DNB Asset Management AS lifted its position in shares of Jeld-Wen Holding Inc (NYSE:JELD) by 11.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,674 shares of the company’s stock after purchasing an additional 11,812 shares during the quarter. DNB Asset Management AS’s holdings in Jeld-Wen were worth $2,025,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the business. Rafferty Asset Management LLC boosted its holdings in Jeld-Wen by 8.5% in the fourth quarter. Rafferty Asset Management LLC now owns 11,043 shares of the company’s stock worth $157,000 after acquiring an additional 861 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in Jeld-Wen by 2.7% in the fourth quarter. Macquarie Group Ltd. now owns 51,544 shares of the company’s stock worth $732,000 after acquiring an additional 1,340 shares in the last quarter. Citigroup Inc. boosted its holdings in Jeld-Wen by 23.6% in the fourth quarter. Citigroup Inc. now owns 7,683 shares of the company’s stock worth $109,000 after acquiring an additional 1,466 shares in the last quarter. Loews Corp boosted its holdings in Jeld-Wen by 13.2% in the fourth quarter. Loews Corp now owns 12,699 shares of the company’s stock worth $180,000 after acquiring an additional 1,477 shares in the last quarter. Finally, Teachers Advisors LLC boosted its holdings in Jeld-Wen by 0.8% in the third quarter. Teachers Advisors LLC now owns 239,389 shares of the company’s stock worth $5,903,000 after acquiring an additional 1,907 shares in the last quarter. 68.61% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on JELD shares. Seaport Global Securities started coverage on Jeld-Wen in a research note on Friday, March 15th. They issued a “buy” rating and a $26.00 price target for the company. Zacks Investment Research upgraded Jeld-Wen from a “sell” rating to a “hold” rating in a research note on Wednesday, December 19th. Credit Suisse Group set a $20.00 price target on Jeld-Wen and gave the stock a “hold” rating in a research note on Tuesday, February 26th. Finally, Royal Bank of Canada set a $21.00 price target on Jeld-Wen and gave the stock a “hold” rating in a research note on Wednesday, February 20th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $23.87.
JELD stock opened at $20.00 on Wednesday. Jeld-Wen Holding Inc has a 1-year low of $13.28 and a 1-year high of $32.32. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.72 and a quick ratio of 0.95. The firm has a market capitalization of $1.99 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 1.02 and a beta of 2.85.
Jeld-Wen (NYSE:JELD) last posted its quarterly earnings results on Tuesday, February 19th. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.06. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Jeld-Wen had a return on equity of 20.96% and a net margin of 3.32%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 earnings per share. As a group, research analysts anticipate that Jeld-Wen Holding Inc will post 1.76 EPS for the current fiscal year.
In related news, Chairman Kirk S. Hachigian sold 42,927 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $20.08, for a total transaction of $861,974.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.47% of the stock is currently owned by corporate insiders.
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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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