Teacher Retirement System of Texas Makes New $74,000 Investment in JELD-WEN Holding, Inc. (NYSE:JELD)

Teacher Retirement System of Texas bought a new stake in JELD-WEN Holding, Inc. (NYSE:JELD) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,370 shares of the company’s stock, valued at approximately $74,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP acquired a new position in JELD-WEN in the fourth quarter valued at approximately $46,000. Brevan Howard Capital Management LP bought a new stake in JELD-WEN in the fourth quarter valued at approximately $83,000. Boothbay Fund Management LLC bought a new stake in JELD-WEN in the fourth quarter valued at approximately $100,000. Shay Capital LLC bought a new stake in JELD-WEN in the fourth quarter valued at approximately $102,000. Finally, AXQ Capital LP bought a new stake in JELD-WEN in the fourth quarter valued at approximately $105,000. 95.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management purchased 150,000 shares of the stock in a transaction on Tuesday, May 6th. The shares were acquired at an average price of $4.26 per share, with a total value of $639,000.00. Following the completion of the acquisition, the insider directly owned 13,250,853 shares of the company’s stock, valued at $56,448,633.78. This trade represents a 1.14% 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. Insiders own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on JELD. Wall Street Zen cut shares of JELD-WEN from a “hold” rating to a “sell” rating in a report on Wednesday, May 14th. The Goldman Sachs Group dropped their price target on shares of JELD-WEN from $6.00 to $5.25 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Loop Capital lowered their price objective on shares of JELD-WEN from $8.00 to $4.00 and set a “hold” rating for the company in a research note on Thursday, May 8th. UBS Group decreased their price target on shares of JELD-WEN from $7.50 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada dropped their target price on shares of JELD-WEN from $5.00 to $2.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.34.

JELD-WEN Stock Down 0.1%

Shares of JELD-WEN stock opened at $4.20 on Tuesday. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.87 and a quick ratio of 1.12. The company has a 50-day moving average of $3.96 and a 200 day moving average of $5.76. JELD-WEN Holding, Inc. has a 1 year low of $3.27 and a 1 year high of $17.70. The firm has a market cap of $358.13 million, a price-to-earnings ratio of -1.04 and a beta of 1.69.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, May 5th. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. JELD-WEN had a negative net margin of 9.49% and a positive return on equity of 3.70%. The business had revenue of $776.00 million during the quarter, compared to analyst estimates of $769.25 million. During the same period last year, the business earned $0.21 EPS. JELD-WEN’s revenue was down 19.1% compared to the same quarter last year. As a group, sell-side 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.