Hound Partners LLC purchased a new position in shares of Jeld-Wen Holding Inc (NYSE:JELD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 286,639 shares of the company’s stock, valued at approximately $11,285,000. Jeld-Wen accounts for about 0.3% of Hound Partners LLC’s investment portfolio, making the stock its 21st biggest holding. Hound Partners LLC owned 0.24% of Jeld-Wen at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of Jeld-Wen during the third quarter worth about $110,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Jeld-Wen by 331.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,522 shares of the company’s stock valued at $139,000 after buying an additional 2,706 shares during the last quarter. Strs Ohio acquired a new stake in Jeld-Wen in the 4th quarter valued at approximately $149,000. Virtu Financial LLC acquired a new stake in Jeld-Wen in the 4th quarter valued at approximately $205,000. Finally, Sii Investments Inc. WI acquired a new stake in Jeld-Wen in the 3rd quarter valued at approximately $217,000. 53.84% of the stock is currently owned by institutional investors.
Jeld-Wen Holding Inc (NYSE JELD) opened at $33.19 on Wednesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.98 and a quick ratio of 1.28. The firm has a market capitalization of $3,859.21, a P/E ratio of -829.75, a price-to-earnings-growth ratio of 1.07 and a beta of 2.76. Jeld-Wen Holding Inc has a one year low of $27.61 and a one year high of $42.27.
In related news, Director Patrick Wright Tolbert purchased 2,860 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was purchased at an average cost of $30.88 per share, for a total transaction of $88,316.80. Following the completion of the purchase, the director now directly owns 4,343 shares in the company, valued at $134,111.84. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Roderick Wendt sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $32.17, for a total value of $965,100.00. The disclosure for this sale can be found here.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Jeld-Wen from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Thursday, February 1st. Robert W. Baird reissued an “outperform” rating and issued a $42.00 target price (down previously from $46.00) on shares of Jeld-Wen in a research report on Thursday, February 22nd. Royal Bank of Canada set a $42.00 target price on Jeld-Wen and gave the company a “buy” rating in a research report on Wednesday, February 14th. Barclays set a $44.00 target price on Jeld-Wen and gave the company a “buy” rating in a research report on Monday, January 8th. Finally, Bank of America reissued a “buy” rating and issued a $41.00 target price (down previously from $44.00) on shares of Jeld-Wen in a research report on Thursday, February 22nd. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $39.00.
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Jeld-Wen Company Profile
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.
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