Congress Asset Management Co. Trims Holdings in JELD-WEN Holding, Inc. (NYSE:JELD)

Congress Asset Management Co. reduced its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,301 shares of the company’s stock after selling 3,466 shares during the period. Congress Asset Management Co. owned 0.40% of JELD-WEN worth $2,779,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of JELD. Rhumbline Advisers boosted its holdings in JELD-WEN by 3.5% in the fourth quarter. Rhumbline Advisers now owns 148,461 shares of the company’s stock worth $1,216,000 after acquiring an additional 4,962 shares in the last quarter. Leavell Investment Management Inc. purchased a new position in shares of JELD-WEN in the 4th quarter worth about $123,000. Empowered Funds LLC boosted its stake in JELD-WEN by 5.1% in the 4th quarter. Empowered Funds LLC now owns 429,432 shares of the company’s stock worth $3,517,000 after purchasing an additional 20,945 shares in the last quarter. Inspire Investing LLC boosted its stake in JELD-WEN by 88.2% in the 4th quarter. Inspire Investing LLC now owns 49,176 shares of the company’s stock worth $403,000 after purchasing an additional 23,050 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in JELD-WEN by 57.1% during the 4th quarter. SG Americas Securities LLC now owns 32,884 shares of the company’s stock valued at $269,000 after purchasing an additional 11,946 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JELD. B. Riley dropped their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. UBS Group reaffirmed a “neutral” rating and issued a $9.00 price objective (down from $15.00) on shares of JELD-WEN in a research report on Wednesday, January 8th. Barclays reduced their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. The Goldman Sachs Group lowered their price target on JELD-WEN from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, Royal Bank of Canada reduced their price objective on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.75.

Insider Activity at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management purchased 125,000 shares of JELD-WEN stock in a transaction on Tuesday, January 7th. The stock was acquired at an average price of $7.90 per share, for a total transaction of $987,500.00. Following the completion of the transaction, the insider now directly owns 12,042,190 shares in the company, valued at $95,133,301. This represents a 1.05 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders acquired 310,000 shares of company stock worth $2,463,500. 1.03% of the stock is owned by company insiders.

JELD-WEN Trading Up 1.8 %

Shares of NYSE:JELD opened at $8.81 on Tuesday. The stock’s 50-day simple moving average is $8.91 and its two-hundred day simple moving average is $11.95. The stock has a market capitalization of $745.08 million, a price-to-earnings ratio of -4.81 and a beta of 2.17. JELD-WEN Holding, Inc. has a 52-week low of $7.43 and a 52-week high of $21.75. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03.

About JELD-WEN

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.