.90 per share, for a total transaction of $987,500.00. Following the purchase, the insider now directly owns 12,042,190 shares in the company, valued at approximately $95,133,301. The trade was a 1.05 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders acquired 310,000 shares of company stock valued at $2,463,500. 1.03% of the stock is owned by company insiders.

Institutional Trading of JELD-WEN

Several large investors have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its position in JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after purchasing an additional 2,010,275 shares during the period. Pzena Investment Management LLC increased its holdings in JELD-WEN by 16.5% in the 4th quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock valued at $91,443,000 after buying an additional 1,583,238 shares during the period. Alberta Investment Management Corp acquired a new position in shares of JELD-WEN in the 4th quarter valued at approximately $9,492,000. Parkwood LLC bought a new stake in shares of JELD-WEN during the 4th quarter worth approximately $8,815,000. Finally, Turtle Creek Asset Management Inc. boosted its position in shares of JELD-WEN by 7.2% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock worth $121,564,000 after acquiring an additional 1,000,000 shares in the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

JELD-WEN Trading Up 4.0 %

The business’s 50 day moving average is $8.65 and its 200-day moving average is $11.81. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). The business had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. As a group, equities analysts predict that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

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.