The Manufacturers Life Insurance Company Purchases 3,066 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

The Manufacturers Life Insurance Company boosted its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 7.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,436 shares of the company’s stock after buying an additional 3,066 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.05% of JELD-WEN worth $585,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Pzena Investment Management LLC raised its holdings in shares of JELD-WEN by 26.3% during the 2nd quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company’s stock worth $125,552,000 after buying an additional 1,939,052 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of JELD-WEN by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 8,862,466 shares of the company’s stock worth $167,323,000 after acquiring an additional 71,917 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of JELD-WEN by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock valued at $43,461,000 after purchasing an additional 191,657 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of JELD-WEN by 19.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company’s stock valued at $18,400,000 after purchasing an additional 220,177 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in 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 purchasing an additional 1,017,275 shares in the last quarter. 95.04% of the stock is owned by institutional investors.

JELD-WEN Price Performance

JELD stock opened at $15.46 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.53. The company’s fifty day simple moving average is $14.71 and its 200 day simple moving average is $15.68. JELD-WEN Holding, Inc. has a 12-month low of $11.02 and a 12-month high of $21.75. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 68.00 and a beta of 2.24.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, August 5th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.23 by $0.11. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The business had revenue of $986.00 million during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the firm posted $0.44 earnings per share. The firm’s revenue was down 12.4% on a year-over-year basis. On average, analysts expect that JELD-WEN Holding, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on JELD. Barclays decreased 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 research note on Friday, July 12th. Loop Capital reduced 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. The Goldman Sachs Group increased their target price on JELD-WEN from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Jefferies Financial Group boosted their price target on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $13.00 price objective on shares of JELD-WEN in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.30.

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.