JELD-WEN (NYSE:JELD) Reaches New 12-Month Low on Disappointing Earnings

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) hit a new 52-week low during trading on Tuesday following a dissappointing earnings announcement. The stock 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.

The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 11.97% and a negative net margin of 3.98%. The firm had revenue of $934.70 million during the quarter, compared to analyst estimates of $990.64 million. During the same quarter last year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was down 13.2% on a year-over-year basis.

Analysts Set New Price Targets

A number of research firms recently issued reports on JELD. Jefferies Financial Group lifted their target price on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. The Goldman Sachs Group lowered their price objective on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday. Barclays cut their target price on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday. Loop Capital decreased their price target on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. Finally, UBS Group cut their price objective on JELD-WEN from $19.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.50.

Institutional Trading of JELD-WEN

A number of hedge funds have recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. raised its position in JELD-WEN by 57.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock valued at $33,200,000 after buying an additional 764,645 shares during the period. Natixis Advisors LLC grew its stake in JELD-WEN by 78.1% during the 3rd quarter. Natixis Advisors LLC now owns 411,660 shares of the company’s stock valued at $6,508,000 after acquiring an additional 180,511 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of JELD-WEN by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 408,487 shares of the company’s stock valued at $6,458,000 after purchasing an additional 20,770 shares during the period. MQS Management LLC purchased a new stake in shares of JELD-WEN in the third quarter worth approximately $160,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after purchasing an additional 2,010,275 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

JELD-WEN Price Performance

The stock has a market capitalization of $918.95 million, a PE ratio of -5.94 and a beta of 2.25. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.53. The stock’s 50-day moving average is $14.72 and its 200 day moving average is $15.03.

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.