JELD-WEN (NYSE:JELD) Reaches New 52-Week Low - Here's What Happened

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

Analysts Set New Price Targets

JELD has been the topic of several analyst reports. Jefferies Financial Group lifted their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Barclays reduced 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 research report on Wednesday, November 6th. The Goldman Sachs Group reduced their price objective 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 reduced their price objective on shares of JELD-WEN from $9.00 to $8.00 and set an "underperform" rating on the stock in a research report on Wednesday, December 18th. Finally, UBS Group reduced their price objective on shares of JELD-WEN from $19.00 to $15.00 and set a "buy" rating on the stock in a research 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 given a buy rating to the company's stock. Based on data from MarketBeat, JELD-WEN has an average rating of "Hold" and an average target price of $13.63.

JELD-WEN Trading Up 1.3 %

The stock has a market cap of $674.42 million, a P/E ratio of -4.36 and a beta of 2.16. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The stock's fifty day moving average price is $10.29 and its 200 day moving average price is $13.15.

JELD-WEN (NYSE:JELD - Get Free Report) last announced its quarterly 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). The firm had revenue of $934.70 million during the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The business's revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 EPS. Equities research analysts expect that JELD-WEN Holding, Inc. will post 0.73 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Turtle Creek Asset Management bought 450,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were acquired at an average price of $10.06 per share, for a total transaction of $4,527,000.00. Following the purchase, the insider now owns 11,751,912 shares of the company's stock, valued at approximately $118,224,234.72. The trade was a 3.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On JELD-WEN

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. increased its position in shares of JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company's stock valued at $46,000 after purchasing an additional 1,284 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in JELD-WEN by 102.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company's stock worth $59,000 after acquiring an additional 2,216 shares during the period. MQS Management LLC bought a new position in shares of JELD-WEN in the third quarter worth approximately $160,000. Xponance Inc. purchased a new stake in shares of JELD-WEN in the second quarter worth $198,000. Finally, Diversified Trust Co raised its position in shares of JELD-WEN by 8.8% during the 4th quarter. Diversified Trust Co now owns 27,614 shares of the company's stock valued at $226,000 after purchasing an additional 2,242 shares during the period. 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.