Empire Life Investments Inc. decreased its holdings in Jeld-Wen Holding Inc (NYSE:JELD) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,505,028 shares of the company’s stock after selling 142,293 shares during the quarter. Jeld-Wen makes up 4.6% of Empire Life Investments Inc.’s portfolio, making the stock its biggest position. Empire Life Investments Inc. owned 1.28% of Jeld-Wen worth $59,253,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in JELD. BlackRock Inc. raised its stake in Jeld-Wen by 19.6% during the fourth quarter. BlackRock Inc. now owns 5,132,892 shares of the company’s stock valued at $202,082,000 after buying an additional 841,506 shares in the last quarter. Pzena Investment Management LLC raised its stake in Jeld-Wen by 21.1% during the fourth quarter. Pzena Investment Management LLC now owns 4,755,987 shares of the company’s stock valued at $187,243,000 after buying an additional 829,539 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Jeld-Wen by 31.9% during the third quarter. JPMorgan Chase & Co. now owns 3,148,097 shares of the company’s stock valued at $112,009,000 after buying an additional 762,211 shares in the last quarter. Jennison Associates LLC raised its stake in Jeld-Wen by 134.3% during the fourth quarter. Jennison Associates LLC now owns 1,265,084 shares of the company’s stock valued at $49,806,000 after buying an additional 725,186 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Jeld-Wen by 473.7% during the fourth quarter. Renaissance Technologies LLC now owns 523,200 shares of the company’s stock valued at $20,598,000 after buying an additional 432,000 shares in the last quarter. Hedge funds and other institutional investors own 53.84% of the company’s stock.
Several analysts have issued reports on JELD shares. Bank of America restated a “buy” rating and set a $41.00 price objective (down previously from $44.00) on shares of Jeld-Wen in a research note on Thursday, February 22nd. Zacks Investment Research cut Jeld-Wen from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 23rd. Credit Suisse Group lowered Jeld-Wen from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 28th. Royal Bank of Canada set a $39.00 price objective on Jeld-Wen and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Barclays set a $44.00 price objective on Jeld-Wen and gave the stock a “buy” rating in a report on Monday, January 8th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $39.00.
Shares of Jeld-Wen Holding Inc (NYSE:JELD) opened at $32.46 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 1.60. Jeld-Wen Holding Inc has a 1-year low of $27.61 and a 1-year high of $42.27. The stock has a market capitalization of $3,820.37, a price-to-earnings ratio of 25.56, a P/E/G ratio of 1.06 and a beta of 2.76.
Jeld-Wen (NYSE:JELD) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.15). The firm had revenue of $976.00 million for the quarter, compared to analysts’ expectations of $1 billion. Jeld-Wen had a return on equity of 18.76% and a net margin of 0.29%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. analysts predict that Jeld-Wen Holding Inc will post 2.22 EPS for the current year.
JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
Want to see what other hedge funds are holding JELD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jeld-Wen Holding Inc (NYSE:JELD).
Receive News & Ratings for Jeld-Wen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jeld-Wen and related companies with MarketBeat.com's FREE daily email newsletter.