Natixis Advisors LLC Acquires 180,511 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Natixis Advisors LLC raised its stake in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 78.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 411,660 shares of the company's stock after buying an additional 180,511 shares during the period. Natixis Advisors LLC owned about 0.49% of JELD-WEN worth $6,508,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. SummerHaven Investment Management LLC grew its holdings in shares of JELD-WEN by 2.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 42,076 shares of the company's stock valued at $567,000 after purchasing an additional 1,025 shares during the last quarter. ProShare Advisors LLC grew its holdings in JELD-WEN by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 15,305 shares of the company's stock worth $325,000 after acquiring an additional 1,205 shares during the last quarter. Blue Trust Inc. increased its holdings in JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company's stock valued at $46,000 after purchasing an additional 1,284 shares during the period. Diversified Trust Co lifted its stake in JELD-WEN by 6.6% in the second quarter. Diversified Trust Co now owns 25,916 shares of the company's stock worth $349,000 after acquiring an additional 1,615 shares during the period. Finally, Sei Investments Co. increased its position in shares of JELD-WEN by 13.2% during the second quarter. Sei Investments Co. now owns 17,999 shares of the company's stock valued at $242,000 after buying an additional 2,100 shares during the period. 95.04% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Turtle Creek Asset Management acquired 450,000 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average cost of $10.06 per share, with a total value of $4,527,000.00. Following the acquisition, the insider now directly owns 11,751,912 shares of the company's stock, valued at approximately $118,224,234.72. The trade was a 3.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on JELD. UBS Group lowered their price objective on shares of JELD-WEN from $19.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Royal Bank of Canada cut their price target on shares of JELD-WEN from $13.00 to $9.00 and set an "underperform" rating on the stock in a report on Wednesday, November 6th. Barclays reduced their price target on shares of JELD-WEN from $13.00 to $10.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 6th. Jefferies Financial Group increased their price objective on JELD-WEN from $15.00 to $17.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Finally, B. Riley dropped their price target on shares of JELD-WEN from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $14.56.

JELD-WEN Stock Performance

Shares of NYSE:JELD traded up $0.26 during mid-day trading on Friday, reaching $10.75. 708,769 shares of the company traded hands, compared to its average volume of 1,198,526. 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 Holding, Inc. has a 52 week low of $8.90 and a 52 week high of $21.75. The firm has a market cap of $909.67 million, a PE ratio of -5.87 and a beta of 2.25. The company's 50 day moving average price is $13.92 and its 200-day moving average price is $14.27.

JELD-WEN (NYSE:JELD - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $934.70 million during the quarter, compared to analysts' expectations of $990.64 million. During the same quarter in the previous year, the company posted $0.53 EPS. The company's quarterly revenue was down 13.2% on a year-over-year basis. On average, equities analysts expect that JELD-WEN Holding, Inc. will post 0.86 EPS for the current fiscal year.

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.