State of New Jersey Common Pension Fund D Acquires Shares of 113,786 JELD-WEN Holding, Inc. (NYSE:JELD)

State of New Jersey Common Pension Fund D acquired a new stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD – Get Rating) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 113,786 shares of the company’s stock, valued at approximately $2,308,000. State of New Jersey Common Pension Fund D owned 0.13% of JELD-WEN at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in JELD-WEN during the 4th quarter valued at about $20,209,000. Assenagon Asset Management S.A. purchased a new stake in JELD-WEN during the 4th quarter valued at approximately $1,763,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in JELD-WEN by 20.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,265 shares of the company’s stock valued at $350,000 after buying an additional 2,258 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of JELD-WEN by 6.3% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 498,618 shares of the company’s stock valued at $13,144,000 after purchasing an additional 29,523 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in shares of JELD-WEN by 26.1% in the fourth quarter. Royce & Associates LP now owns 547,339 shares of the company’s stock valued at $14,428,000 after purchasing an additional 113,200 shares in the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 50,000 shares of the business’s stock in a transaction dated Tuesday, June 21st. The shares were acquired at an average price of $13.15 per share, with a total value of $657,500.00. Following the transaction, the insider now owns 10,880,510 shares of the company’s stock, valued at $143,078,706.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have acquired 201,578 shares of company stock valued at $2,767,487. Corporate insiders own 1.81% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JELD. The Goldman Sachs Group lowered their price target on JELD-WEN from $21.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, June 23rd. Truist Financial decreased their price objective on JELD-WEN from $25.00 to $21.00 in a report on Tuesday, May 3rd. B. Riley cut their target price on JELD-WEN from $22.00 to $17.00 in a research note on Tuesday. Stifel Nicolaus lowered JELD-WEN from a “buy” rating to a “hold” rating and cut their target price for the company from $22.00 to $17.00 in a research note on Tuesday. Finally, Royal Bank of Canada reiterated a “maintains” rating on shares of JELD-WEN in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.00.

JELD-WEN Stock Performance

NYSE JELD opened at $14.48 on Thursday. The stock has a market cap of $1.26 billion, a PE ratio of 10.57 and a beta of 2.21. The company has a current ratio of 2.02, a quick ratio of 1.29 and a debt-to-equity ratio of 2.20. JELD-WEN Holding, Inc. has a twelve month low of $12.12 and a twelve month high of $29.89. The stock has a fifty day simple moving average of $16.18 and a 200-day simple moving average of $19.72.

JELD-WEN (NYSE:JELD – Get Rating) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. JELD-WEN had a net margin of 2.59% and a return on equity of 18.48%. JELD-WEN’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 EPS. Equities analysts anticipate that JELD-WEN Holding, Inc. will post 2.15 earnings per share for the current year.

JELD-WEN Profile

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JELD-WEN Holding, Inc designs, 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, aluminum, and wood composite windows.

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