JELD-WEN (NYSE:JELD) Share Price Crosses Below 50-Day Moving Average - Here's What Happened

Key Points

• JELD-WEN shares crossed below its 50-day moving average, trading as low as $1.96 and last at $2.0050 versus a 50‑day average of $2.54 and a 200‑day average of $3.64 (market cap ~$172.7M).
• The company reported a Q earnings miss with EPS of ($0.42) vs. ($0.23) expected and shows weak fundamentals—negative net margin (‑18.96%), negative ROE (‑29.63%) and a very high debt‑to‑equity ratio (12.47).
• Analysts and investors are cautious: MarketBeat shows an average rating of "Reduce" (six Holds, two Sells) with an average target of $3.35, while institutional ownership is high (~95%) and several hedge funds recently increased positions.

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.54 and traded as low as $1.96. JELD-WEN shares last traded at $2.0050, with a volume of 1,449,343 shares traded.

Analyst Ratings Changes

Several research firms have recently issued reports on JELD. Zacks Research raised JELD-WEN from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 6th. Barclays set a $2.50 price target on shares of JELD-WEN in a research note on Monday, December 8th. Jefferies Financial Group raised their price objective on shares of JELD-WEN from $2.25 to $2.60 and gave the stock a "hold" rating in a research note on Monday, December 15th. Weiss Ratings reiterated a "sell (e+)" rating on shares of JELD-WEN in a report on Monday, December 29th. Finally, Wall Street Zen downgraded JELD-WEN from a "hold" rating to a "strong sell" rating in a research report on Monday, November 10th. Six research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, JELD-WEN has an average rating of "Reduce" and an average target price of $3.35.

JELD-WEN Price Performance

The company has a market capitalization of $172.65 million, a PE ratio of -0.28 and a beta of 1.76. The firm has a fifty day simple moving average of $2.54 and a 200 day simple moving average of $3.64. The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.99 and a current ratio of 1.76.

JELD-WEN (NYSE:JELD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.19). JELD-WEN had a negative net margin of 18.96% and a negative return on equity of 29.63%. The firm had revenue of $801.96 million for the quarter, compared to analysts' expectations of $747.20 million. Equities analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

Institutional Investors Weigh In On JELD-WEN

Hedge funds have recently made changes to their positions in the stock. Miller Value Partners LLC grew its stake in JELD-WEN by 99.8% in the fourth quarter. Miller Value Partners LLC now owns 4,134,210 shares of the company's stock valued at $10,170,000 after purchasing an additional 2,065,370 shares during the last quarter. One Fin Capital Management LP acquired a new stake in JELD-WEN in the fourth quarter valued at approximately $4,920,000. Arrowstreet Capital Limited Partnership purchased a new position in JELD-WEN in the third quarter worth $9,730,000. Federated Hermes Inc. increased its position in shares of JELD-WEN by 94.2% during the second quarter. Federated Hermes Inc. now owns 2,707,888 shares of the company's stock worth $10,615,000 after purchasing an additional 1,313,463 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of JELD-WEN by 76.2% during the 3rd quarter. Millennium Management LLC now owns 2,673,994 shares of the company's stock valued at $13,129,000 after purchasing an additional 1,156,751 shares during the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

About JELD-WEN

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company's portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN's products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.

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