Shares of JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $9.80, but opened at $9.54. JELD-WEN shares last traded at $9.49, with a volume of 44,408 shares changing hands.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. UBS Group reissued a "neutral" rating and set a $9.00 price objective (down from $15.00) on shares of JELD-WEN in a research report on Wednesday, January 8th. B. Riley lowered their price target on shares of JELD-WEN from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. Royal Bank of Canada dropped 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. The Goldman Sachs Group decreased their price objective on shares of JELD-WEN from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group increased their target price on JELD-WEN from $15.00 to $17.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. Based on data from MarketBeat, JELD-WEN presently has a consensus rating of "Hold" and a consensus price target of $12.75.
View Our Latest Research Report on JELD-WEN
JELD-WEN Price Performance
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 has a market capitalization of $812.78 million, a price-to-earnings ratio of -5.25 and a beta of 2.16. The company's 50 day moving average is $9.50 and its 200 day moving average is $12.79.
JELD-WEN (NYSE:JELD - Get Free Report) last posted its 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 firm had revenue of $934.70 million for the quarter, compared to analyst estimates of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The firm's revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. Research analysts anticipate that JELD-WEN Holding, Inc. will post 0.73 EPS for the current fiscal year.
Insider Activity
In related news, major shareholder Turtle Creek Asset Management purchased 450,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average price of $10.06 per share, with a total value of $4,527,000.00. Following the completion of the acquisition, the insider now directly owns 11,751,912 shares in the company, valued at $118,224,234.72. This represents a 3.98 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders bought 960,000 shares of company stock valued at $9,086,500. 1.03% of the stock is currently owned by company insiders.
Institutional Trading of JELD-WEN
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC increased its holdings in shares of JELD-WEN by 88.2% in the fourth quarter. Inspire Investing LLC now owns 49,176 shares of the company's stock valued at $403,000 after purchasing an additional 23,050 shares during the period. SG Americas Securities LLC grew its position in JELD-WEN by 57.1% in the 4th quarter. SG Americas Securities LLC now owns 32,884 shares of the company's stock valued at $269,000 after buying an additional 11,946 shares during the last quarter. Hennessy Advisors Inc. increased its stake in JELD-WEN by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 477,200 shares of the company's stock valued at $3,908,000 after buying an additional 30,400 shares during the period. First Hawaiian Bank raised its position in JELD-WEN by 26.7% during the 4th quarter. First Hawaiian Bank now owns 70,893 shares of the company's stock worth $581,000 after buying an additional 14,939 shares during the last quarter. Finally, Diversified Trust Co lifted its stake in shares of JELD-WEN by 8.8% in the 4th quarter. Diversified Trust Co now owns 27,614 shares of the company's stock worth $226,000 after acquiring an additional 2,242 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.
JELD-WEN Company Profile
(
Get Free Report)
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.
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