Primecap Management Co. CA Sells 26,000 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Primecap Management Co. CA reduced its holdings in JELD-WEN Holding, Inc. (NYSE:JELD) by 7.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 312,300 shares of the company’s stock after selling 26,000 shares during the period. Primecap Management Co. CA owned approximately 0.36% of JELD-WEN worth $4,207,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in shares of JELD-WEN in the 2nd quarter valued at $30,000. Allspring Global Investments Holdings LLC increased its holdings in JELD-WEN by 790.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after purchasing an additional 1,922 shares during the last quarter. nVerses Capital LLC acquired a new position in JELD-WEN in the second quarter valued at about $92,000. Quest Partners LLC bought a new position in JELD-WEN during the fourth quarter worth about $103,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of JELD-WEN by 43.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,734 shares of the company’s stock worth $320,000 after buying an additional 7,203 shares during the period. 95.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on JELD shares. Loop Capital cut their price target on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. Royal Bank of Canada reiterated an “underperform” rating and issued a $13.00 target price on shares of JELD-WEN in a report on Wednesday, August 7th. Barclays lowered their price objective on shares of JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, July 12th. Finally, The Goldman Sachs Group reduced their target price on JELD-WEN from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, JELD-WEN presently has an average rating of “Hold” and an average price target of $16.80.

JELD-WEN Price Performance

JELD stock opened at $15.45 on Thursday. The stock has a 50-day moving average price of $14.73 and a two-hundred day moving average price of $16.13. JELD-WEN Holding, Inc. has a 1 year low of $11.02 and a 1 year high of $21.75. The stock has a market cap of $1.33 billion, a PE ratio of 67.15 and a beta of 2.24. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.53.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.11. The business had revenue of $986.00 million during the quarter, compared to the consensus estimate of $1 billion. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. JELD-WEN’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. Equities analysts forecast that JELD-WEN Holding, Inc. will post 1.31 EPS for the current fiscal year.

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.