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

JELD-WEN Holding, Inc. (NYSE:JELD) gapped down before the market opened on Wednesday . The stock had previously closed at $7.96, but opened at $7.63. JELD-WEN shares last traded at $7.66, with a volume of 114,369 shares.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Jefferies Financial Group boosted their price target on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. B. Riley decreased their target price on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. UBS Group restated a “neutral” rating and set a $9.00 price objective (down previously from $15.00) on shares of JELD-WEN in a report on Wednesday. The Goldman Sachs Group reduced their price target on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Finally, Barclays dropped their price objective on shares of 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 research analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.88.

JELD-WEN Stock Performance

The stock has a market cap of $650.73 million, a P/E ratio of -4.20 and a beta of 2.16. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The company’s 50-day simple moving average is $10.16 and its 200 day simple moving average is $13.11.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data 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). The business had revenue of $934.70 million during the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The firm’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. As a group, sell-side analysts expect that JELD-WEN Holding, Inc. will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management acquired 200,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were acquired at an average cost of $10.48 per share, for a total transaction of $2,096,000.00. Following the purchase, the insider now 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.03% of the company’s stock.

Hedge Funds Weigh In On JELD-WEN

Several large investors have recently modified their holdings of JELD. Blue Trust Inc. raised 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 in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in JELD-WEN by 102.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company’s stock worth $59,000 after purchasing an additional 2,216 shares during the last quarter. MQS Management LLC purchased a new position in shares of JELD-WEN in the 3rd quarter worth about $160,000. Xponance Inc. purchased a new position in shares of JELD-WEN in the 2nd quarter worth about $198,000. Finally, Diversified Trust Co raised its holdings in shares of JELD-WEN by 8.8% during the 4th quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock valued at $226,000 after buying an additional 2,242 shares in 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.