International Assets Investment Management LLC Makes New $125,000 Investment in JELD-WEN Holding, Inc. (NYSE:JELD)

International Assets Investment Management LLC bought a new stake in JELD-WEN Holding, Inc. (NYSE:JELD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,627 shares of the company’s stock, valued at approximately $125,000.

A number of other hedge funds and other institutional investors have also modified their holdings of JELD. Versor Investments LP acquired a new stake in JELD-WEN during the third quarter worth about $171,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in JELD-WEN by 22.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,145 shares of the company’s stock valued at $176,000 after acquiring an additional 2,415 shares during the last quarter. Mackenzie Financial Corp acquired a new position in JELD-WEN in the third quarter valued at approximately $202,000. QRG Capital Management Inc. purchased a new position in JELD-WEN in the third quarter worth approximately $238,000. Finally, Rafferty Asset Management LLC increased its stake in JELD-WEN by 9.7% during the third quarter. Rafferty Asset Management LLC now owns 20,491 shares of the company’s stock worth $274,000 after acquiring an additional 1,817 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

JELD-WEN Price Performance

JELD stock opened at $21.00 on Tuesday. The business’s 50-day moving average is $19.32 and its two-hundred day moving average is $17.53. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.20 and a quick ratio of 1.49. The firm has a market capitalization of $1.81 billion, a P/E ratio of 28.77 and a beta of 2.35. JELD-WEN Holding, Inc. has a 1 year low of $11.02 and a 1 year high of $21.75.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, February 19th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. JELD-WEN had a net margin of 1.40% and a return on equity of 17.99%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Analysts anticipate that JELD-WEN Holding, Inc. will post 1.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

JELD-WEN 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.