JELD-WEN (NYSE:JELD) Hits New 1-Year Low – Here’s Why

JELD-WEN Holding, Inc. (NYSE:JELD)’s share price reached a new 52-week low on Tuesday . The company traded as low as $9.03 and last traded at $9.05, with a volume of 530772 shares trading hands. The stock had previously closed at $14.13.

Wall Street Analysts Forecast Growth

JELD has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on JELD-WEN from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Royal Bank of Canada restated an “underperform” rating and set a $13.00 price objective on shares of JELD-WEN in a research report on Wednesday, August 7th. Jefferies Financial Group increased their target price on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Barclays reduced their price target on JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Finally, Loop Capital decreased their price objective on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.30.

JELD-WEN Stock Down 27.7 %

The firm has a market cap of $863.15 million, a PE ratio of -22.95 and a beta of 2.25. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.53. The stock has a fifty day simple moving average of $14.88 and a two-hundred day simple moving average of $15.11.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Monday, August 5th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11. The firm had revenue of $986.00 million during the quarter, compared to analyst estimates of $1 billion. JELD-WEN had a negative net margin of 0.92% and a positive return on equity of 14.32%. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. As a group, sell-side analysts expect that JELD-WEN Holding, Inc. will post 1.29 EPS for the current fiscal year.

Institutional Investors Weigh In On JELD-WEN

Institutional investors have recently added to or reduced their stakes in the company. Pzena Investment Management LLC raised its holdings in shares of JELD-WEN by 26.3% during the second quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company’s stock valued at $125,552,000 after acquiring an additional 1,939,052 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of JELD-WEN by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock worth $43,461,000 after acquiring an additional 191,657 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in JELD-WEN by 19.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company’s stock worth $18,400,000 after purchasing an additional 220,177 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in JELD-WEN by 319.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company’s stock valued at $17,985,000 after purchasing an additional 1,017,275 shares during the last quarter. Finally, Engine Capital Management LP grew its holdings in shares of JELD-WEN by 223.6% during the second quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock valued at $15,656,000 after buying an additional 803,095 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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.