Norges Bank Purchases Shares of 206,870 JELD-WEN Holding, Inc. (NYSE:JELD)

Norges Bank bought a new stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 206,870 shares of the company's stock, valued at approximately $1,694,000. Norges Bank owned about 0.24% of JELD-WEN as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Pzena Investment Management LLC raised its holdings in 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 in the last quarter. Alberta Investment Management Corp purchased a new position in shares of JELD-WEN during the fourth quarter worth $9,492,000. American Century Companies Inc. boosted 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 worth $47,305,000 after buying an additional 634,101 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in JELD-WEN by 11.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,225,439 shares of the company's stock worth $18,226,000 after purchasing an additional 220,815 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in JELD-WEN by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company's stock valued at $69,984,000 after buying an additional 101,944 shares during the period. 95.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JELD has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price objective on JELD-WEN from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Barclays lowered their price objective on JELD-WEN from $6.00 to $5.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. UBS Group dropped their target price on shares of JELD-WEN from $9.00 to $7.50 and set a "neutral" rating for the company in a report on Wednesday, February 19th. StockNews.com lowered shares of JELD-WEN from a "hold" rating to a "sell" rating in a research note on Friday, March 7th. Finally, Loop Capital decreased their price objective on JELD-WEN from $10.00 to $8.00 and set a "hold" rating for the company in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $8.94.

Insiders Place Their Bets

In other JELD-WEN news, Director Steven E. Wynne acquired 10,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of $6.01 per share, for a total transaction of $60,100.00. Following the transaction, the director now owns 28,000 shares of the company's stock, valued at $168,280. The trade was a 55.56 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David G. Nord acquired 20,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price of $5.96 per share, with a total value of $119,200.00. Following the completion of the acquisition, the director now owns 40,000 shares of the company's stock, valued at $238,400. This represents a 100.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 635,137 shares of company stock valued at $3,619,687 over the last three months. Company insiders own 1.24% of the company's stock.

JELD-WEN Trading Up 1.3 %

JELD stock traded up $0.07 during midday trading on Thursday, reaching $5.15. 357,372 shares of the company's stock traded hands, compared to its average volume of 885,444. JELD-WEN Holding, Inc. has a fifty-two week low of $4.91 and a fifty-two week high of $21.75. The company has a market capitalization of $439.21 million, a P/E ratio of -2.31 and a beta of 1.93. 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 business has a 50-day moving average price of $6.18 and a two-hundred day moving average price of $9.38.

JELD-WEN (NYSE:JELD - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. Equities research analysts forecast 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.