The Manufacturers Life Insurance Company increased its holdings in JELD-WEN Holding, Inc. (NYSE:JELD) by 21.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,039 shares of the company’s stock after purchasing an additional 9,155 shares during the period. The Manufacturers Life Insurance Company’s holdings in JELD-WEN were worth $2,048,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of JELD-WEN during the third quarter worth about $110,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of JELD-WEN by 331.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,522 shares of the company’s stock worth $139,000 after acquiring an additional 2,706 shares in the last quarter. Strs Ohio acquired a new position in shares of JELD-WEN in the fourth quarter worth about $149,000. Sii Investments Inc. WI acquired a new position in shares of JELD-WEN in the third quarter worth about $217,000. Finally, First Quadrant L P CA acquired a new stake in JELD-WEN during the fourth quarter valued at approximately $219,000. 59.58% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on JELD shares. Barclays restated a “buy” rating and set a $39.00 price objective on shares of JELD-WEN in a research note on Sunday, February 25th. Deutsche Bank lowered JELD-WEN from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $42.27 to $36.00 in a report on Thursday, March 22nd. JPMorgan Chase lowered JELD-WEN from an “overweight” rating to a “neutral” rating and set a $32.00 price objective for the company. in a report on Thursday, February 22nd. Credit Suisse Group restated an “outperform” rating and issued a $47.00 target price (up from $41.00) on shares of JELD-WEN in a research report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Royal Bank of Canada set a $39.00 target price on JELD-WEN and gave the stock a “buy” rating in a research report on Friday, February 23rd. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $39.15.
Shares of NYSE:JELD traded down $0.93 during midday trading on Friday, hitting $29.63. The company’s stock had a trading volume of 366,060 shares, compared to its average volume of 826,433. The company has a market cap of $3,249.81, a P/E ratio of 20.02, a P/E/G ratio of 0.99 and a beta of 2.35. JELD-WEN Holding, Inc. has a fifty-two week low of $27.61 and a fifty-two week high of $42.27. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.28 and a current ratio of 1.98.
JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.15). JELD-WEN had a net margin of 0.29% and a return on equity of 18.76%. The business had revenue of $976.00 million during the quarter, compared to analyst estimates of $1 billion. The firm’s quarterly revenue was up .3% compared to the same quarter last year. equities analysts predict that JELD-WEN Holding, Inc. will post 2.24 EPS for the current year.
In other JELD-WEN news, Director Patrick Wright Tolbert purchased 2,860 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was purchased at an average price of $30.88 per share, for a total transaction of $88,316.80. Following the completion of the purchase, the director now directly owns 4,343 shares in the company, valued at $134,111.84. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Roderick Wendt sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $32.17, for a total transaction of $965,100.00. The disclosure for this sale can be found here. 4.55% of the stock is currently owned by company insiders.
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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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