Vestcor Inc Acquires New Shares in JELD-WEN Holding, Inc. (NYSE:JELD)

Vestcor Inc acquired a new stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 16,352 shares of the company’s stock, valued at approximately $134,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JELD. US Bancorp DE raised its stake in shares of JELD-WEN by 257.6% during the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after purchasing an additional 7,025 shares during the period. Leavell Investment Management Inc. bought a new position in JELD-WEN in the 4th quarter worth about $123,000. Versor Investments LP bought a new position in JELD-WEN in the 4th quarter worth about $142,000. Diversified Trust Co increased its stake in JELD-WEN by 8.8% in the 4th quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock worth $226,000 after acquiring an additional 2,242 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in JELD-WEN by 57.1% in the 4th quarter. SG Americas Securities LLC now owns 32,884 shares of the company’s stock worth $269,000 after acquiring an additional 11,946 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

Insider Activity at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 125,000 shares of the company’s 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 acquisition, the insider now owns 12,042,190 shares in the company, valued at $95,133,301. This represents a 1.05 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven E. Wynne acquired 10,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $6.01 per share, with a total value of $60,100.00. Following the acquisition, the director now owns 28,000 shares in the company, valued at approximately $168,280. This trade represents a 55.56 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 525,137 shares of company stock worth $3,719,287 in the last ninety days. 1.03% of the stock is owned by company insiders.

JELD-WEN Trading Up 0.2 %

Shares of JELD stock opened at $6.22 on Wednesday. The stock has a market capitalization of $530.55 million, a PE ratio of -2.79 and a beta of 2.23. JELD-WEN Holding, Inc. has a 1-year low of $5.44 and a 1-year high of $21.75. The business has a 50-day moving average of $7.69 and a 200 day moving average of $10.72. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.20). The company had revenue of $895.70 million for the quarter, compared to analysts’ expectations of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. As a group, sell-side analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JELD. UBS Group decreased their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Truist Financial decreased their target price on JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada decreased their target price on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 19th. Loop Capital cut their price objective on JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. Finally, StockNews.com cut JELD-WEN from a “hold” rating to a “sell” rating in a report on Friday, March 7th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $9.06.

JELD-WEN Profile

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.