JELD-WEN (NYSE:JELD) Hits New 52-Week Low – Here’s Why

JELD-WEN Holding, Inc. (NYSE:JELD) reached a new 52-week low on Wednesday . The company traded as low as $6.60 and last traded at $6.71, with a volume of 4665783 shares. The stock had previously closed at $8.79.

Wall Street Analysts Forecast Growth

JELD has been the subject of a number of research analyst reports. B. Riley lowered their price target on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. UBS Group reiterated a “neutral” rating and set a $9.00 price target (down from $15.00) on shares of JELD-WEN in a report on Wednesday, January 8th. The Goldman Sachs Group lowered their price target on JELD-WEN from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Royal Bank of Canada decreased their target price on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, December 18th. Finally, Barclays decreased their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.75.

JELD-WEN Trading Down 23.7 %

The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The business has a 50-day simple moving average of $8.91 and a 200-day simple moving average of $11.95.

Insider Buying and Selling at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 110,000 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were acquired at an average price of $7.65 per share, for a total transaction of $841,500.00. Following the acquisition, the insider now owns 12,259,784 shares in the company, valued at $93,787,347.60. The trade was a 0.91 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have purchased 310,000 shares of company stock valued at $2,463,500 in the last quarter. Corporate insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Blue Trust Inc. grew its stake in JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after buying an additional 1,284 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of JELD-WEN by 1,167.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after buying an additional 2,010,275 shares during the period. MQS Management LLC acquired a new position in JELD-WEN during the third quarter worth $160,000. Empowered Funds LLC raised its holdings in JELD-WEN by 5.4% during the third quarter. Empowered Funds LLC now owns 408,487 shares of the company’s stock worth $6,458,000 after purchasing an additional 20,770 shares during the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of JELD-WEN by 78.1% in the third quarter. Natixis Advisors LLC now owns 411,660 shares of the company’s stock worth $6,508,000 after acquiring an additional 180,511 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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.