Engineers Gate Manager LP bought a new stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 100,428 shares of the company’s stock, valued at approximately $3,567,000. Engineers Gate Manager LP owned 0.10% of JELD-WEN as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Epoch Investment Partners Inc. increased its position in JELD-WEN by 17.5% during the 3rd quarter. Epoch Investment Partners Inc. now owns 1,015,705 shares of the company’s stock valued at $36,078,000 after purchasing an additional 151,237 shares during the period. California State Teachers Retirement System increased its position in JELD-WEN by 119.9% during the 3rd quarter. California State Teachers Retirement System now owns 87,818 shares of the company’s stock valued at $3,119,000 after purchasing an additional 47,889 shares during the period. Cramer Rosenthal Mcglynn LLC increased its position in JELD-WEN by 18.0% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 592,035 shares of the company’s stock valued at $21,029,000 after purchasing an additional 90,430 shares during the period. OxFORD Asset Management LLP increased its position in JELD-WEN by 416.3% during the 3rd quarter. OxFORD Asset Management LLP now owns 270,141 shares of the company’s stock valued at $9,600,000 after purchasing an additional 217,820 shares during the period. Finally, Sii Investments Inc. WI purchased a new position in JELD-WEN during the 3rd quarter valued at about $217,000. 41.03% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on JELD. Zacks Investment Research cut shares of JELD-WEN from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating and issued a $37.00 price target on shares of JELD-WEN in a report on Tuesday, August 29th. J P Morgan Chase & Co upgraded shares of JELD-WEN from a “neutral” rating to an “overweight” rating and raised their price target for the company from $34.00 to $38.00 in a report on Wednesday, September 6th. Goldman Sachs Group upgraded shares of JELD-WEN from a “neutral” rating to a “buy” rating and raised their price target for the company from $35.00 to $37.00 in a report on Wednesday, September 6th. Finally, Bank of America upgraded shares of JELD-WEN from a “neutral” rating to a “buy” rating and raised their price target for the company from $36.00 to $40.00 in a report on Thursday, September 7th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $37.27.
JELD-WEN Holding, Inc. (NYSE:JELD) traded down $0.05 during mid-day trading on Wednesday, reaching $38.14. 323,400 shares of the company were exchanged, compared to its average volume of 715,447. The company has a quick ratio of 1.28, a current ratio of 1.93 and a debt-to-equity ratio of 1.40. JELD-WEN Holding, Inc. has a one year low of $24.95 and a one year high of $40.25.
JELD-WEN (NYSE:JELD) last released its earnings results on Tuesday, November 7th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The company had revenue of $991.40 million during the quarter, compared to analysts’ expectations of $974.98 million. JELD-WEN had a net margin of 9.12% and a return on equity of 58.83%. JELD-WEN’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities research analysts forecast that JELD-WEN Holding, Inc. will post 1.59 EPS for the current fiscal year.
In related news, Chairman Kirk S. Hachigian sold 156,029 shares of JELD-WEN stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $32.74, for a total value of $5,108,389.46. Following the completion of the sale, the chairman now directly owns 413,930 shares in the company, valued at approximately $13,552,068.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Corp Onex sold 12,465,047 shares of JELD-WEN stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $32.74, for a total transaction of $408,105,638.78. The disclosure for this sale can be found here. Insiders sold a total of 47,672,683 shares of company stock valued at $1,560,803,641 over the last quarter.
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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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