Stocks of JELD-WEN Holding Inc. (JELD) are poised to climb above their peers

JELD-WEN Holding Inc. (NYSE: JELD) stock jumped 0.41% on Wednesday to $9.83 against a previous-day closing price of $9.79. With 0.4 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.26 million shares. During the session, the Building Products & Equipment company that operates in wider Industrials sector, reached to the highest price of $9.90 whereas the lowest price it dropped to was $9.65. The 52-week range on JELD shows that it touched its highest point at $27.59 and its lowest point at $8.38 during that stretch. It currently has a 1-year price target of $10.54. Beta for the stock currently stands at 2.29.

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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 -1.99%, but this was up by 2.82% over a month. Three-month performance dropped to -22.11% while six-month performance fell -45.15%. The stock lost -62.52% in the past year, while it has lost -62.71% so far this year. A look at the trailing 12-month EPS for JELD yields 0.58 with Next year EPS estimates of 1.24. For the next quarter, that number is 0.25. This implies an EPS growth rate of 90.50% for this year and -25.88% 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, 84.52 million JELD shares are outstanding with a float of 83.14 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.53 million, which was 4.19% higher than short shares on Sep 14, 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 Chief Exec. Officer.


Institutional Ownership:

Through their ownership of 103.81% of JELD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 51.12% of JELD, in contrast to 46.17% held by mutual funds. Shares owned by individuals account for 40.06%. As the largest shareholder in JELD with 16.25% of the stake, Turtle Creek Asset Management, In holds 13,689,520 shares worth 13,689,520. A second-largest stockholder of JELD, Fuller & Thaler Asset Management,, holds 9,407,994 shares, controlling over 11.17% of the firm’s shares. Pzena Investment Management LLC is the third largest shareholder in JELD, holding 8,796,109 shares or 10.44% stake. With a 9.11% stake in JELD, the Undiscovered Managers Behavioral is the largest stakeholder. A total of 7,679,046 shares are owned by the mutual fund manager. The Vanguard Selected Value Fund, which owns about 2.94% of JELD stock, is the second-largest Mutual Fund holder. It holds 2,476,521 shares valued at 26.28 million. Vanguard Total Stock Market Index holds 2.91% of the stake in JELD, owning 2,453,900 shares worth 26.04 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JELD since 14 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 3 suggest SELL ratings. Of the remaining analysts, 10 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 $17.00 and a low target of $7.00, the average target price over the next 12 months is $10.54. Based on these targets, JELD could surge 72.94% to reach the target high and fall by -28.79% to reach the target low. Reaching the average price target will result in a growth of 7.22% 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 $1.75 being high and $1.62 being low. For JELD, this leads to a yearly average estimate of $1.68. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. JELD-WEN Holding Inc. surprised analysts by $0.22 when it reported $0.71 EPS against a consensus estimate of $0.49. The surprise factor in the prior quarter was -$0.07. Based on analyst estimates, the high estimate for the next quarter is $0.32 and the low estimate is $0.19. The average estimate for the next quarter is thus $0.25.

Summary of Insider Activity:

Insiders traded JELD stock several times over the past three months with 21 Buys and 0 Sells. In these transactions, 426,253 shares were bought while 0 shares were sold. The number of buy transactions has increased to 159 while that of sell transactions has risen to 26 over the past year. The total number of shares bought during that period was 5,526,909 while 299,596 shares were sold.

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