JELD-WEN (NYSE:JELD) Stock Price Down 5.5% - Here's Why

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) fell 5.5% during trading on Tuesday . The company traded as low as $9.36 and last traded at $9.33. 120,692 shares traded hands during trading, a decline of 84% from the average session volume of 732,529 shares. The stock had previously closed at $9.88.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on JELD shares. UBS Group restated a "neutral" rating and issued a $9.00 price objective (down from $15.00) on shares of JELD-WEN in a report on Wednesday, January 8th. The Goldman Sachs Group lowered their price target on shares of JELD-WEN from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. B. Riley reduced their price objective on JELD-WEN from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. Barclays lowered their target price on JELD-WEN from $13.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group raised their price target on JELD-WEN from $15.00 to $17.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $12.75.

JELD-WEN Trading Down 4.9 %

The firm has a market cap of $753.96 million, a PE ratio of -4.87 and a beta of 2.16. The firm has a fifty day simple moving average of $9.37 and a two-hundred day simple moving average of $12.56. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64.

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 business had revenue of $934.70 million during the quarter, compared to analysts' expectations 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 was down 13.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. Equities analysts forecast that JELD-WEN Holding, Inc. will post 0.73 EPS for the current year.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management acquired 450,000 shares of the stock in a transaction on 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 transaction, the insider now owns 11,751,912 shares of the company's stock, valued at $118,224,234.72. This represents a 3.98 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have purchased 960,000 shares of company stock valued at $9,086,500. Corporate insiders own 1.03% of the company's stock.

Institutional Trading of JELD-WEN

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. raised its stake in JELD-WEN by 79.8% during 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 during the last quarter. MQS Management LLC purchased a new position in shares of JELD-WEN in the 3rd quarter worth about $160,000. Leavell Investment Management Inc. purchased a new position in shares of JELD-WEN in the 4th quarter worth about $123,000. K2 Principal Fund L.P. bought a new position in JELD-WEN in the 3rd quarter worth about $278,000. Finally, Sei Investments Co. grew its position in JELD-WEN by 13.2% during the 2nd quarter. Sei Investments Co. now owns 17,999 shares of the company's stock valued at $242,000 after purchasing an additional 2,100 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

About JELD-WEN

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.