JELD-WEN (NYSE:JELD) Hits New 12-Month Low – Should You Sell?

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $8.15 and last traded at $8.36, with a volume of 173760 shares traded. The stock had previously closed at $8.23.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. B. Riley decreased their price target 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 decreased their target price on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada dropped their price target 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. UBS Group decreased their price objective on shares of JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Barclays cut 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, November 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, JELD-WEN presently has a consensus rating of “Hold” and an average target price of $13.63.

JELD-WEN Stock Performance

The stock has a market capitalization of $709.12 million, a PE ratio of -4.58 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. The firm’s 50 day moving average is $11.36 and its two-hundred day moving average is $13.47.

JELD-WEN (NYSE:JELD) last posted 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 company had revenue of $934.70 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the company posted $0.53 EPS. As a group, research analysts predict that JELD-WEN Holding, Inc. will post 0.73 earnings per share for the current year.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management acquired 200,000 shares of JELD-WEN 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 acquisition, the insider now 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

Several large investors have recently bought and sold shares of the business. Pzena Investment Management LLC boosted its position in shares of JELD-WEN by 2.8% during the 3rd quarter. Pzena Investment Management LLC now owns 9,582,008 shares of the company’s stock worth $151,492,000 after acquiring an additional 261,157 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in JELD-WEN by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock valued at $43,461,000 after purchasing an additional 191,657 shares in the last quarter. Victory Capital Management Inc. increased its stake in JELD-WEN by 1,167.9% in the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after purchasing an additional 2,010,275 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in JELD-WEN by 57.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock worth $33,200,000 after purchasing an additional 764,645 shares in the last quarter. Finally, State Street Corp lifted its position in shares of JELD-WEN by 1.1% during the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company’s stock worth $31,594,000 after buying an additional 21,264 shares during the last quarter. 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.