Acadian Asset Management LLC cut its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD – Free Report) by 60.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,827 shares of the company’s stock after selling 16,502 shares during the quarter. Acadian Asset Management LLC’s holdings in JELD-WEN were worth $188,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its stake in shares of JELD-WEN by 14.8% during the second quarter. Envestnet Asset Management Inc. now owns 22,501 shares of the company’s stock worth $395,000 after purchasing an additional 2,909 shares in the last quarter. American International Group Inc. raised its stake in JELD-WEN by 1.8% in the second quarter. American International Group Inc. now owns 41,001 shares of the company’s stock valued at $719,000 after buying an additional 737 shares in the last quarter. Bank of New York Mellon Corp raised its stake in JELD-WEN by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 452,216 shares of the company’s stock valued at $7,932,000 after buying an additional 4,129 shares in the last quarter. LSV Asset Management raised its stake in JELD-WEN by 2,677.9% in the second quarter. LSV Asset Management now owns 263,900 shares of the company’s stock valued at $4,629,000 after buying an additional 254,400 shares in the last quarter. Finally, Signaturefd LLC raised its stake in JELD-WEN by 41.4% in the second quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $48,000 after buying an additional 799 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
JELD has been the topic of a number of analyst reports. Jefferies Financial Group cut their price target on JELD-WEN from $18.00 to $15.00 in a research note on Thursday, October 12th. JPMorgan Chase & Co. raised their price objective on JELD-WEN from $17.50 to $18.00 and gave the stock a “neutral” rating in a report on Monday, November 13th. Royal Bank of Canada raised their price objective on JELD-WEN from $12.00 to $13.00 and gave the stock an “underperform” rating in a report on Wednesday, August 9th. Truist Financial raised their price objective on JELD-WEN from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Finally, StockNews.com began coverage on JELD-WEN in a report on Thursday, October 5th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.40.
JELD-WEN Price Performance
Shares of JELD opened at $15.81 on Monday. JELD-WEN Holding, Inc. has a twelve month low of $9.00 and a twelve month high of $18.52. The stock’s 50 day moving average is $13.05 and its two-hundred day moving average is $14.74. The firm has a market capitalization of $1.35 billion, a PE ratio of 10.27, a P/E/G ratio of 1.20 and a beta of 2.31. The company has a current ratio of 2.08, a quick ratio of 1.37 and a debt-to-equity ratio of 1.43.
JELD-WEN (NYSE:JELD – Get Free Report) last announced its quarterly earnings data on Monday, November 6th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.17. JELD-WEN had a return on equity of 19.74% and a net margin of 2.75%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company earned $0.71 EPS. The firm’s revenue for the quarter was down 16.9% compared to the same quarter last year. Research analysts anticipate that JELD-WEN Holding, Inc. will post 1.38 earnings per share for the current year.
JELD-WEN Company 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.
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