First Eagle Investment Management LLC Reduces Holdings in JELD-WEN Holding, Inc. (NYSE:JELD)

First Eagle Investment Management LLC decreased its position in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 39.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 233,818 shares of the company's stock after selling 154,950 shares during the period. First Eagle Investment Management LLC owned approximately 0.28% of JELD-WEN worth $1,915,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE lifted its holdings in JELD-WEN by 257.6% in the fourth quarter. US Bancorp DE now owns 9,752 shares of the company's stock valued at $80,000 after buying an additional 7,025 shares during the period. Leavell Investment Management Inc. acquired a new position in shares of JELD-WEN during the fourth quarter valued at about $123,000. Vestcor Inc acquired a new position in shares of JELD-WEN during the fourth quarter valued at about $134,000. Versor Investments LP acquired a new position in shares of JELD-WEN during the fourth quarter valued at about $142,000. Finally, K2 Principal Fund L.P. acquired a new position in shares of JELD-WEN during the third quarter valued at about $278,000. Institutional investors and hedge funds own 95.04% of the company's stock.

Insider Activity

In other JELD-WEN news, Director Steven E. Wynne bought 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 acquisition, the director now owns 28,000 shares in the company, valued at approximately $168,280. This trade represents a 55.56 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Turtle Creek Asset Management bought 125,000 shares of JELD-WEN stock in a transaction that occurred on Tuesday, January 7th. The shares were acquired at an average cost of $7.90 per share, for a total transaction of $987,500.00. Following the acquisition, 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 position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 525,137 shares of company stock worth $3,719,287. 1.03% of the stock is currently owned by corporate insiders.

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JELD-WEN Price Performance

NYSE JELD traded down $0.03 on Thursday, hitting $6.18. The stock had a trading volume of 1,192,231 shares, compared to its average volume of 799,795. JELD-WEN Holding, Inc. has a 52-week low of $5.44 and a 52-week 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 market capitalization of $527.14 million, a price-to-earnings ratio of -2.77 and a beta of 2.23. The firm has a 50-day moving average of $7.69 and a 200-day moving average of $10.72.

JELD-WEN (NYSE:JELD - Get Free Report) last posted its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.20). The firm 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%. Equities analysts expect that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

Analyst Upgrades and Downgrades

JELD has been the subject of several recent research reports. Barclays decreased their target price on shares of JELD-WEN from $9.00 to $6.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th. The Goldman Sachs Group decreased their target price 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. StockNews.com downgraded shares of JELD-WEN from a "hold" rating to a "sell" rating in a research report on Friday, March 7th. Truist Financial reduced 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, Loop Capital reduced their price objective on shares of JELD-WEN from $10.00 to $8.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $9.06.

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.