State Street Corp Buys 21,264 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

State Street Corp increased its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,998,363 shares of the company’s stock after purchasing an additional 21,264 shares during the period. State Street Corp owned approximately 2.36% of JELD-WEN worth $31,594,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Innealta Capital LLC acquired a new stake in JELD-WEN in the second quarter worth $30,000. Blue Trust Inc. lifted its holdings in JELD-WEN by 79.8% during the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after acquiring an additional 1,284 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in JELD-WEN by 102.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company’s stock valued at $59,000 after acquiring an additional 2,216 shares during the period. nVerses Capital LLC bought a new stake in shares of JELD-WEN in the second quarter worth about $92,000. Finally, MQS Management LLC acquired a new stake in shares of JELD-WEN during the third quarter worth about $160,000. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Trading Down 0.7 %

Shares of NYSE:JELD opened at $8.42 on Friday. The company’s 50-day moving average price is $11.80 and its two-hundred day moving average price is $13.60. JELD-WEN Holding, Inc. has a one year low of $8.30 and a one year 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 stock has a market capitalization of $712.50 million, a PE ratio of -4.60 and a beta of 2.12.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). The company had revenue of $934.70 million for the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The business’s revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 EPS. On average, equities analysts forecast that JELD-WEN Holding, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Royal Bank of Canada decreased their price objective on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a research report on Wednesday. The Goldman Sachs Group reduced their price target on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Jefferies Financial Group raised their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. UBS Group reduced their target price on shares of JELD-WEN from $19.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Barclays dropped their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.63.

Insider Activity at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management bought 200,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were bought at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the acquisition, the insider now owns 11,941,452 shares in the company, valued at $125,146,416.96. This trade represents a 1.70 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.03% of the stock is 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.