JELD-WEN Holding Inc (NYSE: JELD) is -40.15% lower on its value in year-to-date trading and has touched a low of $8.90 and a high of $21.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The JELD stock was last observed hovering at around $10.96 in the last trading session, with the day’s gains setting it 0.34%.
Currently trading at $11.30, the stock is -17.58% and -22.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.52 million and changing 3.10% at the moment leaves the stock -30.17% off its SMA200. JELD registered -18.06% loss for a year compared to 6-month gain of -23.75%. The firm has a 50-day simple moving average (SMA 50) of $14.5732 and a 200-day simple moving average (SMA200) of $16.21685.
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The stock witnessed a -25.46% loss in the last 1 month and extending the period to 3 months gives it a -20.65%, and is -20.03% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.21% over the week and 4.36% over the month.
JELD-WEN Holding Inc (JELD) has around 17700 employees, a market worth around $1.02B and $3.90B in sales. Fwd P/E is 9.94. Profit margin for the company is -3.68%. Distance from 52-week low is 26.97% and -48.05% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.15%).
with sales reaching $883.62M over the same period.The EPS is expected to shrink by -45.17% this year, but quarterly earnings will post -12.30% year-over-year. Quarterly sales are estimated to shrink -13.50% in year-over-year returns.
JELD-WEN Holding Inc (JELD) Top Institutional Holders
258.0 institutions hold shares in JELD-WEN Holding Inc (JELD), with institutional investors hold 103.03% of the company’s shares. The shares outstanding are 85.31M, and float is at 82.94M with Short Float at 3.13%. Institutions hold 101.44% of the Float.
The top institutional shareholder in the company is TURTLE CREEK ASSET MANAGEMENT INC. with over 13.84 million shares valued at $186.46 million. The investor’s holdings represent 16.1867% of the JELD Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 9.5 million shares valued at $127.99 million to account for 11.1103 of the shares outstanding. The other top investors are PZENA INVESTMENT MANAGEMENT LLC which holds 9.32 million shares representing 10.899% and valued at over $125.55 million, while BLACKROCK INC. holds 10.8748 of the shares totaling 9.3 million with a market value of $125.27 million.
JELD-WEN Holding Inc (JELD) Insider Activity
The most recent transaction is an insider purchase by Turtle Creek Asset Management, the company’s 10% Owner. SEC filings show that Turtle Creek Asset Management bought 450,000 shares of the company’s common stock on Nov 05 ’24 at a price of $10.06 per share for a total of $4.53 million. Following the purchase, the insider now owns 11.75 million shares.
JELD-WEN Holding Inc disclosed in a document filed with the SEC on Nov 06 ’24 that Turtle Creek Asset Management (10% Owner) bought a total of 350,000 shares of the company’s common stock. The trade occurred on Nov 06 ’24 and was made at $10.71 per share for $3.75 million. Following the transaction, the insider now directly holds 11.87 million shares of the JELD stock.
Still, SEC filings show that on Nov 07 ’24, Turtle Creek Asset Management (10% Owner) acquired 200,000 shares at an average price of $10.48 for $2.1 million. The insider now directly holds 11,941,452 shares of JELD-WEN Holding Inc (JELD).
