JELD-WEN (NYSE:JELD) Shares Down 4.7% After Analyst Downgrade

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) shares traded down 4.7% during trading on Wednesday 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 $9.40 and last traded at $9.42. 236,955 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 686,564 shares. The stock had previously closed at $9.88.

Other equities analysts have also recently issued research reports about the stock. B. Riley lowered their target price 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. UBS Group cut their target price on shares of 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 lowered their price target on JELD-WEN from $17.00 to $10.00 and set a "neutral" rating on the stock in a report on Wednesday, November 6th. Jefferies Financial Group lifted their price objective on JELD-WEN from $15.00 to $17.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Finally, 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 research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $14.44.

Insider Activity

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 200,000 shares of the business's stock in a transaction 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 purchase, the insider now owns 11,941,452 shares of the company's stock, valued at approximately $125,146,416.96. This represents a 1.70 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.03% of the company's stock.

Institutional Trading of JELD-WEN

Several institutional investors have recently made changes to their positions in the business. Innealta Capital LLC bought a new stake in JELD-WEN in the 2nd quarter valued at $30,000. Blue Trust Inc. increased its holdings in shares of JELD-WEN by 79.8% in the third quarter. Blue Trust Inc. now owns 2,893 shares of the company's stock worth $46,000 after purchasing an additional 1,284 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of JELD-WEN by 102.4% in 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 in the last quarter. nVerses Capital LLC bought a new position in JELD-WEN during the second quarter valued at approximately $92,000. Finally, MQS Management LLC purchased a new position in JELD-WEN during the 3rd quarter valued at approximately $160,000. Hedge funds and other institutional investors own 95.04% of the company's stock.

JELD-WEN Trading Down 11.2 %

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 firm has a market cap of $742.12 million, a P/E ratio of -4.79 and a beta of 2.12. The stock has a 50 day simple moving average of $12.20 and a 200-day simple moving average of $13.73.

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

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.