Sequoia Financial Advisors LLC Purchases New Position in JELD-WEN Holding, Inc. (NYSE:JELD)

Sequoia Financial Advisors LLC purchased a new stake in JELD-WEN Holding, Inc. (NYSE:JELD) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 23,815 shares of the company’s stock, valued at approximately $450,000.

Other large investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. lifted its position in JELD-WEN by 100.0% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the company’s stock valued at $28,000 after acquiring an additional 1,100 shares in the last quarter. Ensign Peak Advisors Inc purchased a new stake in JELD-WEN in the 3rd quarter valued at about $29,000. Quantbot Technologies LP boosted its stake in shares of JELD-WEN by 182.7% in the 1st quarter. Quantbot Technologies LP now owns 2,951 shares of the company’s stock worth $59,000 after buying an additional 1,907 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of JELD-WEN by 22.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,635 shares of the company’s stock worth $64,000 after buying an additional 659 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of JELD-WEN in the 4th quarter worth approximately $84,000. Institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on JELD. B. Riley boosted their target price on JELD-WEN from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 21st. Royal Bank of Canada boosted their target price on JELD-WEN from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 21st. Loop Capital began coverage on JELD-WEN in a research note on Thursday, February 15th. They issued a “hold” rating and a $22.00 target price on the stock. Truist Financial boosted their target price on JELD-WEN from $15.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, February 21st. Finally, Oppenheimer began coverage on JELD-WEN in a research note on Friday, January 19th. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.30.

JELD-WEN Trading Down 2.3 %

NYSE:JELD opened at $18.04 on Thursday. The company has a current ratio of 2.20, a quick ratio of 1.49 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $1.55 billion, a PE ratio of 24.71 and a beta of 2.35. The firm’s 50 day moving average is $19.30 and its 200 day moving average is $17.13. JELD-WEN Holding, Inc. has a 12 month low of $11.02 and a 12 month high of $21.67.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, February 19th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. JELD-WEN had a net margin of 1.40% and a return on equity of 17.99%. During the same quarter in the previous year, the firm posted $0.47 EPS. Sell-side analysts expect that JELD-WEN Holding, Inc. will post 1.67 earnings per share for the current year.

Insider Buying and Selling at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management sold 53,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $19.55, for a total transaction of $1,036,150.00. Following the sale, the insider now owns 814,463 shares of the company’s stock, valued at approximately $15,922,751.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other JELD-WEN news, Director Roderick Wendt sold 10,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $30.76, for a total transaction of $307,600.00. Following the sale, the director now owns 294,558 shares of the company’s stock, valued at approximately $9,060,604.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Turtle Creek Asset Management sold 53,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $19.55, for a total transaction of $1,036,150.00. Following the sale, the insider now directly owns 814,463 shares in the company, valued at approximately $15,922,751.65. The disclosure for this sale can be found here. Insiders have sold 127,000 shares of company stock valued at $2,698,610 in the last 90 days. 1.03% of the stock is currently owned by company insiders.

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.