JELD-WEN Holding, Inc. (NYSE:JELD) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 4.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 480,049 shares of the company’s stock after selling 19,937 shares during the period. Federated Hermes Inc.’s holdings in JELD-WEN were worth $9,063,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of JELD. Vanguard Group Inc. lifted its stake in JELD-WEN by 4.1% during 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 in the last quarter. Panagora Asset Management Inc. lifted its stake in JELD-WEN by 103.4% during 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 in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in JELD-WEN during the third quarter valued at about $2,003,000. First Eagle Investment Management LLC purchased a new stake in JELD-WEN during the third quarter valued at about $1,683,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of JELD-WEN by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,024,732 shares of the company’s stock valued at $27,050,000 after purchasing an additional 76,609 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management sold 53,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $19.55, for a total transaction of $1,036,150.00. Following the transaction, the insider now owns 814,463 shares in the company, valued at $15,922,751.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Roderick Wendt sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $28.35, for a total value of $283,500.00. Following the completion of the sale, the director now directly owns 304,558 shares of the company’s stock, valued at $8,634,219.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Turtle Creek Asset Management sold 53,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $19.55, for a total value of $1,036,150.00. Following the completion of the sale, the insider now directly owns 814,463 shares of the company’s stock, valued at $15,922,751.65. The disclosure for this sale can be found here. Insiders have sold a total of 127,000 shares of company stock worth $2,698,610 over the last 90 days. Insiders own 1.03% of the company’s stock.

JELD-WEN Trading Down 0.7 %

NYSE:JELD opened at $18.81 on Thursday. The stock’s 50 day moving average price is $19.22 and its 200 day moving average price is $17.31. JELD-WEN Holding, Inc. has a 52 week low of $11.02 and a 52 week high of $21.67. The company has a market capitalization of $1.62 billion, a P/E ratio of 25.77 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 (NYSE:JELD) last released its quarterly earnings data on Monday, February 19th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. JELD-WEN had a return on equity of 17.99% and a net margin of 1.40%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. On average, research analysts forecast that JELD-WEN Holding, Inc. will post 1.6 EPS for the current fiscal year.

Analysts Set New Price Targets

JELD has been the topic of a number of research 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 report on Wednesday, February 21st. Oppenheimer initiated coverage on JELD-WEN in a report on Friday, January 19th. They issued a “market perform” rating on the stock. Loop Capital initiated coverage on JELD-WEN in a report on Thursday, February 15th. They issued a “hold” rating and a $22.00 target price on the stock. Truist Financial upped their target price on JELD-WEN from $15.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, February 21st. Finally, B. Riley upped their target price on JELD-WEN from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, February 21st. One investment 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. Based on data from MarketBeat.com, JELD-WEN presently 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.