American Century Companies Inc. Increases Stock Holdings in JELD-WEN Holding, Inc. (NYSE:JELD)

American Century Companies Inc. lifted its stake in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,775,940 shares of the company's stock after purchasing an additional 634,101 shares during the quarter. American Century Companies Inc. owned 6.83% of JELD-WEN worth $47,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Pzena Investment Management LLC raised its stake in shares of JELD-WEN by 16.5% in the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company's stock worth $91,443,000 after purchasing an additional 1,583,238 shares during the last quarter. Alberta Investment Management Corp purchased a new position in JELD-WEN in the 4th quarter worth about $9,492,000. Charles Schwab Investment Management Inc. lifted its stake in JELD-WEN by 11.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,225,439 shares of the company's stock valued at $18,226,000 after acquiring an additional 220,815 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of JELD-WEN during the 4th quarter valued at about $826,000. Finally, Raymond James Financial Inc. bought a new stake in shares of JELD-WEN in the fourth quarter worth approximately $455,000. Institutional investors own 95.04% of the company's stock.

Insider Transactions at JELD-WEN

In related news, Director David G. Nord acquired 20,000 shares of the company's stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $5.96 per share, with a total value of $119,200.00. Following the acquisition, the director now directly owns 40,000 shares of the company's stock, valued at approximately $238,400. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Turtle Creek Asset Management acquired 110,000 shares of the business's stock in a transaction dated Friday, January 10th. The shares were purchased at an average price of $7.65 per share, with a total value of $841,500.00. Following the transaction, the insider now owns 12,259,784 shares of the company's stock, valued at approximately $93,787,347.60. This represents a 0.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 595,137 shares of company stock valued at $4,137,187 over the last 90 days. Company insiders own 1.24% of the company's stock.

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Analyst Ratings Changes

Several brokerages recently issued reports on JELD. UBS Group dropped their target price on shares of JELD-WEN from $9.00 to $7.50 and set a "neutral" rating on the stock in a report 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. Royal Bank of Canada lowered their target price on JELD-WEN from $7.00 to $5.00 and set an "underperform" rating on the stock in a report on Wednesday, February 19th. Barclays cut their price target on JELD-WEN from $9.00 to $6.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. Finally, Truist Financial lowered their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" rating on the stock in a research note on Wednesday, February 19th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $9.06.

JELD-WEN Stock Performance

NYSE JELD traded down $0.12 on Tuesday, reaching $5.85. 1,829,465 shares of the stock were exchanged, compared to its average volume of 843,194. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. JELD-WEN Holding, Inc. has a one year low of $5.44 and a one year high of $21.75. The firm has a market capitalization of $499.39 million, a PE ratio of -2.62 and a beta of 2.22. The company's 50-day simple moving average is $7.22 and its two-hundred day simple moving average is $10.25.

JELD-WEN (NYSE:JELD - Get Free Report) last released its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.20). JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The firm had revenue of $895.70 million for the quarter, compared to analysts' expectations of $860.82 million. Analysts expect that JELD-WEN Holding, Inc. will post 0.88 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.