Bank of America Corp DE cut its holdings in shares of Jeld-Wen Holding Inc (NYSE:JELD) by 79.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,847 shares of the company’s stock after selling 561,724 shares during the quarter. Bank of America Corp DE owned about 0.14% of Jeld-Wen worth $4,085,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. California Public Employees Retirement System boosted its stake in Jeld-Wen by 140.9% in the first quarter. California Public Employees Retirement System now owns 33,000 shares of the company’s stock valued at $1,010,000 after acquiring an additional 19,300 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Jeld-Wen in the first quarter valued at approximately $15,085,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Jeld-Wen by 189.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,649 shares of the company’s stock valued at $540,000 after acquiring an additional 11,551 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in Jeld-Wen by 78.8% in the first quarter. Xact Kapitalforvaltning AB now owns 11,800 shares of the company’s stock valued at $361,000 after acquiring an additional 5,200 shares in the last quarter. Finally, DnB Asset Management AS acquired a new stake in Jeld-Wen in the second quarter valued at approximately $1,246,000. Institutional investors own 63.76% of the company’s stock.
NYSE JELD opened at $16.26 on Thursday. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 0.53 and a beta of 1.64. Jeld-Wen Holding Inc has a 12-month low of $15.04 and a 12-month high of $42.27. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.03 and a quick ratio of 1.21.
Jeld-Wen (NYSE:JELD) last posted its quarterly earnings results on Tuesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.11). The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Jeld-Wen had a return on equity of 20.44% and a net margin of 0.82%. As a group, equities analysts anticipate that Jeld-Wen Holding Inc will post 1.67 earnings per share for the current year.
In other Jeld-Wen news, EVP Peter Maxwell sold 4,982 shares of the firm’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $26.16, for a total value of $130,329.12. Following the completion of the transaction, the executive vice president now owns 17,136 shares of the company’s stock, valued at $448,277.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 4.55% of the company’s stock.
JELD has been the subject of several recent analyst reports. Barclays lowered their target price on shares of Jeld-Wen from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, October 9th. Royal Bank of Canada set a $28.00 target price on shares of Jeld-Wen and gave the company a “buy” rating in a research note on Monday, October 8th. Goldman Sachs Group initiated coverage on shares of Jeld-Wen in a research note on Tuesday, October 2nd. They issued a “buy” rating and a $31.00 target price for the company. Macquarie initiated coverage on shares of Jeld-Wen in a research note on Wednesday, September 26th. They issued a “buy” rating and a $35.00 target price for the company. Finally, TheStreet downgraded shares of Jeld-Wen from a “c-” rating to a “d+” rating in a research note on Thursday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.27.
JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.
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