JELD-WEN Holding, Inc. (NYSE:JELD) Position Lifted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in JELD-WEN Holding, Inc. (NYSE:JELD) by 60.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,042 shares of the company’s stock after purchasing an additional 7,897 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in JELD-WEN were worth $397,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of JELD. SG Americas Securities LLC increased its holdings in JELD-WEN by 119.3% in the third quarter. SG Americas Securities LLC now owns 47,871 shares of the company’s stock valued at $640,000 after buying an additional 26,046 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in JELD-WEN by 4.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 474,426 shares of the company’s stock worth $6,338,000 after buying an additional 22,210 shares during the last quarter. Mackenzie Financial Corp acquired a new position in shares of JELD-WEN in the 3rd quarter worth approximately $202,000. Planning Center Inc. bought a new stake in shares of JELD-WEN in the 3rd quarter valued at approximately $673,000. Finally, Strs Ohio raised its position in shares of JELD-WEN by 128.6% during the 3rd quarter. Strs Ohio now owns 53,500 shares of the company’s stock valued at $714,000 after acquiring an additional 30,100 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Stock Performance

Shares of JELD stock opened at $20.06 on Friday. JELD-WEN Holding, Inc. has a 12-month low of $11.02 and a 12-month high of $21.75. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.20 and a quick ratio of 1.49. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 27.48 and a beta of 2.32. The business has a 50 day simple moving average of $19.47 and a 200 day simple moving average of $17.67.

JELD-WEN (NYSE:JELD) last released 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. JELD-WEN had a return on equity of 17.99% and a net margin of 1.40%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the business posted $0.47 earnings per share. On average, equities research analysts anticipate that JELD-WEN Holding, Inc. will post 1.6 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on JELD shares. Truist Financial lifted their price objective on shares of JELD-WEN from $15.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, February 21st. Loop Capital assumed coverage on shares of JELD-WEN in a report on Thursday, February 15th. They issued a “hold” rating and a $22.00 price target for the company. Royal Bank of Canada increased their price objective on shares of JELD-WEN from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 21st. B. Riley raised their target price on shares of JELD-WEN from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, February 21st. Finally, Oppenheimer started coverage on JELD-WEN in a report on Friday, January 19th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.30.

Insider Buying and Selling at JELD-WEN

In related news, Director Roderick Wendt sold 10,000 shares of the business’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 transaction of $307,600.00. Following the sale, the director now owns 294,558 shares of the company’s stock, valued at $9,060,604.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Roderick Wendt sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $30.76, for a total transaction of $307,600.00. Following the completion of the transaction, the director now owns 294,558 shares of the company’s stock, valued at $9,060,604.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Turtle Creek Asset Management sold 53,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 814,463 shares in the company, valued at $15,922,751.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 127,000 shares of company stock valued at $2,698,610. Company insiders own 1.03% of the company’s stock.

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.