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Matthew Meier, Executive Vice President and Chief Digital and Information Officer of JELD-WEN Holding, Inc. (NYSE:JELD), recently purchased 20,000 shares of the company’s common stock. The timing is notable as InvestingPro data shows the stock has declined over 68% in the past year, with shares currently trading near their 52-week low of $5.44. The transaction, executed on March 5, involved a weighted-average price of $5.73 per share, with prices ranging from $5.67 to $5.78. Following this acquisition, Meier’s total direct ownership stands at 57,042 shares. The purchase reflects a total transaction value of approximately $114,600. According to InvestingPro analysis, the stock’s RSI indicates oversold conditions, and the company appears undervalued based on Fair Value calculations. InvestingPro subscribers have access to 15 additional key insights about JELD-WEN, including detailed financial health metrics and growth projections.
In other recent news, JELD-WEN Holding, Inc. reported a fourth-quarter net loss of $68.4 million, or ($0.81) per share, which is a significant decline compared to the previous year’s loss. This included a non-cash goodwill impairment charge due to the divestiture of their Towanda facility. Revenue for the quarter was $895.7 million, surpassing the consensus estimate but still reflecting a 12.3% decrease from the previous year. Despite these challenges, the company introduced guidance for 2025, projecting revenues between $3.2 billion and $3.4 billion, which is below the market consensus.
Analysts from Jefferies and Loop Capital have adjusted their price targets for JELD-WEN, with Jefferies lowering it to $7.00 and Loop Capital to $8.00, both maintaining a Hold rating. These revisions follow the company’s updated guidance and ongoing demand challenges. JELD-WEN has also announced a 2025 Management Incentive Plan aimed at aligning executive performance with shareholder interests through performance-based cash bonuses.
The company recently completed the sale of its Towanda, PA manufacturing facility to Woodgrain Inc. for $115 million. This divestiture is expected to impact annual revenues and EBITDA negatively in the short term. Despite the financial hurdles, JELD-WEN remains committed to its strategic transformation, focusing on service improvements and manufacturing optimization to regain market share and improve margins.
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