JELD-WEN (NYSE:JELD) Shares Down 5.5% – Should You Sell?

JELD-WEN Holding, Inc. (NYSE:JELD) shares fell 5.5% on Tuesday . The stock 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.

Wall Street Analysts Forecast Growth

JELD has been the topic of several research analyst reports. B. Riley decreased their price target 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. The Goldman Sachs Group lowered their target price on JELD-WEN from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Jefferies Financial Group boosted their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. UBS Group restated a “neutral” rating and set a $9.00 target price (down from $15.00) on shares of JELD-WEN in a report on Wednesday, January 8th. Finally, Barclays reduced their price target on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, JELD-WEN has an average rating of “Hold” and a consensus price target of $12.75.

JELD-WEN Trading Up 2.3 %

The business has a fifty day moving average price of $9.41 and a 200 day moving average price of $12.63. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The firm has a market capitalization of $794.16 million, a price-to-earnings ratio of -5.13 and a beta of 2.16.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The firm had revenue of $934.70 million for the quarter, compared to analysts’ expectations of $990.64 million. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm’s revenue for the quarter was down 13.2% compared to the same quarter last year. As a group, equities analysts forecast that JELD-WEN Holding, Inc. will post 0.73 earnings per share for the current year.

Insiders Place Their Bets

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 200,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was bought at an average cost of $10.48 per share, for a total transaction of $2,096,000.00. Following the completion of the purchase, the insider now directly owns 11,941,452 shares of the company’s stock, valued at approximately $125,146,416.96. The trade was a 1.70 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 960,000 shares of company stock worth $9,086,500 over the last quarter. 1.03% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On JELD-WEN

Institutional investors have recently made changes to their positions in the business. Blue Trust Inc. grew its position in shares of JELD-WEN by 79.8% during the 3rd 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 acquired a new stake in shares of JELD-WEN during the 3rd quarter worth approximately $160,000. Xponance Inc. bought a new stake in shares of JELD-WEN in the 2nd quarter worth approximately $198,000. Leavell Investment Management Inc. acquired a new position in JELD-WEN during the 4th quarter valued at approximately $123,000. Finally, K2 Principal Fund L.P. bought a new position in JELD-WEN during the 3rd quarter worth $278,000. 95.04% of the stock is owned by institutional investors and hedge funds.

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.