Charles Schwab Investment Management Inc. Purchases 220,815 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Charles Schwab Investment Management Inc. increased its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,225,439 shares of the company's stock after acquiring an additional 220,815 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.63% of JELD-WEN worth $18,226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Diversified Trust Co boosted its position in shares of JELD-WEN by 8.8% during the fourth 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. BNP Paribas Financial Markets lifted its position in JELD-WEN by 10.3% during the third quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company's stock valued at $573,000 after purchasing an additional 3,383 shares during the last quarter. Rhumbline Advisers lifted its position in JELD-WEN by 3.5% during the fourth quarter. Rhumbline Advisers now owns 148,461 shares of the company's stock valued at $1,216,000 after purchasing an additional 4,962 shares during the last quarter. US Bancorp DE lifted its position in JELD-WEN by 257.6% during the fourth 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 last quarter. Finally, Geode Capital Management LLC lifted its position in JELD-WEN by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company's stock valued at $30,771,000 after purchasing an additional 9,468 shares during the last quarter. Institutional investors own 95.04% of the company's stock.

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JELD-WEN Trading Down 3.8 %

Shares of JELD traded down $0.24 during midday trading on Friday, hitting $5.95. The stock had a trading volume of 2,297,977 shares, compared to its average volume of 808,847. JELD-WEN Holding, Inc. has a 1 year low of $5.44 and a 1 year high of $21.75. The firm has a market cap of $507.50 million, a PE ratio of -2.67 and a beta of 2.23. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The stock's 50 day moving average is $7.59 and its 200 day moving average is $10.58.

JELD-WEN (NYSE:JELD - Get Free Report) last posted its quarterly earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.20). The company had revenue of $895.70 million during the quarter, compared to analysts' expectations 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, analysts forecast that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on JELD. Royal Bank of Canada lowered their price objective on shares of JELD-WEN from $7.00 to $5.00 and set an "underperform" rating for the company in a research report on Wednesday, February 19th. UBS Group lowered their price objective on shares of JELD-WEN from $9.00 to $7.50 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. The Goldman Sachs Group lowered their price objective on shares of JELD-WEN from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Truist Financial lowered 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. Finally, StockNews.com lowered shares of JELD-WEN from a "hold" rating to a "sell" rating in a research report on Friday, March 7th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, JELD-WEN has an average rating of "Hold" and an average price target of $9.06.

Insider Buying and Selling

In related news, major shareholder Turtle Creek Asset Management purchased 86,801 shares of JELD-WEN stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $5.62 per share, with a total value of $487,821.62. Following the purchase, the insider now directly owns 12,389,409 shares of the company's stock, valued at approximately $69,628,478.58. This represents a 0.71 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David G. Nord purchased 20,000 shares of JELD-WEN stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average cost of $5.96 per share, for a total transaction of $119,200.00. Following the purchase, the director now directly owns 40,000 shares in the company, valued at $238,400. This trade represents a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 525,137 shares of company stock valued at $3,719,287 in the last 90 days. Company insiders own 1.03% of the company's stock.

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.