Strs Ohio Sells 8,300 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Strs Ohio cut its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 15.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,200 shares of the company’s stock after selling 8,300 shares during the period. Strs Ohio’s holdings in JELD-WEN were worth $853,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in JELD. DekaBank Deutsche Girozentrale purchased a new stake in JELD-WEN in the fourth quarter worth about $118,000. International Assets Investment Management LLC purchased a new position in JELD-WEN during the fourth quarter valued at approximately $125,000. Summit Global Investments bought a new position in JELD-WEN in the third quarter worth approximately $154,000. Versor Investments LP purchased a new stake in JELD-WEN during the third quarter worth $171,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in JELD-WEN by 22.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,145 shares of the company’s stock valued at $176,000 after acquiring an additional 2,415 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Stock Performance

Shares of JELD stock opened at $18.81 on Thursday. The stock has a market cap of $1.62 billion, a PE ratio of 25.77 and a beta of 2.35. JELD-WEN Holding, Inc. has a 52-week low of $11.02 and a 52-week high of $21.67. The business has a 50-day simple moving average of $19.22 and a 200-day simple moving average of $17.31. The company has a quick ratio of 1.49, a current ratio of 2.20 and a debt-to-equity ratio of 1.40.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, February 19th. The company reported $0.37 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 firm posted $0.47 EPS. On average, equities analysts expect that JELD-WEN Holding, Inc. will post 1.6 EPS for the current year.

Insider Transactions at JELD-WEN

In other news, Director Roderick Wendt sold 10,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $30.76, for a total transaction of $307,600.00. Following the transaction, the director now owns 294,558 shares in the company, 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 link. In other JELD-WEN news, major shareholder Turtle Creek Asset Management sold 54,000 shares of the business’s stock in a transaction 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 transaction, the insider now owns 760,463 shares of the company’s stock, valued at $15,087,585.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roderick Wendt sold 10,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 294,558 shares of the company’s stock, valued at approximately $9,060,604.08. The disclosure for this sale can be found here. Insiders have sold a total of 127,000 shares of company stock valued at $2,698,610 in the last ninety days. 1.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

JELD has been the subject of a number of analyst reports. Oppenheimer began coverage on JELD-WEN in a research note on Friday, January 19th. They set a “market perform” rating for the company. Royal Bank of Canada lifted their price objective on shares of JELD-WEN from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 21st. Truist Financial increased their target price on shares of 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 began coverage on JELD-WEN in a research note on Thursday, February 15th. They set a “hold” rating and a $22.00 target price on the stock. Finally, B. Riley raised their price target on JELD-WEN from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average 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.