JELD-WEN (NYSE:JELD) Reaches New 1-Year Low – Time to Sell?

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $7.98 and last traded at $8.06, with a volume of 519540 shares. The stock had previously closed at $8.21.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JELD. B. Riley lowered their price objective on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. UBS Group lowered their price target on JELD-WEN from $19.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Barclays cut their price objective on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Royal Bank of Canada lowered their target price on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group cut their price target on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.63.

JELD-WEN Trading Down 1.8 %

The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The company has a market cap of $682.04 million, a price-to-earnings ratio of -4.40 and a beta of 2.12. The company’s fifty day moving average is $10.92 and its two-hundred day moving average is $13.35.

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 analysts’ consensus estimates of $0.40 by ($0.08). The business had revenue of $934.70 million during 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%. The firm’s revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 EPS. On average, research analysts anticipate that JELD-WEN Holding, Inc. will post 0.73 EPS for the current year.

Insider Buying and Selling at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management acquired 200,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were acquired at an average price of $10.48 per share, with a total value of $2,096,000.00. Following the purchase, the insider now directly owns 11,941,452 shares of the company’s stock, valued at $125,146,416.96. This trade represents a 1.70 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.03% of the company’s stock.

Institutional Trading of JELD-WEN

A number of hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of JELD-WEN by 8.5% in the third 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 during the period. Geode Capital Management LLC increased its stake 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 purchasing an additional 9,468 shares in the last quarter. K2 Principal Fund L.P. acquired a new position in JELD-WEN in the 3rd quarter worth about $278,000. State Street Corp boosted its position in JELD-WEN by 1.1% during the third quarter. State Street Corp now owns 1,998,363 shares of the company’s stock worth $31,594,000 after purchasing an additional 21,264 shares in the last quarter. Finally, Beaconlight Capital LLC grew its holdings in JELD-WEN by 227.9% in the third quarter. Beaconlight Capital LLC now owns 277,272 shares of the company’s stock valued at $4,384,000 after purchasing an additional 192,724 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

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.