Northern Trust Corp Acquires 25,315 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Northern Trust Corp grew its stake in JELD-WEN Holding, Inc. (NYSE:JELD) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 819,893 shares of the company’s stock after acquiring an additional 25,315 shares during the period. Northern Trust Corp owned 0.97% of JELD-WEN worth $6,715,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the stock. Performa Ltd US LLC lifted its stake 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 valued at $34,000 after buying an additional 3,950 shares during the period. Quarry LP bought a new position in JELD-WEN in the fourth quarter valued at $46,000. US Bancorp DE boosted its stake 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 worth $80,000 after buying an additional 7,025 shares during the last quarter. Boothbay Fund Management LLC bought a new position in JELD-WEN in the fourth quarter valued at approximately $100,000. Finally, AXQ Capital LP bought a new position in shares of JELD-WEN in the fourth quarter valued at $105,000. Institutional investors own 95.04% of the company’s stock.

Insider Activity at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management acquired 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $4.26 per share, with a total value of $639,000.00. Following the acquisition, the insider now directly owns 13,250,853 shares in the company, valued at $56,448,633.78. The trade was a 1.14% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Steven E. Wynne purchased 10,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $6.01 per share, with a total value of $60,100.00. Following the purchase, the director now directly owns 28,000 shares of the company’s stock, valued at approximately $168,280. The trade was a 55.56% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 864,404 shares of company stock valued at $4,662,392 over the last quarter. 1.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

JELD has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on JELD-WEN from $6.00 to $5.25 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Truist Financial dropped their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. UBS Group reduced their target price on shares of JELD-WEN from $7.50 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. StockNews.com cut shares of JELD-WEN from a “hold” rating to a “sell” rating in a report on Wednesday, May 14th. Finally, Barclays cut their price objective on shares of JELD-WEN from $5.00 to $4.50 and set an “equal weight” rating for the company in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.34.

JELD-WEN Stock Performance

Shares of NYSE:JELD opened at $3.82 on Tuesday. JELD-WEN Holding, Inc. has a 12-month low of $3.73 and a 12-month high of $17.70. The company’s 50 day moving average price is $5.33 and its two-hundred day moving average price is $7.64. The firm has a market cap of $326.10 million, a PE ratio of -1.71 and a beta of 1.86. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. The business had revenue of $776.00 million for the quarter, compared to the consensus estimate of $769.25 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The firm’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. Equities research analysts predict that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current 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.