JELD-WEN Holding, Inc. (NYSE:JELD) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its holdings in JELD-WEN Holding, Inc. (NYSE:JELD) by 0.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,004,624 shares of the company’s stock after selling 17,923 shares during the quarter. Charles Schwab Investment Management Inc. owned 2.37% of JELD-WEN worth $31,693,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SummerHaven Investment Management LLC grew its position in JELD-WEN by 2.5% in the second quarter. SummerHaven Investment Management LLC now owns 42,076 shares of the company’s stock worth $567,000 after acquiring an additional 1,025 shares during the period. Blue Trust Inc. raised its stake in JELD-WEN by 79.8% in the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after buying an additional 1,284 shares in the last quarter. Diversified Trust Co increased its position in shares of JELD-WEN by 6.6% during the second quarter. Diversified Trust Co now owns 25,916 shares of the company’s stock worth $349,000 after purchasing an additional 1,615 shares in the last quarter. Sei Investments Co. increased its position in shares of JELD-WEN by 13.2% during the second quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock worth $242,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of JELD-WEN by 102.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company’s stock worth $59,000 after purchasing an additional 2,216 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Stock Performance

NYSE:JELD opened at $10.89 on Wednesday. JELD-WEN Holding, Inc. has a 1 year low of $8.90 and a 1 year high of $21.75. The firm’s fifty day simple moving average is $13.27 and its 200 day simple moving average is $14.07. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $921.51 million, a PE ratio of -5.95 and a beta of 2.12.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). The company had revenue of $934.70 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 EPS. On average, sell-side analysts anticipate that JELD-WEN Holding, Inc. will post 0.86 EPS for the current year.

Insider Buying and Selling at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 200,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were acquired at an average cost of $10.48 per share, for a total transaction of $2,096,000.00. Following the completion of the acquisition, the insider now directly owns 11,941,452 shares of the company’s stock, valued at approximately $125,146,416.96. This represents a 1.70 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on JELD shares. Royal Bank of Canada lowered their price target on 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 JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Jefferies Financial Group boosted their price target on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. UBS Group cut their price objective on JELD-WEN from $19.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group cut their price target on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.56.

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.