JELD-WEN Holding, Inc. (NYSE:JELD) Stake Boosted by US Bancorp DE

US Bancorp DE boosted its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 257.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,752 shares of the company’s stock after buying an additional 7,025 shares during the period. US Bancorp DE’s holdings in JELD-WEN were worth $80,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Natixis Advisors LLC raised its holdings in shares of JELD-WEN by 78.1% during the third quarter. Natixis Advisors LLC now owns 411,660 shares of the company’s stock valued at $6,508,000 after acquiring an additional 180,511 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in JELD-WEN by 57.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock worth $33,200,000 after purchasing an additional 764,645 shares in the last quarter. Pzena Investment Management LLC raised its stake in JELD-WEN by 2.8% during the 3rd quarter. Pzena Investment Management LLC now owns 9,582,008 shares of the company’s stock valued at $151,492,000 after purchasing an additional 261,157 shares during the period. Intech Investment Management LLC purchased a new stake in shares of JELD-WEN in the third quarter valued at $293,000. Finally, Dynamic Technology Lab Private Ltd boosted its position in shares of JELD-WEN by 96.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 44,848 shares of the company’s stock worth $709,000 after buying an additional 21,981 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on JELD shares. Loop Capital dropped their price target on JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. Royal Bank of Canada reduced their price target on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a research report on Wednesday, February 19th. The Goldman Sachs Group dropped their price target on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. UBS Group reduced their price objective on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Finally, StockNews.com lowered JELD-WEN from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.06.

JELD-WEN Price Performance

NYSE JELD opened at $6.21 on Tuesday. The firm has a market cap of $526.49 million, a P/E ratio of -2.78 and a beta of 2.22. The stock’s 50-day moving average is $7.76 and its two-hundred day moving average is $10.84. JELD-WEN Holding, Inc. has a fifty-two week low of $5.44 and a fifty-two week 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 posted its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.20). The company had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. On average, analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Turtle Creek Asset Management acquired 75,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were bought at an average price of $8.46 per share, for a total transaction of $634,500.00. Following the acquisition, the insider now owns 12,320,226 shares in the company, valued at $104,229,111.96. This trade represents a 0.61 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven E. Wynne bought 10,000 shares of JELD-WEN stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average price of $6.01 per share, with a total value of $60,100.00. Following the purchase, the director now owns 28,000 shares of the company’s stock, valued at $168,280. This trade represents a 55.56 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 525,137 shares of company stock valued at $3,719,287 in the last quarter. Insiders own 1.03% of the company’s stock.

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.