JELD-WEN Holding, Inc. (NYSE:JELD) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,078 shares of the company’s stock after purchasing an additional 10,154 shares during the period. JPMorgan Chase & Co. owned 0.15% of JELD-WEN worth $2,057,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of JELD-WEN by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock worth $30,771,000 after purchasing an additional 9,468 shares during the last quarter. K2 Principal Fund L.P. purchased a new stake in shares of JELD-WEN during the 3rd quarter valued at approximately $278,000. State Street Corp raised its position in shares of JELD-WEN by 1.1% during the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company’s stock valued at $31,594,000 after buying an additional 21,264 shares during the period. Beaconlight Capital LLC raised its position in shares of JELD-WEN by 227.9% during the 3rd quarter. Beaconlight Capital LLC now owns 277,272 shares of the company’s stock valued at $4,384,000 after buying an additional 192,724 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of JELD-WEN by 10.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock valued at $573,000 after buying an additional 3,383 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Turtle Creek Asset Management purchased 200,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were purchased at an average price of $10.48 per share, with a total value of $2,096,000.00. Following the completion of the acquisition, the insider now directly owns 11,941,452 shares in the company, valued at $125,146,416.96. This represents a 1.70 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have bought 960,000 shares of company stock valued at $9,086,500. 1.03% of the stock is currently owned by insiders.

JELD-WEN Stock Up 3.0 %

JELD-WEN stock opened at $9.79 on Wednesday. The stock’s fifty day moving average is $9.53 and its two-hundred day moving average is $12.83. The stock has a market cap of $828.01 million, a PE ratio of -5.35 and a beta of 2.16. JELD-WEN Holding, Inc. has a 1-year low of $7.43 and a 1-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.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data 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 firm had revenue of $934.70 million for the quarter, compared to analysts’ expectations 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 for the quarter was down 13.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 EPS. On average, sell-side analysts expect that JELD-WEN Holding, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on JELD shares. UBS Group reaffirmed a “neutral” rating and set a $9.00 price target (down previously from $15.00) on shares of JELD-WEN in a research report on Wednesday, January 8th. Jefferies Financial Group lifted their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group reduced their price target on shares of JELD-WEN from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Royal Bank of Canada reduced their price target on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research report on Wednesday, December 18th. Finally, B. Riley reduced their price target on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, JELD-WEN currently has an average rating of “Hold” and an average target price of $12.75.

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.