Rhumbline Advisers grew its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 118.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 57,984 shares of the company’s stock after purchasing an additional 31,416 shares during the quarter. Rhumbline Advisers owned 0.06% of JELD-WEN worth $2,060,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Macquarie Group Ltd. increased its position in shares of JELD-WEN by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 22,940 shares of the company’s stock valued at $745,000 after purchasing an additional 174 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of JELD-WEN in the 2nd quarter worth $105,000. Legal & General Group Plc acquired a new position in shares of JELD-WEN in the 1st quarter worth $130,000. Oppenheimer Asset Management Inc. acquired a new position in shares of JELD-WEN in the 2nd quarter worth $135,000. Finally, Tudor Investment Corp ET AL grew its holdings in shares of JELD-WEN by 28.1% in the 2nd quarter. Tudor Investment Corp ET AL now owns 21,908 shares of the company’s stock worth $711,000 after acquiring an additional 4,808 shares during the last quarter. Institutional investors own 41.03% of the company’s stock.
A number of equities analysts recently issued reports on JELD shares. J P Morgan Chase & Co upgraded JELD-WEN from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $34.00 to $38.00 in a report on Wednesday, September 6th. Goldman Sachs Group upgraded JELD-WEN from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $37.00 in a report on Wednesday, September 6th. Bank of America upgraded JELD-WEN from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $36.00 to $40.00 in a report on Thursday, September 7th. Zacks Investment Research upgraded JELD-WEN from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Monday, October 23rd. Finally, SunTrust Banks restated a “hold” rating on shares of JELD-WEN in a report on Tuesday, September 12th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $37.27.
In related news, Chairman Kirk S. Hachigian sold 156,029 shares of JELD-WEN stock in a transaction on Monday, November 20th. The stock was sold at an average price of $32.74, for a total transaction of $5,108,389.46. Following the completion of the sale, the chairman now owns 413,930 shares of the company’s stock, valued at $13,552,068.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Corp Onex sold 12,465,047 shares of JELD-WEN stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $32.74, for a total value of $408,105,638.78. The disclosure for this sale can be found here. Insiders have sold 47,672,683 shares of company stock worth $1,560,803,641 in the last quarter.
Shares of JELD-WEN Holding, Inc. (NYSE:JELD) traded up $0.02 during mid-day trading on Tuesday, hitting $38.26. The stock had a trading volume of 505,200 shares, compared to its average volume of 713,014. JELD-WEN Holding, Inc. has a twelve month low of $24.95 and a twelve month high of $40.25. The company has a current ratio of 1.93, a quick ratio of 1.28 and a debt-to-equity ratio of 1.40.
JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. JELD-WEN had a return on equity of 58.83% and a net margin of 9.12%. The business had revenue of $991.40 million for the quarter, compared to the consensus estimate of $974.98 million. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. equities research analysts anticipate that JELD-WEN Holding, Inc. will post 1.59 EPS for the current year.
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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