Rhumbline Advisers Reduces Stock Position in JELD-WEN Holding, Inc. (NYSE:JELD)

Rhumbline Advisers trimmed its holdings in JELD-WEN Holding, Inc. (NYSE:JELD) by 3.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 150,378 shares of the company’s stock after selling 5,260 shares during the period. Rhumbline Advisers owned approximately 0.17% of JELD-WEN worth $2,026,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in JELD-WEN by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 8,862,466 shares of the company’s stock worth $167,323,000 after acquiring an additional 71,917 shares during the period. Pzena Investment Management LLC grew its position in JELD-WEN by 0.5% in the first quarter. Pzena Investment Management LLC now owns 7,381,799 shares of the company’s stock worth $156,716,000 after acquiring an additional 34,604 shares during the period. Dimensional Fund Advisors LP grew its position in JELD-WEN by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,720,799 shares of the company’s stock worth $51,370,000 after acquiring an additional 157,383 shares during the period. Bank of New York Mellon Corp grew its position in JELD-WEN by 19.2% in the second quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company’s stock worth $18,400,000 after acquiring an additional 220,177 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its position in JELD-WEN by 319.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company’s stock worth $17,985,000 after acquiring an additional 1,017,275 shares during the period. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on JELD shares. The Goldman Sachs Group decreased their price target on JELD-WEN from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Barclays decreased their price target on JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, July 12th. Royal Bank of Canada restated an “underperform” rating and set a $13.00 price target on shares of JELD-WEN in a research note on Wednesday, August 7th. Finally, Loop Capital decreased their price target on JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $16.80.

JELD-WEN Stock Up 3.4 %

Shares of NYSE JELD opened at $15.96 on Friday. The stock has a market cap of $1.37 billion, a P/E ratio of 69.39 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 Holding, Inc. has a 12-month low of $11.02 and a 12-month high of $21.75. The business’s fifty day simple moving average is $14.76 and its 200-day simple moving average is $16.13.

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

About JELD-WEN

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.