JELD-WEN (NYSE:JELD) Shares Down 3.6%

JELD-WEN Holding, Inc. (NYSE:JELD) shares traded down 3.6% during trading on Friday . The stock traded as low as $13.44 and last traded at $13.44. 90,315 shares traded hands during trading, a decline of 82% from the average session volume of 495,550 shares. The stock had previously closed at $13.94.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. B. Riley increased their price target on shares of JELD-WEN from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, August 10th. StockNews.com assumed coverage on shares of JELD-WEN in a research note on Thursday, August 17th. They set a “buy” rating on the stock. Jefferies Financial Group increased their price target on shares of JELD-WEN from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, July 13th. Royal Bank of Canada increased their price target on shares of JELD-WEN from $12.00 to $13.00 and gave the company an “underperform” rating in a research note on Wednesday, August 9th. Finally, Barclays increased their price objective on shares of JELD-WEN from $16.00 to $18.00 in a report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.88.

JELD-WEN Trading Down 2.1 %

The company’s fifty day simple moving average is $16.03 and its two-hundred day simple moving average is $14.54. The company has a quick ratio of 1.42, a current ratio of 2.06 and a debt-to-equity ratio of 2.09. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 0.99 and a beta of 2.38.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, August 7th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.11. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. JELD-WEN had a net margin of 1.08% and a return on equity of 23.29%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.57 earnings per share. Research analysts forecast that JELD-WEN Holding, Inc. will post 1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JELD-WEN

Several hedge funds have recently bought and sold shares of the company. Alberta Investment Management Corp increased its position in shares of JELD-WEN by 41.5% during the second quarter. Alberta Investment Management Corp now owns 144,823 shares of the company’s stock worth $2,540,000 after acquiring an additional 42,506 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of JELD-WEN by 85.2% during the second quarter. Wells Fargo & Company MN now owns 33,347 shares of the company’s stock worth $585,000 after acquiring an additional 15,337 shares in the last quarter. Royal Bank of Canada increased its position in shares of JELD-WEN by 94.9% during the second quarter. Royal Bank of Canada now owns 135,011 shares of the company’s stock worth $2,369,000 after acquiring an additional 65,752 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of JELD-WEN during the second quarter worth $307,000. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of JELD-WEN by 5.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 17,352 shares of the company’s stock worth $304,000 after acquiring an additional 830 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

JELD-WEN Company Profile

JELD-WEN Holding, Inc designs, manufactures, and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, aluminum, and wood composite windows.