JELD-WEN Holding, Inc. (NYSE:JELD) Stock Position Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in JELD-WEN Holding, Inc. (NYSE:JELD) by 64.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 213,281 shares of the company’s stock after buying an additional 83,203 shares during the quarter. JPMorgan Chase & Co. owned 0.25% of JELD-WEN worth $1,747,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Diversified Trust Co increased its holdings in JELD-WEN by 8.8% in the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock worth $226,000 after buying an additional 2,242 shares during the last quarter. Performa Ltd US LLC grew its position in JELD-WEN by 1,580.0% in the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after acquiring an additional 3,950 shares in the last quarter. Rhumbline Advisers increased its stake in shares of JELD-WEN by 3.5% during the 4th quarter. Rhumbline Advisers now owns 148,461 shares of the company’s stock worth $1,216,000 after purchasing an additional 4,962 shares during the last quarter. US Bancorp DE raised its holdings in shares of JELD-WEN by 257.6% during the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after purchasing an additional 7,025 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of JELD-WEN by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock valued at $30,771,000 after purchasing an additional 9,468 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

JELD-WEN Stock Performance

NYSE JELD opened at $5.31 on Friday. The company’s fifty day moving average is $5.81 and its two-hundred day moving average is $9.01. JELD-WEN Holding, Inc. has a 52-week low of $4.91 and a 52-week high of $21.75. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The firm has a market capitalization of $452.87 million, a price-to-earnings ratio of -2.38 and a beta of 1.93.

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Loop Capital lowered their target price on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. Barclays lowered their price objective on JELD-WEN from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. UBS Group reduced their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, February 19th. 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, StockNews.com cut shares of JELD-WEN from a “hold” rating to a “sell” rating in a research note on Friday, March 7th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.94.

Insider Activity

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 100,000 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average cost of $5.86 per share, for a total transaction of $586,000.00. Following the transaction, the insider now owns 12,664,379 shares in the company, valued at approximately $74,213,260.94. The trade was a 0.80 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Steven E. Wynne purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average cost of $6.01 per share, with a total value of $60,100.00. Following the transaction, the director now directly owns 28,000 shares of the company’s stock, valued at approximately $168,280. This represents a 55.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 711,548 shares of company stock worth $4,008,827. Company insiders own 1.24% of the company’s stock.

JELD-WEN 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.