JELD-WEN (NYSE:JELD) Shares Gap Down – Here’s What Happened

JELD-WEN Holding, Inc. (NYSE:JELD)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $9.80, but opened at $9.54. JELD-WEN shares last traded at $9.49, with a volume of 44,408 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have commented on JELD shares. UBS Group restated a “neutral” rating and issued a $9.00 target price (down previously from $15.00) on shares of JELD-WEN in a research report on Wednesday, January 8th. Jefferies Financial Group boosted their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. The Goldman Sachs Group lowered their target price 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 target on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Finally, 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. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.75.

JELD-WEN Stock Down 2.4 %

The stock has a market cap of $808.97 million, a price-to-earnings ratio of -5.22 and a beta of 2.16. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The business’s fifty day moving average is $9.53 and its two-hundred day moving average is $12.83.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data 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 company had revenue of $934.70 million for 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 firm’s revenue was down 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS. Equities analysts forecast that JELD-WEN Holding, Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management bought 200,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was purchased at an average price of $10.48 per share, for a total transaction of $2,096,000.00. Following the completion of the purchase, the insider now owns 11,941,452 shares in the company, valued at approximately $125,146,416.96. This trade represents a 1.70 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders purchased 960,000 shares of company stock worth $9,086,500. 1.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in JELD-WEN by 79.8% in the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after purchasing an additional 1,284 shares in the last quarter. MQS Management LLC acquired a new position in shares of JELD-WEN in the 3rd quarter valued at $160,000. Xponance Inc. purchased a new position in shares of JELD-WEN in the 2nd quarter valued at $198,000. Diversified Trust Co lifted its position in JELD-WEN by 8.8% in the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock valued at $226,000 after acquiring an additional 2,242 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in JELD-WEN by 13.2% in the second quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock valued at $242,000 after acquiring an additional 2,100 shares in the last quarter. 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.