JELD-WEN (NYSE:JELD) Hits New 1-Year Low on Analyst Downgrade

JELD-WEN Holding, Inc. (NYSE:JELD) hit a new 52-week low during mid-day trading on Thursday after Royal Bank of Canada lowered their price target on the stock from $9.00 to $8.00. Royal Bank of Canada currently has an underperform rating on the stock. JELD-WEN traded as low as $8.65 and last traded at $8.77, with a volume of 994199 shares traded. The stock had previously closed at $9.88.

JELD has been the topic of several other reports. UBS Group reduced their target price 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 dropped their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Jefferies Financial Group boosted their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. B. Riley dropped their price objective 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. Finally, The Goldman Sachs Group cut their price objective on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.63.

Insider Buying and Selling at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management bought 200,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was acquired at an average price of $10.48 per share, for a total transaction of $2,096,000.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of JELD. Geode Capital Management LLC raised its holdings in JELD-WEN by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock worth $30,771,000 after purchasing an additional 9,468 shares during the last quarter. K2 Principal Fund L.P. bought a new position in JELD-WEN in the third quarter valued at approximately $278,000. State Street Corp grew its holdings in 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 acquiring an additional 21,264 shares during the period. Beaconlight Capital LLC raised its position in shares of JELD-WEN by 227.9% during the 3rd quarter. Beaconlight Capital LLC now owns 277,272 shares of the company’s stock valued at $4,384,000 after acquiring an additional 192,724 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of JELD-WEN by 10.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock worth $573,000 after purchasing an additional 3,383 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Stock Down 3.3 %

The business has a fifty day moving average of $12.06 and a 200 day moving average of $13.70. The firm has a market cap of $717.58 million, a P/E ratio of -4.63 and a beta of 2.12. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD) last posted 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 negative net margin of 3.98% and a positive return on equity of 12.32%. The business had revenue of $934.70 million during the quarter, compared to analyst estimates of $990.64 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The firm’s revenue was down 13.2% on a year-over-year basis. On average, equities research analysts predict that JELD-WEN Holding, Inc. will post 0.73 EPS for the current year.

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.