Vanguard Group Inc. Acquires 71,917 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Vanguard Group Inc. grew its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,862,466 shares of the company’s stock after buying an additional 71,917 shares during the quarter. Vanguard Group Inc. owned 10.36% of JELD-WEN worth $167,323,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Harvest Fund Management Co. Ltd bought a new stake in JELD-WEN during the 4th quarter worth approximately $47,000. Quest Partners LLC bought a new stake in JELD-WEN during the fourth quarter worth $103,000. DekaBank Deutsche Girozentrale purchased a new stake in JELD-WEN in the 4th quarter valued at $118,000. International Assets Investment Management LLC bought a new position in JELD-WEN during the 4th quarter valued at $125,000. Finally, Boulder Hill Capital Management LP purchased a new position in JELD-WEN during the 4th quarter worth $342,000. 95.04% of the stock is owned by institutional investors.

JELD-WEN Trading Up 1.8 %

Shares of JELD stock opened at $13.14 on Thursday. JELD-WEN Holding, Inc. has a 1 year low of $11.02 and a 1 year high of $21.75. The company’s fifty day simple moving average is $15.32 and its two-hundred day simple moving average is $17.67. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.08 and a quick ratio of 1.39. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 57.13 and a beta of 2.28.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. JELD-WEN had a return on equity of 15.78% and a net margin of 0.47%. The business had revenue of $959.10 million for the quarter, compared to analysts’ expectations of $972.62 million. As a group, analysts anticipate that JELD-WEN Holding, Inc. will post 1.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on JELD. UBS Group dropped their target price on shares of JELD-WEN from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Barclays reduced their price objective on JELD-WEN from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Monday, May 13th. Royal Bank of Canada lowered their target price on JELD-WEN from $16.00 to $13.00 and set an “underperform” rating on the stock in a research note on Wednesday, May 8th. Finally, StockNews.com downgraded shares of JELD-WEN from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.00.

JELD-WEN Profile

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.