Edgestream Partners L.P. Acquires Shares of 60,624 JELD-WEN Holding, Inc. (NYSE:JELD)

Edgestream Partners L.P. bought a new position in JELD-WEN Holding, Inc. (NYSE:JELD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 60,624 shares of the company’s stock, valued at approximately $817,000. Edgestream Partners L.P. owned about 0.07% of JELD-WEN as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in JELD. Dimensional Fund Advisors LP grew its holdings in JELD-WEN by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock worth $43,461,000 after acquiring an additional 191,657 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of JELD-WEN by 10.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 149,434 shares of the company’s stock worth $2,013,000 after purchasing an additional 14,574 shares during the last quarter. Victory Capital Management Inc. increased its holdings in JELD-WEN by 64.7% during the 2nd quarter. Victory Capital Management Inc. now owns 172,126 shares of the company’s stock valued at $2,319,000 after purchasing an additional 67,604 shares during the period. Pzena Investment Management LLC raised its position in JELD-WEN by 26.3% during the 2nd quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company’s stock valued at $125,552,000 after purchasing an additional 1,939,052 shares during the last quarter. Finally, Natixis Advisors LLC raised its position in JELD-WEN by 252.4% during the 2nd quarter. Natixis Advisors LLC now owns 231,149 shares of the company’s stock valued at $3,114,000 after purchasing an additional 165,552 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

JELD-WEN Trading Down 0.6 %

NYSE:JELD opened at $15.86 on Friday. JELD-WEN Holding, Inc. has a one year low of $11.02 and a one year high of $21.75. The company’s 50-day simple moving average is $14.79 and its 200 day simple moving average is $16.10. The firm has a market capitalization of $1.36 billion, a P/E ratio of 68.96 and a beta of 2.24. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.11. The company had revenue of $986.00 million for 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%. The firm’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 EPS. As a group, analysts forecast that JELD-WEN Holding, Inc. will post 1.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on JELD. Loop Capital reduced their target price 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. The Goldman Sachs Group reduced their price objective on shares of JELD-WEN from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Barclays dropped their target price 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, Royal Bank of Canada reiterated an “underperform” rating and set a $13.00 price target on shares of JELD-WEN in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.80.

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.