DNB Asset Management AS decreased its position in shares of Jeld-Wen Holding Inc (NYSE:JELD) by 12.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 168,144 shares of the company’s stock after selling 23,013 shares during the quarter. DNB Asset Management AS owned approximately 0.17% of Jeld-Wen worth $3,245,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC bought a new position in Jeld-Wen during the 2nd quarter valued at about $12,152,000. Morgan Stanley boosted its position in Jeld-Wen by 750.1% in the 2nd quarter. Morgan Stanley now owns 220,455 shares of the company’s stock valued at $4,680,000 after buying an additional 194,521 shares during the period. Southpoint Capital Advisors LP boosted its position in Jeld-Wen by 7.3% in the 2nd quarter. Southpoint Capital Advisors LP now owns 2,682,700 shares of the company’s stock valued at $56,954,000 after buying an additional 182,700 shares during the period. Renaissance Technologies LLC boosted its position in Jeld-Wen by 99.8% in the 2nd quarter. Renaissance Technologies LLC now owns 225,600 shares of the company’s stock valued at $4,789,000 after buying an additional 112,700 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Jeld-Wen by 184.5% in the 2nd quarter. Wells Fargo & Company MN now owns 117,899 shares of the company’s stock valued at $2,503,000 after buying an additional 76,455 shares during the period. Institutional investors own 59.45% of the company’s stock.
NYSE JELD traded up $0.57 during mid-day trading on Friday, reaching $20.77. 665,013 shares of the stock were exchanged, compared to its average volume of 490,472. The business’s 50 day moving average is $18.19 and its 200-day moving average is $19.42. Jeld-Wen Holding Inc has a 1 year low of $13.28 and a 1 year high of $22.27. The company has a market capitalization of $2.03 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.51 and a beta of 2.58. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.96 and a current ratio of 1.66.
Jeld-Wen (NYSE:JELD) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.12). The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Jeld-Wen had a net margin of 2.47% and a return on equity of 19.84%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 earnings per share. Equities analysts predict that Jeld-Wen Holding Inc will post 1.36 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on the stock. B. Riley lowered their price objective on shares of Jeld-Wen from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. Royal Bank of Canada reduced their price objective on shares of Jeld-Wen from $20.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, October 14th. Zacks Investment Research lowered shares of Jeld-Wen from a “hold” rating to a “sell” rating in a research note on Tuesday, July 23rd. ValuEngine lowered shares of Jeld-Wen from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Barclays restated a “buy” rating and set a $20.00 price target on shares of Jeld-Wen in a research note on Tuesday, October 15th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $20.11.
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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