Mercer Global Advisors Inc. ADV Reduces Holdings in JELD-WEN Holding, Inc. (NYSE:JELD)

Mercer Global Advisors Inc. ADV lessened its position in JELD-WEN Holding, Inc. (NYSE:JELD) by 10.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,176 shares of the company’s stock after selling 2,775 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in JELD-WEN were worth $312,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of JELD. Pzena Investment Management LLC grew its holdings in shares of JELD-WEN by 26.3% during the 2nd quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company’s stock worth $125,552,000 after acquiring an additional 1,939,052 shares during the period. Vanguard Group Inc. increased its position in shares of JELD-WEN by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 8,862,466 shares of the company’s stock valued at $167,323,000 after acquiring an additional 71,917 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in JELD-WEN by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock worth $43,461,000 after acquiring an additional 191,657 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of JELD-WEN by 19.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company’s stock worth $18,400,000 after purchasing an additional 220,177 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of JELD-WEN by 319.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company’s stock worth $17,985,000 after purchasing an additional 1,017,275 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

JELD-WEN Stock Performance

NYSE:JELD opened at $15.80 on Monday. The stock has a 50-day simple moving average of $14.79 and a two-hundred day simple moving average of $15.99. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.33 and a current ratio of 2.03. JELD-WEN Holding, Inc. has a 52-week low of $11.02 and a 52-week high of $21.75. The firm has a market capitalization of $1.36 billion, a PE ratio of 68.70 and a beta of 2.24.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.11. The business had revenue of $986.00 million for the quarter, compared to the consensus estimate of $1 billion. JELD-WEN had a negative net margin of 0.92% and a positive return on equity of 14.32%. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 earnings per share. Analysts forecast that JELD-WEN Holding, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

JELD has been the topic of several recent analyst reports. Barclays dropped their price objective on JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Royal Bank of Canada reissued an “underperform” rating and set a $13.00 price objective on shares of JELD-WEN in a report on Wednesday, August 7th. The Goldman Sachs Group dropped their target price on shares of JELD-WEN from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Finally, Loop Capital decreased their target price on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.80.

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.