JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report)'s share price reached a new 52-week low during trading on Thursday 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 $8.65 and last traded at $8.77, with a volume of 994199 shares changing hands. The stock had previously closed at $9.88.
JELD has been the subject of several other research reports. The Goldman Sachs Group lowered their target price on shares of JELD-WEN from $17.00 to $10.00 and set a "neutral" rating for the company in a research note on Wednesday, November 6th. Barclays lowered their price objective on shares of JELD-WEN from $13.00 to $10.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 6th. UBS Group cut their target price on shares of JELD-WEN from $19.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. B. Riley lowered their target price on JELD-WEN from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. 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 report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, JELD-WEN presently has a consensus rating of "Hold" and a consensus price target of $14.44.
Read Our Latest Analysis on JELD-WEN
In related news, major shareholder Turtle Creek Asset Management bought 200,000 shares of the stock in a transaction on Thursday, November 7th. The shares were purchased at an average price of $10.48 per share, with a total value of $2,096,000.00. Following the purchase, the insider now owns 11,941,452 shares in the company, valued at approximately $125,146,416.96. This represents a 1.70 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.03% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in JELD. Hennessy Advisors Inc. acquired a new stake in JELD-WEN in the second quarter worth approximately $5,342,000. SummerHaven Investment Management LLC boosted its stake in JELD-WEN by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 42,076 shares of the company's stock valued at $567,000 after buying an additional 1,025 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in JELD-WEN by 19.2% during the second quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company's stock worth $18,400,000 after acquiring an additional 220,177 shares during the period. Allspring Global Investments Holdings LLC raised its position in 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 acquiring an additional 2,216 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in JELD-WEN by 43.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,734 shares of the company's stock valued at $320,000 after acquiring an additional 7,203 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.
The stock's fifty day simple moving average is $12.20 and its two-hundred day simple moving average is $13.73. The company has a market capitalization of $742.12 million, a price-to-earnings ratio of -4.79 and a beta of 2.12. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03.
JELD-WEN (NYSE:JELD - Get Free Report) last issued 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 for 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 company's quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 earnings per share. On average, sell-side analysts anticipate that JELD-WEN Holding, Inc. will post 0.73 EPS for the current year.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider JELD-WEN, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JELD-WEN wasn't on the list.
While JELD-WEN currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.