Raymond James & Associates Has $2.42 Million Stock Holdings in JELD-WEN Holding, Inc. (NYSE:JELD)

Raymond James & Associates grew its stake in JELD-WEN Holding, Inc. (NYSE:JELD) by 6.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 128,103 shares of the company’s stock after buying an additional 8,204 shares during the period. Raymond James & Associates’ holdings in JELD-WEN were worth $2,419,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of JELD-WEN by 4.1% in the third quarter. Vanguard Group Inc. now owns 8,790,549 shares of the company’s stock valued at $117,442,000 after buying an additional 344,435 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of JELD-WEN by 178.0% in the third quarter. State Board of Administration of Florida Retirement System now owns 67,219 shares of the company’s stock valued at $898,000 after buying an additional 43,037 shares during the period. First Eagle Investment Management LLC acquired a new stake in shares of JELD-WEN in the third quarter valued at about $1,683,000. Versor Investments LP acquired a new stake in shares of JELD-WEN in the third quarter valued at about $171,000. Finally, Panagora Asset Management Inc. increased its stake in shares of JELD-WEN by 103.4% in the third quarter. Panagora Asset Management Inc. now owns 318,026 shares of the company’s stock valued at $4,249,000 after buying an additional 161,693 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Stock Down 0.7 %

Shares of NYSE:JELD opened at $19.23 on Tuesday. The business’s 50 day simple moving average is $19.31 and its two-hundred day simple moving average is $17.09. The firm has a market cap of $1.65 billion, a P/E ratio of 26.34 and a beta of 2.35. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.49 and a current ratio of 2.20. JELD-WEN Holding, Inc. has a 52-week low of $11.02 and a 52-week high of $21.67.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Monday, February 19th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.12. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. JELD-WEN had a return on equity of 17.99% and a net margin of 1.40%. During the same quarter in the prior year, the company earned $0.47 earnings per share. As a group, research analysts forecast that JELD-WEN Holding, Inc. will post 1.67 EPS for the current fiscal year.

Insider Activity

In other news, Director Roderick Wendt sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $30.76, for a total value of $307,600.00. Following the transaction, the director now owns 294,558 shares in the company, valued at $9,060,604.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Turtle Creek Asset Management sold 54,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.84, for a total transaction of $1,071,360.00. Following the completion of the sale, the insider now directly owns 760,463 shares of the company’s stock, valued at $15,087,585.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roderick Wendt sold 10,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $30.76, for a total value of $307,600.00. Following the completion of the sale, the director now directly owns 294,558 shares of the company’s stock, valued at $9,060,604.08. The disclosure for this sale can be found here. Insiders have sold 127,000 shares of company stock worth $2,698,610 over the last 90 days. 1.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

JELD has been the topic of several research analyst reports. Royal Bank of Canada upped their target price on JELD-WEN from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Wednesday, February 21st. B. Riley upped their target price on JELD-WEN from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, February 21st. Truist Financial upped their target price on JELD-WEN from $15.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, February 21st. Loop Capital initiated coverage on JELD-WEN in a research report on Thursday, February 15th. They set a “hold” rating and a $22.00 target price on the stock. Finally, Stifel Nicolaus upped their target price on JELD-WEN from $18.00 to $21.00 and gave the company a “hold” rating in a research report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.30.

JELD-WEN Company 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.