Ameriprise Financial Inc. Boosts Stock Position in JELD-WEN Holding, Inc. (NYSE:JELD)

Ameriprise Financial Inc. raised its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 157.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 129,605 shares of the company’s stock after acquiring an additional 79,281 shares during the period. Ameriprise Financial Inc. owned approximately 0.15% of JELD-WEN worth $1,061,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of JELD. MetLife Investment Management LLC raised its holdings in JELD-WEN by 6.3% during the fourth quarter. MetLife Investment Management LLC now owns 51,911 shares of the company’s stock worth $425,000 after purchasing an additional 3,066 shares in the last quarter. Performa Ltd US LLC raised its stake in shares of JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after buying an additional 3,950 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of JELD-WEN by 10.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 50,261 shares of the company’s stock worth $412,000 after buying an additional 4,944 shares in the last quarter. Rhumbline Advisers raised 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 buying an additional 4,962 shares in the last quarter. Finally, Quarry LP purchased a new position in JELD-WEN in the fourth quarter worth $46,000. 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 research analyst reports. UBS Group cut their price objective on JELD-WEN from $7.50 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. The Goldman Sachs Group cut their price target on shares of JELD-WEN from $6.00 to $5.25 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Royal Bank of Canada dropped their target price on shares of JELD-WEN from $5.00 to $2.00 and set an “underperform” rating for the company in a report on Wednesday, May 7th. Loop Capital dropped their target price on shares of JELD-WEN from $8.00 to $4.00 and set a “hold” rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen cut shares of JELD-WEN from a “hold” rating to a “sell” rating in a report on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.34.

JELD-WEN Stock Performance

NYSE:JELD opened at $3.65 on Monday. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The firm has a 50-day moving average price of $4.87 and a two-hundred day moving average price of $7.17. JELD-WEN Holding, Inc. has a twelve month low of $3.27 and a twelve month high of $17.70. The company has a market capitalization of $311.59 million, a P/E ratio of -1.64 and a beta of 1.86.

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

Insiders Place Their Bets

In other news, major shareholder Turtle Creek Asset Management purchased 150,000 shares of the stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $4.26 per share, for a total transaction of $639,000.00. Following the completion of the acquisition, the insider now directly owns 13,250,853 shares in the company, valued at $56,448,633.78. This represents a 1.14% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders purchased 736,068 shares of company stock valued at $3,894,427. Corporate insiders own 1.24% 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.