DekaBank Deutsche Girozentrale Buys Shares of 6,177 JELD-WEN Holding, Inc. (NYSE:JELD)

DekaBank Deutsche Girozentrale bought a new stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,177 shares of the company’s stock, valued at approximately $118,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JELD. International Assets Investment Management LLC purchased a new stake in shares of JELD-WEN in the fourth quarter worth $125,000. Assenagon Asset Management S.A. increased its stake in shares of JELD-WEN by 22.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 314,880 shares of the company’s stock worth $5,945,000 after purchasing an additional 56,807 shares in the last quarter. Raymond James & Associates increased its stake in shares of JELD-WEN by 6.8% in the fourth quarter. Raymond James & Associates now owns 128,103 shares of the company’s stock worth $2,419,000 after purchasing an additional 8,204 shares in the last quarter. Ziegler Capital Management LLC increased its stake in shares of JELD-WEN by 5.8% in the fourth quarter. Ziegler Capital Management LLC now owns 43,930 shares of the company’s stock worth $829,000 after purchasing an additional 2,392 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of JELD-WEN by 4.1% in the third quarter. Vanguard Group Inc. now owns 8,790,549 shares of the company’s stock worth $117,442,000 after purchasing an additional 344,435 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on JELD shares. Loop Capital started coverage on shares of JELD-WEN in a research report on Thursday, February 15th. They set a “hold” rating and a $22.00 target price for the company. Royal Bank of Canada upped their target price on shares of JELD-WEN from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 21st. B. Riley upped their target price on shares of JELD-WEN from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 21st. Truist Financial upped their target price on shares of JELD-WEN from $15.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, February 21st. Finally, Oppenheimer began coverage on shares of JELD-WEN in a research report on Friday, January 19th. They set a “market perform” rating for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.30.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management sold 53,000 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $19.55, for a total value of $1,036,150.00. Following the sale, the insider now owns 814,463 shares of the company’s stock, valued at $15,922,751.65. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, major shareholder Turtle Creek Asset Management sold 53,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $19.55, for a total value of $1,036,150.00. Following the transaction, the insider now owns 814,463 shares of the company’s stock, valued at approximately $15,922,751.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Roderick Wendt sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $30.76, for a total transaction of $307,600.00. Following the completion of the transaction, the director now directly owns 294,558 shares in the company, valued at approximately $9,060,604.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 127,000 shares of company stock valued at $2,698,610. 1.03% of the stock is currently owned by company insiders.

JELD-WEN Price Performance

JELD stock opened at $18.04 on Thursday. JELD-WEN Holding, Inc. has a 52 week low of $11.02 and a 52 week high of $21.67. The firm has a market capitalization of $1.55 billion, a P/E ratio of 24.71 and a beta of 2.35. The company has a quick ratio of 1.49, a current ratio of 2.20 and a debt-to-equity ratio of 1.40. The company has a fifty day simple moving average of $19.30 and a two-hundred day simple moving average of $17.13.

JELD-WEN (NYSE:JELD) last announced its earnings results on Monday, February 19th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.12. JELD-WEN had a net margin of 1.40% and a return on equity of 17.99%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Analysts anticipate that JELD-WEN Holding, Inc. will post 1.67 earnings per share for the current fiscal year.

JELD-WEN Company Profile

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.