Bank of New York Mellon Corp Has $2.29 Million Stake in JELD-WEN Holding, Inc. (NYSE:JELD)

Bank of New York Mellon Corp reduced its holdings in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 76.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 279,446 shares of the company's stock after selling 927,709 shares during the period. Bank of New York Mellon Corp owned 0.33% of JELD-WEN worth $2,289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Leavell Investment Management Inc. bought a new position in shares of JELD-WEN in the 4th quarter valued at about $123,000. Diversified Trust Co boosted its stake in shares of JELD-WEN by 8.8% during 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 period. SG Americas Securities LLC increased its holdings in shares of JELD-WEN by 57.1% during 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. K2 Principal Fund L.P. bought a new stake in JELD-WEN in the 3rd quarter valued at $278,000. Finally, Intech Investment Management LLC acquired a new stake in JELD-WEN during the 3rd quarter valued at $293,000. 95.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of JELD-WEN from a "hold" rating to a "sell" rating in a research report on Friday, March 7th. Truist Financial cut their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" rating for the company in a research report 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 report on Wednesday, February 19th. UBS Group dropped their price target on JELD-WEN from $9.00 to $7.50 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Finally, Barclays lowered their price target on shares of JELD-WEN from $9.00 to $6.00 and set an "equal weight" rating on the stock in a research report on Monday, February 24th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, JELD-WEN currently has an average rating of "Hold" and a consensus price target of $9.06.

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JELD-WEN Price Performance

Shares of NYSE:JELD traded down $0.15 during midday trading on Tuesday, hitting $6.08. The stock had a trading volume of 1,684,142 shares, compared to its average volume of 811,552. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $519.03 million, a P/E ratio of -2.73 and a beta of 2.22. The company's 50-day moving average price is $7.55 and its 200-day moving average price is $10.51. JELD-WEN Holding, Inc. has a fifty-two week low of $5.44 and a fifty-two week high of $21.75.

JELD-WEN (NYSE:JELD - Get Free Report) last posted its earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.20). The company had revenue of $895.70 million during the quarter, compared to the consensus estimate of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. As a group, equities research analysts predict that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Insider Activity at JELD-WEN

In other JELD-WEN news, Director Steven E. Wynne acquired 10,000 shares of JELD-WEN stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of $6.01 per share, with a total value of $60,100.00. Following the completion of the purchase, the director now directly owns 28,000 shares in the company, valued at $168,280. This trade represents a 55.56 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Turtle Creek Asset Management bought 125,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were bought at an average cost of $7.90 per share, with a total value of $987,500.00. Following the completion of the transaction, the insider now owns 12,042,190 shares in the company, valued at $95,133,301. The trade was a 1.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 525,137 shares of company stock valued at $3,719,287 in the last 90 days. 1.03% of the stock is owned by corporate insiders.

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.