Geode Capital Management LLC Has $30.77 Million Stake in JELD-WEN Holding, Inc. (NYSE:JELD)

Geode Capital Management LLC raised its position in JELD-WEN Holding, Inc. (NYSE:JELD) by 0.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,945,899 shares of the company’s stock after buying an additional 9,468 shares during the quarter. Geode Capital Management LLC’s holdings in JELD-WEN were worth $30,771,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after buying an additional 1,284 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of JELD-WEN by 13.2% in the second quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock worth $242,000 after acquiring an additional 2,100 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of JELD-WEN by 102.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company’s stock valued at $59,000 after purchasing an additional 2,216 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of JELD-WEN during the 2nd quarter valued at approximately $30,000. Finally, The Manufacturers Life Insurance Company increased its position in JELD-WEN by 7.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,436 shares of the company’s stock worth $585,000 after purchasing an additional 3,066 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 200,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were bought at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the purchase, the insider now directly owns 11,941,452 shares of the company’s stock, valued at $125,146,416.96. This trade represents a 1.70 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on JELD shares. The Goldman Sachs Group cut their target price on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. UBS Group reduced their price objective on JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Jefferies Financial Group increased their target price on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. B. Riley reduced their price target on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, Barclays dropped their price objective on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.63.

JELD-WEN Price Performance

JELD-WEN stock opened at $8.38 on Friday. The firm has a market cap of $709.12 million, a P/E ratio of -4.58 and a beta of 2.12. The stock’s 50 day moving average is $11.36 and its 200 day moving average is $13.47. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. JELD-WEN Holding, Inc. has a one year low of $8.14 and a one year high of $21.75.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The firm had revenue of $934.70 million during the quarter, compared to the consensus estimate of $990.64 million. During the same period in the prior year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. As a group, research analysts expect that JELD-WEN Holding, Inc. will post 0.73 EPS for the current year.

About JELD-WEN

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.