Inspire Investing LLC Has $355,000 Holdings in JELD-WEN Holding, Inc. (NYSE:JELD)

Inspire Investing LLC grew its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 55.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,352 shares of the company’s stock after purchasing an additional 9,445 shares during the period. Inspire Investing LLC’s holdings in JELD-WEN were worth $355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Innealta Capital LLC acquired a new stake in shares of JELD-WEN during the 2nd quarter worth approximately $30,000. Allspring Global Investments Holdings LLC boosted its position in shares of JELD-WEN by 790.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after acquiring an additional 1,922 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of JELD-WEN during the 2nd quarter worth approximately $92,000. Quest Partners LLC acquired a new stake in shares of JELD-WEN during the 4th quarter worth approximately $103,000. Finally, XTX Topco Ltd boosted its position in shares of JELD-WEN by 39.0% during the 2nd quarter. XTX Topco Ltd now owns 20,788 shares of the company’s stock worth $280,000 after acquiring an additional 5,836 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on JELD shares. Loop Capital reduced their price target on shares of 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 price target on shares of JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Royal Bank of Canada restated an “underperform” rating and issued a $13.00 target price on shares of JELD-WEN in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group cut their target price on shares of JELD-WEN from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.80.

JELD-WEN Price Performance

JELD stock opened at $15.86 on Friday. The company has a fifty day moving average price of $14.79 and a 200-day moving average price of $16.10. The company has a market capitalization of $1.36 billion, a P/E ratio of 68.96 and a beta of 2.24. JELD-WEN Holding, Inc. has a 52-week low of $11.02 and a 52-week high of $21.75. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.33 and a current ratio of 2.03.

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, beating the consensus estimate of $0.23 by $0.11. The firm had revenue of $986.00 million during the quarter, compared to the consensus estimate of $1 billion. JELD-WEN had a negative net margin of 0.92% and a positive return on equity of 14.32%. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 earnings per share. As a group, equities analysts expect that JELD-WEN Holding, Inc. will post 1.31 EPS for the current year.

About JELD-WEN

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.