JELD-WEN Holding, Inc. (NYSE:JELD) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 13.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,047 shares of the company’s stock after selling 19,414 shares during the quarter. Rhumbline Advisers owned about 0.15% of JELD-WEN worth $770,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. MetLife Investment Management LLC lifted its position in shares of JELD-WEN by 6.3% during the 4th quarter. MetLife Investment Management LLC now owns 51,911 shares of the company’s stock worth $425,000 after buying an additional 3,066 shares during the last quarter. Performa Ltd US LLC lifted its position 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 during the last quarter. Price T Rowe Associates Inc. MD lifted its position 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 during the last quarter. Rafferty Asset Management LLC lifted its position in shares of JELD-WEN by 28.4% during the 4th quarter. Rafferty Asset Management LLC now owns 24,574 shares of the company’s stock worth $201,000 after buying an additional 5,434 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of JELD-WEN by 15.2% during the 4th quarter. BNP Paribas Financial Markets now owns 41,768 shares of the company’s stock worth $342,000 after buying an additional 5,519 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

JELD-WEN Stock Up 1.0%

Shares of JELD-WEN stock opened at $3.62 on Friday. The company has a market cap of $308.61 million, a P/E ratio of -0.90 and a beta of 1.69. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.12 and a current ratio of 1.87. JELD-WEN Holding, Inc. has a one year low of $3.27 and a one year high of $17.70. The firm has a fifty day moving average of $4.30 and a two-hundred day moving average of $6.51.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. The company had revenue of $776.00 million during the quarter, compared to the consensus estimate of $769.25 million. JELD-WEN had a negative net margin of 9.49% and a positive return on equity of 3.70%. JELD-WEN’s quarterly revenue was down 19.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS. On average, analysts forecast that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Turtle Creek Asset Management purchased 100,000 shares of the stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average cost of $5.86 per share, with a total value of $586,000.00. Following the purchase, the insider now directly owns 12,664,379 shares in the company, valued at $74,213,260.94. This trade represents a 0.80% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last quarter, insiders bought 579,267 shares of company stock worth $2,988,705. 1.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

JELD has been the subject of several recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of JELD-WEN from $6.00 to $5.25 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Wall Street Zen downgraded shares of JELD-WEN from a “hold” rating to a “sell” rating in a research report on Wednesday, May 14th. Royal Bank Of Canada reduced their price objective on shares of JELD-WEN from $5.00 to $2.00 and set an “underperform” rating for the company in a research report on Wednesday, May 7th. Barclays reduced their price target 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. Finally, Loop Capital reduced their price target on shares of JELD-WEN from $8.00 to $4.00 and set a “hold” rating for the company in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.34.

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.