Russell Investments Group Ltd. Decreases Stake in JELD-WEN Holding, Inc. (NYSE:JELD)

Russell Investments Group Ltd. trimmed its holdings in JELD-WEN Holding, Inc. (NYSE:JELD) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 138,723 shares of the company’s stock after selling 5,348 shares during the quarter. Russell Investments Group Ltd. owned about 0.16% of JELD-WEN worth $1,136,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Wells Fargo & Company MN boosted its stake in shares of JELD-WEN by 45.8% in the 4th quarter. Wells Fargo & Company MN now owns 51,214 shares of the company’s stock worth $419,000 after buying an additional 16,091 shares during the last quarter. Norges Bank bought a new stake in shares of JELD-WEN during the 4th quarter valued at about $1,694,000. JPMorgan Chase & Co. lifted its stake in shares of JELD-WEN by 64.0% in the 4th quarter. JPMorgan Chase & Co. now owns 213,281 shares of the company’s stock worth $1,747,000 after purchasing an additional 83,203 shares during the period. Vanguard Group Inc. grew its position in JELD-WEN by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company’s stock valued at $69,984,000 after buying an additional 101,944 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in JELD-WEN in the fourth quarter worth approximately $179,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

JELD has been the subject of several analyst reports. Royal Bank of Canada reduced their target price on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a report on Wednesday, February 19th. The Goldman Sachs Group cut their price target on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. StockNews.com lowered JELD-WEN from a “hold” rating to a “sell” rating in a research note on Friday, March 7th. Truist Financial lowered their price target on JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Finally, Barclays lowered their target price on shares of JELD-WEN from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.94.

Insiders Place Their Bets

In related news, Director David G. Nord purchased 20,000 shares of JELD-WEN stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $5.96 per share, with a total value of $119,200.00. Following the purchase, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $238,400. This represents a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Turtle Creek Asset Management bought 72,000 shares of JELD-WEN stock in a transaction dated Thursday, February 27th. The shares were bought at an average cost of $6.08 per share, for a total transaction of $437,760.00. Following the completion of the transaction, the insider now owns 701,934 shares of the company’s stock, valued at approximately $4,267,758.72. This trade represents a 11.43 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 711,548 shares of company stock valued at $4,008,827 over the last three months. 1.24% of the stock is owned by company insiders.

JELD-WEN Price Performance

JELD stock opened at $5.20 on Tuesday. The company has a fifty day simple moving average of $5.95 and a two-hundred day simple moving average of $9.06. JELD-WEN Holding, Inc. has a 52 week low of $4.91 and a 52 week high of $21.75. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $443.90 million, a P/E ratio of -2.33 and a beta of 1.93.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.20). The company had revenue of $895.70 million during the quarter, compared to analysts’ expectations of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. Analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

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.