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

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The stock traded as low as $7.98 and last traded at $8.06, with a volume of 519540 shares traded. The stock had previously closed at $8.21.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JELD. Barclays decreased their price target on shares of JELD-WEN from $13.00 to $10.00 and set an "equal weight" rating for the company in a report on Wednesday, November 6th. 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 research report on Wednesday, November 6th. The Goldman Sachs Group dropped their price target on JELD-WEN from $17.00 to $10.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 6th. Jefferies Financial Group raised their price objective on JELD-WEN from $15.00 to $17.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Finally, B. Riley dropped their target price on JELD-WEN from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned 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.

JELD-WEN Price Performance

The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The stock has a fifty day simple moving average of $10.79 and a 200-day simple moving average of $13.31. The company has a market capitalization of $693.04 million, a price-to-earnings ratio of -4.48 and a beta of 2.12.

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

Insiders Place Their Bets

In related news, major shareholder Turtle Creek Asset Management bought 450,000 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average price of $10.06 per share, with a total value of $4,527,000.00. Following the completion of the purchase, the insider now directly owns 11,751,912 shares of the company's stock, valued at approximately $118,224,234.72. This trade represents a 3.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On JELD-WEN

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in JELD-WEN by 8.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 130,078 shares of the company's stock valued at $2,057,000 after purchasing an additional 10,154 shares in the last quarter. Geode Capital Management LLC lifted its stake in JELD-WEN by 0.5% in 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 in the last quarter. K2 Principal Fund L.P. acquired a new position in shares of JELD-WEN during the 3rd quarter worth approximately $278,000. State Street Corp lifted 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 buying an additional 21,264 shares in the last quarter. Finally, Beaconlight Capital LLC grew its holdings in shares of 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 currently owned by institutional investors and hedge funds.

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.