Hennessy Advisors Inc. Boosts Holdings in JELD-WEN Holding, Inc. (NYSE:JELD)

Hennessy Advisors Inc. raised its position in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 477,200 shares of the company's stock after acquiring an additional 30,400 shares during the period. Hennessy Advisors Inc. owned approximately 0.56% of JELD-WEN worth $3,908,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in shares of JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company's stock worth $34,504,000 after buying an additional 2,010,275 shares during the period. Geode Capital Management LLC lifted its stake in shares of JELD-WEN by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company's stock worth $30,771,000 after buying an additional 9,468 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of JELD-WEN during the second quarter worth $817,000. Vaughan Nelson Investment Management L.P. lifted its stake in shares of JELD-WEN by 57.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company's stock worth $33,200,000 after buying an additional 764,645 shares during the period. Finally, Engine Capital Management LP lifted its stake in shares of JELD-WEN by 223.6% during the second quarter. Engine Capital Management LP now owns 1,162,303 shares of the company's stock worth $15,656,000 after buying an additional 803,095 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 75,000 shares of the company's stock in a transaction that occurred on Monday, January 13th. The stock was bought at an average price of $8.46 per share, with a total value of $634,500.00. Following the purchase, the insider now owns 12,320,226 shares in the company, valued at approximately $104,229,111.96. The trade was a 0.61 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 960,000 shares of company stock worth $9,086,500 in the last 90 days. Insiders own 1.03% of the company's stock.

Wall Street Analyst Weigh In

JELD has been the subject of several research reports. Jefferies Financial Group lifted their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. B. Riley reduced their target price on shares of JELD-WEN from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. Royal Bank of Canada reduced their target price on shares of JELD-WEN from $9.00 to $8.00 and set an "underperform" rating for the company in a report on Wednesday, December 18th. The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, Barclays reduced their target price on shares of JELD-WEN from $13.00 to $10.00 and set an "equal weight" rating for the company in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $12.75.

JELD-WEN Price Performance

Shares of JELD traded up $0.14 during mid-day trading on Friday, hitting $9.49. 558,680 shares of the company were exchanged, compared to its average volume of 631,013. JELD-WEN Holding, Inc. has a 1-year low of $7.43 and a 1-year 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. The company has a 50 day moving average of $9.57 and a 200-day moving average of $12.86. The stock has a market cap of $802.62 million, a price-to-earnings ratio of -5.18 and a beta of 2.16.

JELD-WEN (NYSE:JELD - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The company had revenue of $934.70 million for the quarter, compared to analyst estimates of $990.64 million. During the same quarter last year, the company earned $0.53 EPS. The firm's revenue for the quarter was down 13.2% on a year-over-year basis. Analysts expect that JELD-WEN Holding, Inc. will post 0.73 EPS for the current fiscal year.

JELD-WEN Company 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.