Rhumbline Advisers increased its stake in shares of Jeld-Wen Holding Inc (NYSE:JELD) by 8.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,407 shares of the company’s stock after buying an additional 5,113 shares during the period. Rhumbline Advisers owned about 0.06% of Jeld-Wen worth $1,927,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in shares of Jeld-Wen by 337.3% in the first quarter. Envestnet Asset Management Inc. now owns 3,791 shares of the company’s stock worth $114,000 after purchasing an additional 2,924 shares in the last quarter. Amalgamated Bank increased its stake in shares of Jeld-Wen by 19.1% in the second quarter. Amalgamated Bank now owns 10,717 shares of the company’s stock worth $306,000 after purchasing an additional 1,721 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in shares of Jeld-Wen by 78.8% in the first quarter. Xact Kapitalforvaltning AB now owns 11,800 shares of the company’s stock worth $361,000 after purchasing an additional 5,200 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Jeld-Wen by 41.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 12,938 shares of the company’s stock worth $396,000 after purchasing an additional 3,798 shares in the last quarter. Finally, Koch Industries Inc. increased its stake in shares of Jeld-Wen by 104.9% in the first quarter. Koch Industries Inc. now owns 13,439 shares of the company’s stock worth $412,000 after purchasing an additional 6,881 shares in the last quarter. Institutional investors and hedge funds own 64.43% of the company’s stock.
Several equities analysts have recently weighed in on JELD shares. Goldman Sachs Group started coverage on shares of Jeld-Wen in a research note on Tuesday. They issued a “buy” rating and a $31.00 target price for the company. Macquarie started coverage on shares of Jeld-Wen in a research note on Wednesday, September 26th. They issued a “buy” rating and a $35.00 target price for the company. Citigroup reduced their target price on shares of Jeld-Wen from $32.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, August 9th. Deutsche Bank cut their price objective on shares of Jeld-Wen from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, June 25th. Finally, B. Riley cut their price objective on shares of Jeld-Wen from $37.00 to $30.00 and set a “neutral” rating for the company in a research report on Wednesday, August 8th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $33.00.
Shares of JELD stock traded down $0.22 during trading hours on Friday, reaching $24.09. The stock had a trading volume of 483,338 shares, compared to its average volume of 765,277. Jeld-Wen Holding Inc has a 12 month low of $23.44 and a 12 month high of $42.27. The firm has a market capitalization of $2.59 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 0.73 and a beta of 1.64. The company has a current ratio of 2.03, a quick ratio of 1.21 and a debt-to-equity ratio of 1.91.
Jeld-Wen (NYSE:JELD) last announced its earnings results on Tuesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.11). Jeld-Wen had a net margin of 0.82% and a return on equity of 20.44%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Sell-side analysts predict that Jeld-Wen Holding Inc will post 1.86 EPS for the current year.
In other news, EVP Peter Maxwell sold 4,982 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $26.16, for a total value of $130,329.12. Following the completion of the sale, the executive vice president now directly owns 17,136 shares in the company, valued at approximately $448,277.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.55% of the company’s stock.
Jeld-Wen Company Profile
JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.
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