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

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) gapped down prior to trading on Tuesday . The stock had previously closed at $8.79, but opened at $8.32. JELD-WEN shares last traded at $7.47, with a volume of 282,536 shares.

Analysts Set New Price Targets

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

JELD-WEN Stock Performance

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 firm has a market cap of $567.38 million, a P/E ratio of -3.66 and a beta of 2.17. The stock’s 50 day moving average is $8.91 and its two-hundred day moving average is $11.95.

Insider Activity

In related news, major shareholder Turtle Creek Asset Management acquired 125,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was bought at an average cost of $7.90 per share, with a total value of $987,500.00. Following the completion of the acquisition, the insider now owns 12,042,190 shares in the company, valued at $95,133,301. The trade was a 1.05 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders have purchased 310,000 shares of company stock worth $2,463,500. Company insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

Hedge funds have recently made changes to their positions in the company. Blue Trust Inc. grew its stake in JELD-WEN by 79.8% during the third 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. Diversified Trust Co boosted its holdings in shares of JELD-WEN by 8.8% in the 4th quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock worth $226,000 after acquiring an additional 2,242 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of JELD-WEN by 6.3% in the 4th quarter. MetLife Investment Management LLC now owns 51,911 shares of the company’s stock worth $425,000 after acquiring an additional 3,066 shares in the last quarter. BNP Paribas Financial Markets grew its position in JELD-WEN by 10.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock worth $573,000 after acquiring an additional 3,383 shares during the last quarter. Finally, Performa Ltd US LLC increased its holdings in JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after purchasing an additional 3,950 shares in the last quarter. Institutional investors and hedge funds 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.