Geode Capital Management LLC Has $30.77 Million Stake in JELD-WEN Holding, Inc. (NYSE:JELD)

Geode Capital Management LLC lifted its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,945,899 shares of the company’s stock after purchasing an additional 9,468 shares during the quarter. Geode Capital Management LLC owned 2.30% of JELD-WEN worth $30,771,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Bank of New York Mellon Corp boosted its stake in JELD-WEN by 19.2% in 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 during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of JELD-WEN by 102.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company’s stock valued at $59,000 after purchasing an additional 2,216 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of JELD-WEN by 43.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,734 shares of the company’s stock worth $320,000 after buying an additional 7,203 shares during the period. Panagora Asset Management Inc. grew its holdings in shares of JELD-WEN by 4.1% during the second quarter. Panagora Asset Management Inc. now owns 376,032 shares of the company’s stock worth $5,065,000 after buying an additional 14,841 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in JELD-WEN in the 2nd quarter valued at approximately $30,000. Institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. B. Riley reduced their price target on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Royal Bank of Canada reduced their target price on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a report on Wednesday, December 18th. Barclays lowered 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 research note on Wednesday, November 6th. The Goldman Sachs Group reduced their price objective on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group raised their price objective on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.63.

Insiders Place Their Bets

In other news, major shareholder Turtle Creek Asset Management acquired 200,000 shares of JELD-WEN stock in a transaction dated Thursday, November 7th. The stock was bought at an average price 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 in the company, valued at approximately $125,146,416.96. The trade was a 1.70 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.03% of the company’s stock.

JELD-WEN Trading Up 0.2 %

Shares of NYSE:JELD opened at $8.38 on Friday. JELD-WEN Holding, Inc. has a 52-week low of $8.14 and a 52-week high of $21.75. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The company has a market capitalization of $709.12 million, a P/E ratio of -4.58 and a beta of 2.12. The company has a 50-day simple moving average of $11.36 and a 200 day simple moving average of $13.47.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The business had revenue of $934.70 million during the quarter, compared to analyst estimates of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The business’s quarterly revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. Sell-side analysts forecast that JELD-WEN Holding, Inc. will post 0.73 earnings per share for the current year.

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.