US Bancorp DE Cuts Position in JELD-WEN Holding, Inc. (NYSE:JELD)

US Bancorp DE lessened its holdings in JELD-WEN Holding, Inc. (NYSE:JELD) by 65.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,727 shares of the company’s stock after selling 5,154 shares during the period. US Bancorp DE’s holdings in JELD-WEN were worth $43,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JELD. Allspring Global Investments Holdings LLC boosted its stake in shares of JELD-WEN by 790.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after buying an additional 1,922 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of JELD-WEN by 12.5% in the 1st quarter. Russell Investments Group Ltd. now owns 111,135 shares of the company’s stock worth $2,359,000 after purchasing an additional 12,330 shares during the period. ProShare Advisors LLC raised its holdings in shares of JELD-WEN by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 15,305 shares of the company’s stock worth $325,000 after purchasing an additional 1,205 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of JELD-WEN by 17.0% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 34,800 shares of the company’s stock worth $737,000 after purchasing an additional 5,059 shares during the period. Finally, Beaconlight Capital LLC raised its holdings in shares of JELD-WEN by 6.9% in the 1st quarter. Beaconlight Capital LLC now owns 554,439 shares of the company’s stock worth $11,771,000 after purchasing an additional 35,708 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Insider Transactions at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management purchased 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was bought at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the completion of the purchase, the insider now directly owns 11,941,452 shares in the company, valued at approximately $125,146,416.96. This represents a 1.70 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group lowered their price target on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. B. Riley lowered their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Royal Bank of Canada lowered their target price on shares of JELD-WEN from $13.00 to $9.00 and set an “underperform” rating on the stock in a report on Wednesday, November 6th. Barclays decreased their price target on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Finally, Jefferies Financial Group upped their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $14.56.

JELD-WEN Stock Performance

NYSE JELD opened at $10.19 on Monday. The company has a 50-day simple moving average of $14.26 and a two-hundred day simple moving average of $14.53. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. JELD-WEN Holding, Inc. has a 12-month low of $8.90 and a 12-month high of $21.75. The firm has a market cap of $862.28 million, a price-to-earnings ratio of -5.57 and a beta of 2.25.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The firm had revenue of $934.70 million for the quarter, compared to analysts’ expectations of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The business’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. On average, equities analysts forecast that JELD-WEN Holding, Inc. will post 0.86 EPS for the current 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.