JELD-WEN (NYSE:JELD) Reaches New 1-Year Low - Here's Why

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The company 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

JELD has been the subject of a number of research analyst reports. Jefferies Financial Group upped 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. B. Riley cut their price target on JELD-WEN from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. The Goldman Sachs Group decreased 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. UBS Group cut their target price on JELD-WEN from $19.00 to $15.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada decreased 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. 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $13.63.

JELD-WEN Stock Performance

The stock has a market capitalization of $707.42 million, a P/E ratio of -4.57 and a beta of 2.12. The stock's 50-day simple moving average is $11.51 and its 200 day simple moving average is $13.51. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.08). The company 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 firm's quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter last year, the company posted $0.53 EPS. Research analysts expect that JELD-WEN Holding, Inc. will post 0.73 EPS for the current fiscal year.

Insider Transactions at JELD-WEN

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

Hedge Funds Weigh In On JELD-WEN

Several hedge funds have recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of JELD-WEN during the 2nd quarter valued at approximately $30,000. Blue Trust Inc. boosted its position in JELD-WEN by 79.8% in the third quarter. Blue Trust Inc. now owns 2,893 shares of the company's stock valued at $46,000 after buying an additional 1,284 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of JELD-WEN by 102.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company's stock worth $59,000 after buying an additional 2,216 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of JELD-WEN during the second quarter worth $92,000. Finally, MQS Management LLC bought a new position in shares of JELD-WEN in the 3rd quarter valued at $160,000. 95.04% of the stock is owned by institutional investors.

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.