First Eagle Investment Management LLC Has $4.60 Million Stock Holdings in JELD-WEN Holding, Inc. (NYSE:JELD)

First Eagle Investment Management LLC boosted its position in JELD-WEN Holding, Inc. (NYSE:JELD) by 1.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 341,184 shares of the company’s stock after purchasing an additional 4,500 shares during the period. First Eagle Investment Management LLC owned about 0.40% of JELD-WEN worth $4,596,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of JELD. Pzena Investment Management LLC increased its holdings in shares of JELD-WEN by 26.3% in the second quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company’s stock valued at $125,552,000 after purchasing an additional 1,939,052 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of JELD-WEN by 319.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company’s stock worth $17,985,000 after buying an additional 1,017,275 shares during the period. Norges Bank acquired a new position in JELD-WEN in the 4th quarter valued at about $9,783,000. Hennessy Advisors Inc. bought a new position in JELD-WEN in the 2nd quarter valued at about $5,342,000. Finally, Bank of New York Mellon Corp lifted its position in JELD-WEN by 19.2% during the second quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company’s stock worth $18,400,000 after acquiring an additional 220,177 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Trading Down 0.6 %

Shares of JELD-WEN stock opened at $15.87 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.53. 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 $1.36 billion, a price-to-earnings ratio of 69.00 and a beta of 2.24. The firm’s 50-day moving average price is $14.79 and its two-hundred day moving average price is $16.12.

JELD-WEN (NYSE:JELD) last posted 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 business had revenue of $986.00 million for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the business posted $0.44 EPS. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, analysts forecast that JELD-WEN Holding, Inc. will post 1.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JELD has been the topic of a number of recent research reports. The Goldman Sachs Group lowered their target price on JELD-WEN from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Loop Capital lowered their price objective on JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a research 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 for the company in a research report on Friday, July 12th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and set a $13.00 price target on shares of JELD-WEN in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, JELD-WEN currently has a consensus rating of “Hold” and a consensus target price of $16.80.

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.