JELD-WEN Holding, Inc. (NYSE:JELD) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. boosted its position in JELD-WEN Holding, Inc. (NYSE:JELD) by 79.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,893 shares of the company’s stock after purchasing an additional 1,284 shares during the period. Blue Trust Inc.’s holdings in JELD-WEN were worth $46,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Pzena Investment Management LLC increased its holdings in JELD-WEN by 26.3% in the second quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company’s stock valued at $125,552,000 after buying an additional 1,939,052 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of JELD-WEN by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock worth $43,461,000 after purchasing an additional 191,657 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of JELD-WEN by 19.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company’s stock worth $18,400,000 after purchasing an additional 220,177 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of JELD-WEN by 319.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company’s stock worth $17,985,000 after purchasing an additional 1,017,275 shares in the last quarter. Finally, Engine Capital Management LP increased its stake in shares of JELD-WEN by 223.6% during the 2nd quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock worth $15,656,000 after purchasing an additional 803,095 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on JELD. Jefferies Financial Group raised their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Loop Capital lowered their target price on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, July 19th. The Goldman Sachs Group lifted their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Barclays decreased their price target on shares of JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $13.00 price target on shares of JELD-WEN in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.30.

JELD-WEN Stock Performance

NYSE:JELD opened at $14.24 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -32.25 and a beta of 2.24. The firm’s fifty day simple moving average is $14.90 and its 200 day simple moving average is $15.22. JELD-WEN Holding, Inc. has a twelve month low of $11.89 and a twelve month high of $21.75.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, August 5th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.11. JELD-WEN had a negative net margin of 0.92% and a positive return on equity of 14.32%. The business had revenue of $986.00 million for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the business posted $0.44 EPS. The business’s quarterly revenue was down 12.4% on a year-over-year basis. As a group, equities research analysts expect that JELD-WEN Holding, Inc. will post 1.29 earnings per share for the current fiscal year.

JELD-WEN Company 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.