Swiss National Bank Sells 21,500 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Swiss National Bank decreased its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 10.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 182,000 shares of the company’s stock after selling 21,500 shares during the period. Swiss National Bank owned approximately 0.21% of JELD-WEN worth $2,304,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. lifted its stake in shares of JELD-WEN by 9.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 10,283,905 shares of the company’s stock valued at $99,240,000 after acquiring an additional 875,911 shares during the last quarter. Vanguard Group Inc. increased its holdings in JELD-WEN by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,440,902 shares of the company’s stock valued at $171,182,000 after purchasing an additional 30,138 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in JELD-WEN by 1.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,179,640 shares of the company’s stock valued at $21,034,000 after purchasing an additional 41,313 shares during the period. State Street Corp increased its holdings in JELD-WEN by 6.2% during the 1st quarter. State Street Corp now owns 1,814,001 shares of the company’s stock valued at $36,788,000 after purchasing an additional 106,466 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in JELD-WEN by 21.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,650,726 shares of the company’s stock valued at $15,930,000 after purchasing an additional 287,568 shares during the period. Institutional investors own 92.28% of the company’s stock.

JELD-WEN Stock Down 9.7 %

Shares of NYSE JELD opened at $13.71 on Wednesday. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.08 and a beta of 2.38. JELD-WEN Holding, Inc. has a 52-week low of $8.38 and a 52-week high of $18.52. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.42 and a current ratio of 2.06. The stock has a 50 day moving average price of $16.54 and a 200 day moving average price of $14.51.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, August 7th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.11. JELD-WEN had a return on equity of 23.29% and a net margin of 1.08%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm posted $0.57 earnings per share. The business’s quarterly revenue was down 4.5% on a year-over-year basis. Sell-side analysts expect that JELD-WEN Holding, Inc. will post 1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on JELD shares. Stifel Nicolaus increased their target price on JELD-WEN from $13.00 to $15.00 in a research report on Wednesday, May 10th. Royal Bank of Canada raised their price objective on JELD-WEN from $12.00 to $13.00 and gave the company an “underperform” rating in a research report on Wednesday, August 9th. Jefferies Financial Group raised their price objective on JELD-WEN from $15.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, July 13th. Truist Financial increased their target price on JELD-WEN from $12.00 to $15.00 in a research note on Thursday, May 11th. Finally, B. Riley increased their target price on JELD-WEN from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.88.

JELD-WEN Profile

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.