Bank of New York Mellon Corp Has $2.29 Million Stake in JELD-WEN Holding, Inc. (NYSE:JELD)

Bank of New York Mellon Corp decreased its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 76.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 279,446 shares of the company’s stock after selling 927,709 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.33% of JELD-WEN worth $2,289,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of JELD. Geode Capital Management LLC grew its stake in shares of JELD-WEN by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock worth $30,771,000 after purchasing an additional 9,468 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of JELD-WEN by 78.1% in the third quarter. Natixis Advisors LLC now owns 411,660 shares of the company’s stock worth $6,508,000 after purchasing an additional 180,511 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of JELD-WEN in the third quarter worth about $293,000. State Street Corp grew its stake in shares of JELD-WEN by 1.1% in the third quarter. State Street Corp now owns 1,998,363 shares of the company’s stock worth $31,594,000 after purchasing an additional 21,264 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its position in JELD-WEN by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 477,200 shares of the company’s stock valued at $3,908,000 after acquiring an additional 30,400 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Price Performance

Shares of JELD opened at $5.95 on Friday. The company has a market capitalization of $507.50 million, a price-to-earnings ratio of -2.67 and a beta of 2.23. JELD-WEN Holding, Inc. has a fifty-two week low of $5.44 and a fifty-two week high of $21.75. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The business’s 50-day moving average is $7.59 and its 200-day moving average is $10.60.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.20). JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The company had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. Equities research analysts expect that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on JELD shares. Truist Financial decreased their target price on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. UBS Group cut their price objective on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. StockNews.com downgraded shares of JELD-WEN from a “hold” rating to a “sell” rating in a report on Friday, March 7th. Loop Capital decreased their target price on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. Finally, Barclays decreased their target price on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, JELD-WEN currently has a consensus rating of “Hold” and an average price target of $9.06.

Insider Buying and Selling at JELD-WEN

In other news, Director David G. Nord bought 20,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were purchased at an average price of $5.96 per share, for a total transaction of $119,200.00. Following the purchase, the director now owns 40,000 shares of the company’s stock, valued at approximately $238,400. The trade was a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Turtle Creek Asset Management purchased 110,000 shares of the stock in a transaction on Friday, January 10th. The shares were bought at an average cost of $7.65 per share, for a total transaction of $841,500.00. Following the transaction, the insider now directly owns 12,259,784 shares in the company, valued at approximately $93,787,347.60. The trade was a 0.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 525,137 shares of company stock valued at $3,719,287. 1.03% of the stock is currently owned by company insiders.

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.