JELD-WEN Holding, Inc. (NYSE:JELD) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 11.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 500,791 shares of the company’s stock after selling 67,410 shares during the quarter. Federated Hermes Inc. owned approximately 0.58% of JELD-WEN worth $6,746,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in JELD. Innealta Capital LLC acquired a new position in shares of JELD-WEN in the 2nd quarter valued at $30,000. Allspring Global Investments Holdings LLC boosted its holdings 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 valued at $46,000 after purchasing an additional 1,922 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of JELD-WEN in the 2nd quarter valued at $92,000. Quest Partners LLC acquired a new position in shares of JELD-WEN in the 4th quarter valued at $103,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of JELD-WEN by 43.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,734 shares of the company’s stock valued at $320,000 after purchasing an additional 7,203 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JELD. 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. Loop Capital reduced their target price on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, July 19th. Barclays reduced their target price 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, The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.80.

JELD-WEN Stock Performance

JELD-WEN stock opened at $15.17 on Wednesday. JELD-WEN Holding, Inc. has a 12-month low of $11.02 and a 12-month high of $21.75. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 65.96 and a beta of 2.24. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33. The firm’s fifty day moving average price is $14.68 and its 200 day moving average price is $16.14.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Monday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $986.00 million for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. On average, research analysts forecast that JELD-WEN Holding, Inc. will post 1.31 EPS 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.