Holdings of JELD-WEN Holding Inc. (JELD) are aligned with the stars

JELD-WEN Holding Inc. (NYSE: JELD) stock fell -2.75% on Friday to $9.54 against a previous-day closing price of $9.81. With 1.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.25 million shares. During the session, the Building Products & Equipment company that operates in wider Industrials sector, reached to the highest price of $9.95 whereas the lowest price it dropped to was $9.52. The 52-week range on JELD shows that it touched its highest point at $28.30 and its lowest point at $9.60 during that stretch. It currently has a 1-year price target of $16.08. Beta for the stock currently stands at 2.30.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of JELD was down-trending over the past week, with a drop of -4.50%, but this was down by -21.35% over a month. Three-month performance dropped to -28.43% while six-month performance fell -59.42%. The stock lost -61.59% in the past year, while it has lost -63.81% so far this year. A look at the trailing 12-month EPS for JELD yields 1.39 with Next year EPS estimates of 1.84. For the next quarter, that number is 0.46. This implies an EPS growth rate of 90.50% for this year and 7.74% for next year. EPS is expected to grow by 29.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 31.40%.

Float and Shares Shorts:

At present, 87.22 million JELD shares are outstanding with a float of 83.06 million shares on hand for trading. On Aug 30, 2022, short shares totaled 2.42 million, which was 2.87% higher than short shares on Jul 28, 2022. In addition to Ms. Roya Behnia as the firm’s Exec. VP, Chief Legal Officer & Corp. Affairs, Mr. Kevin C. Lilly serves as its Interim CEO, Exec. VP & Chief Information Officer.

Institutional Ownership:

Through their ownership of 103.29% of JELD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 53.91% of JELD, in contrast to 47.24% held by mutual funds. Shares owned by individuals account for 39.73%. As the largest shareholder in JELD with 15.81% of the stake, Turtle Creek Asset Management, In holds 13,318,870 shares worth 13,318,870. A second-largest stockholder of JELD, Fidelity Management & Research Co, holds 11,632,883 shares, controlling over 13.81% of the firm’s shares. Pzena Investment Management LLC is the third largest shareholder in JELD, holding 8,856,852 shares or 10.51% stake. With a 7.86% stake in JELD, the Undiscovered Managers Behavioral is the largest stakeholder. A total of 6,619,946 shares are owned by the mutual fund manager. The Fidelity Value Fund, which owns about 4.16% of JELD stock, is the second-largest Mutual Fund holder. It holds 3,503,155 shares valued at 39.06 million. Vanguard Selected Value Fund holds 2.94% of the stake in JELD, owning 2,476,521 shares worth 27.61 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 24, 2022, JELD reported revenue of $1.33B and operating income of $66.09M. Over the past year, revenue came in at $4.94B while operating income stood at $192.57M. It generated $45.83M net income for the quarter, which came to $127.92M over the last twelve months. The EBITDA in the recently reported quarter was $107.19M and diluted EPS was $0.52. EBITDA for the full year was $353.78M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JELD since 16 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 11 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With JELD analysts setting a high price target of $23.00 and a low target of $11.00, the average target price over the next 12 months is $16.37. Based on these targets, JELD could surge 141.09% to reach the target high and rise by 15.3% to reach the target low. Reaching the average price target will result in a growth of 71.59% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. JELD will report FY 2022 earnings on 02/21/2023. Analysts have provided yearly estimates in a range of $1.85 being high and $1.52 being low. For JELD, this leads to a yearly average estimate of $1.69. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. JELD-WEN Holding Inc. surprised analysts by -$0.07 when it reported $0.57 EPS against a consensus estimate of $0.64. The surprise factor in the prior quarter was -$0.17. Based on analyst estimates, the high estimate for the next quarter is $0.76 and the low estimate is $0.33. The average estimate for the next quarter is thus $0.48.

Summary of Insider Activity:

Insiders traded JELD stock several times over the past three months with 16 Buys and 3 Sells. In these transactions, 418,982 shares were bought while 19,592 shares were sold. The number of buy transactions has increased to 139 while that of sell transactions has risen to 30 over the past year. The total number of shares bought during that period was 5,114,252 while 343,037 shares were sold.

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