JPMorgan Chase & Co. Increases Stock Position in JELD-WEN Holding, Inc. (NYSE:JELD)

JPMorgan Chase & Co. increased its holdings in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 64.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 213,281 shares of the company's stock after acquiring an additional 83,203 shares during the period. JPMorgan Chase & Co. owned approximately 0.25% of JELD-WEN worth $1,747,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JELD. Vanguard Group Inc. lifted its holdings in shares of JELD-WEN by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company's stock worth $69,984,000 after acquiring an additional 101,944 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in JELD-WEN in the fourth quarter valued at approximately $179,000. KLP Kapitalforvaltning AS acquired a new position in JELD-WEN during the fourth quarter worth $123,000. AXQ Capital LP purchased a new position in shares of JELD-WEN during the fourth quarter worth $105,000. Finally, American Century Companies Inc. grew its stake in shares of JELD-WEN by 12.3% in the fourth quarter. American Century Companies Inc. now owns 5,775,940 shares of the company's stock valued at $47,305,000 after buying an additional 634,101 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

Analyst Ratings Changes

JELD has been the topic of several research reports. The Goldman Sachs Group decreased their target price on JELD-WEN from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Loop Capital lowered 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 note on Wednesday, February 19th. Truist Financial cut their target price 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. UBS Group decreased their price target 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. Finally, Royal Bank of Canada dropped their price target on shares of JELD-WEN from $7.00 to $5.00 and set an "underperform" rating for the company in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, JELD-WEN has an average rating of "Hold" and a consensus target price of $8.94.

JELD-WEN Stock Up 4.9 %

Shares of JELD stock traded up $0.26 on Monday, reaching $5.60. 2,611,618 shares of the stock were exchanged, compared to its average volume of 962,933. The company has a market capitalization of $478.05 million, a price-to-earnings ratio of -2.51 and a beta of 1.93. The business's 50 day moving average price is $5.71 and its 200 day moving average price is $8.77. 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 twelve month low of $4.91 and a twelve month high of $21.64.

JELD-WEN (NYSE:JELD - Get Free Report) last released its quarterly earnings data 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). JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The business had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. As a group, sell-side analysts expect that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling at JELD-WEN

In related news, Director David G. Nord bought 20,000 shares of the stock in a transaction dated Monday, February 24th. The stock was acquired at an average price of $5.96 per share, for a total transaction of $119,200.00. Following the acquisition, the director now owns 40,000 shares in the company, valued at approximately $238,400. This represents a 100.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Turtle Creek Asset Management purchased 26,411 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were bought at an average price of $5.06 per share, for a total transaction of $133,639.66. Following the completion of the purchase, the insider now directly owns 13,109,018 shares in the company, valued at $66,331,631.08. This represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 714,404 shares of company stock worth $4,023,392 over the last three months. Insiders own 1.24% 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.