JELD-WEN (NYSE:JELD) Reaches New 52-Week Low – Time to Sell?

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) reached a new 52-week low on Tuesday . The company traded as low as $7.82 and last traded at $7.89, with a volume of 67922 shares traded. The stock had previously closed at $7.87.

Analysts Set New Price Targets

JELD has been the subject of a number of research analyst reports. 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 note on Wednesday, December 18th. B. Riley cut their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Jefferies Financial Group boosted their price objective on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. The Goldman Sachs Group reduced their target price on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Finally, 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.63.

JELD-WEN Price Performance

The company has a market cap of $665.96 million, a price-to-earnings ratio of -4.30 and a beta of 2.16. 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’s 50 day moving average price is $10.29 and its 200-day moving average price is $13.15.

JELD-WEN (NYSE:JELD) last announced its earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The company had revenue of $934.70 million for the quarter, compared to analyst estimates of $990.64 million. During the same period last year, the firm earned $0.53 earnings per share. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. On average, equities research analysts forecast that JELD-WEN Holding, Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Transactions at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management bought 200,000 shares of the stock in a transaction on Thursday, November 7th. The shares were purchased at an average price of $10.48 per share, for a total transaction of $2,096,000.00. Following the completion of 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.03% of the stock is owned by insiders.

Institutional Investors Weigh In On JELD-WEN

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. grew its position 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 worth $34,504,000 after acquiring an additional 2,010,275 shares in the last quarter. Geode Capital Management LLC increased its position in JELD-WEN by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock worth $30,771,000 after buying an additional 9,468 shares during the last quarter. Edgestream Partners L.P. bought a new position in JELD-WEN during the second quarter valued at about $817,000. Vaughan Nelson Investment Management L.P. lifted its position in shares of JELD-WEN by 57.3% in 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 buying an additional 764,645 shares during the last quarter. Finally, Engine Capital Management LP boosted its stake in shares of JELD-WEN by 223.6% during the 2nd quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock worth $15,656,000 after acquiring an additional 803,095 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

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.