113,786 Shares in JELD-WEN Holding, Inc. (NYSE:JELD) Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D purchased a new position in JELD-WEN Holding, Inc. (NYSE:JELD – Get Rating) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 113,786 shares of the company’s stock, valued at approximately $2,308,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of JELD. Allspring Global Investments Holdings LLC acquired a new stake in JELD-WEN during the fourth quarter valued at approximately $20,209,000. Assenagon Asset Management S.A. bought a new position in JELD-WEN in the 4th quarter worth approximately $1,763,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in JELD-WEN by 20.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,265 shares of the company’s stock worth $350,000 after buying an additional 2,258 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in JELD-WEN by 6.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 498,618 shares of the company’s stock worth $13,144,000 after buying an additional 29,523 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in JELD-WEN by 26.1% in the 4th quarter. Royce & Associates LP now owns 547,339 shares of the company’s stock worth $14,428,000 after buying an additional 113,200 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

JELD-WEN Price Performance

JELD opened at $14.48 on Thursday. The stock has a fifty day moving average of $16.18 and a 200-day moving average of $19.72. The firm has a market capitalization of $1.26 billion, a P/E ratio of 10.57 and a beta of 2.21. JELD-WEN Holding, Inc. has a 12-month low of $12.12 and a 12-month high of $29.89. The company has a quick ratio of 1.29, a current ratio of 2.02 and a debt-to-equity ratio of 2.20.

JELD-WEN (NYSE:JELD – Get Rating) last released its earnings results on Monday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). JELD-WEN had a net margin of 2.59% and a return on equity of 18.48%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the company earned $0.59 EPS. JELD-WEN’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities analysts forecast that JELD-WEN Holding, Inc. will post 2.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on JELD shares. TheStreet lowered JELD-WEN from a “b-” rating to a “c+” rating in a research note on Wednesday, April 20th. Wells Fargo & Company downgraded JELD-WEN from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a research report on Tuesday, June 28th. The Goldman Sachs Group cut their price objective on JELD-WEN from $21.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, June 23rd. UBS Group cut their price objective on JELD-WEN from $35.00 to $21.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, B. Riley cut their price objective on JELD-WEN from $22.00 to $17.00 in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.00.

Insider Buying and Selling

In other news, major shareholder Turtle Creek Asset Management acquired 29,763 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was acquired at an average cost of $14.33 per share, for a total transaction of $426,503.79. Following the completion of the acquisition, the insider now owns 11,294,812 shares in the company, valued at $161,854,655.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders bought 201,578 shares of company stock worth $2,767,487. Corporate insiders own 1.81% of the company’s stock.

JELD-WEN Company Profile

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