Swiss National Bank Decreases Stock Position in JELD-WEN Holding, Inc. (NYSE:JELD)

Swiss National Bank lessened its stake in JELD-WEN Holding, Inc. (NYSE:JELD – Get Rating) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 203,500 shares of the company’s stock after selling 3,000 shares during the quarter. Swiss National Bank owned about 0.24% of JELD-WEN worth $1,964,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JELD. Ensign Peak Advisors Inc purchased a new position in shares of JELD-WEN during the 3rd quarter valued at approximately $29,000. Ronald Blue Trust Inc. boosted its stake in shares of JELD-WEN by 95.1% during the 4th quarter. Ronald Blue Trust Inc. now owns 3,672 shares of the company’s stock valued at $32,000 after buying an additional 1,790 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in shares of JELD-WEN during the 3rd quarter valued at approximately $38,000. US Bancorp DE boosted its stake in shares of JELD-WEN by 86.6% during the 3rd quarter. US Bancorp DE now owns 5,011 shares of the company’s stock valued at $44,000 after buying an additional 2,326 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of JELD-WEN by 182.7% during the 1st quarter. Quantbot Technologies LP now owns 2,951 shares of the company’s stock valued at $59,000 after buying an additional 1,907 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Insider Activity

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 20,000 shares of the stock in a transaction dated Tuesday, March 14th. The shares were bought at an average cost of $12.48 per share, with a total value of $249,600.00. Following the completion of the acquisition, the insider now owns 233,600 shares of the company’s stock, valued at $2,915,328. The purchase was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Timothy Craven sold 3,852 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $14.52, for a total transaction of $55,931.04. Following the completion of the transaction, the executive vice president now owns 44,038 shares of the company’s stock, valued at $639,431.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Turtle Creek Asset Management bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The shares were purchased at an average cost of $12.48 per share, with a total value of $249,600.00. Following the purchase, the insider now directly owns 233,600 shares of the company’s stock, valued at $2,915,328. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 42,795 shares of company stock valued at $603,465. Company insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on JELD. Stifel Nicolaus increased their target price on JELD-WEN from $13.00 to $15.00 in a research note on Wednesday, May 10th. StockNews.com raised JELD-WEN from a “hold” rating to a “buy” rating in a research report on Saturday, May 13th. Truist Financial upped their price target on JELD-WEN from $12.00 to $15.00 in a research report on Thursday, May 11th. The Goldman Sachs Group upped their price target on JELD-WEN from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, February 21st. Finally, B. Riley upped their price target on JELD-WEN from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, February 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.04.

JELD-WEN Price Performance

Shares of NYSE JELD opened at $14.07 on Friday. JELD-WEN Holding, Inc. has a 1-year low of $8.38 and a 1-year high of $19.51. The company has a debt-to-equity ratio of 2.30, a current ratio of 2.16 and a quick ratio of 1.38. The business’s fifty day moving average price is $12.72 and its two-hundred day moving average price is $11.81. The firm has a market capitalization of $1.20 billion, a PE ratio of 19.82 and a beta of 2.26.

JELD-WEN (NYSE:JELD – Get Rating) last issued its quarterly earnings results on Monday, May 8th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.27. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.10 billion. JELD-WEN had a return on equity of 25.42% and a net margin of 1.18%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. On average, research analysts expect that JELD-WEN Holding, Inc. will post 1.43 EPS for the current year.

About JELD-WEN

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JELD-WEN Holding, Inc engages in the manufacture and sale of doors, windows, and related products. It designs, produces, and distributes interior and exterior doors, wood, vinyl, aluminum windows, and related products for construction, repair, and remodeling of residential homes and non-residential buildings.