Raymond James Financial Inc. Invests $455,000 in JELD-WEN Holding, Inc. (NYSE:JELD)

Raymond James Financial Inc. bought a new stake in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 55,579 shares of the company's stock, valued at approximately $455,000. Raymond James Financial Inc. owned 0.07% of JELD-WEN as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings 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 buying an additional 220,815 shares during the last quarter. State Street Corp boosted its stake in shares of JELD-WEN by 1.1% in the third quarter. State Street Corp now owns 1,998,363 shares of the company's stock worth $31,594,000 after acquiring an additional 21,264 shares during the last quarter. Geode Capital Management LLC increased its position in shares of JELD-WEN by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company's stock worth $30,771,000 after purchasing an additional 9,468 shares in the last quarter. Alberta Investment Management Corp acquired a new position in JELD-WEN in the 4th quarter valued at $9,492,000. Finally, Hennessy Advisors Inc. lifted its holdings in JELD-WEN by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 477,200 shares of the company's stock valued at $3,908,000 after purchasing an additional 30,400 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

Wall Street Analysts Forecast Growth

JELD has been the subject of a number of research reports. Truist Financial dropped their target price on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" rating for the company in a report on Wednesday, February 19th. Barclays lowered their target price on JELD-WEN from $6.00 to $5.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Loop Capital cut their price target 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 price objective on JELD-WEN from $7.00 to $5.00 and set an "underperform" rating on the stock in a research note on Wednesday, February 19th. Finally, The Goldman Sachs Group cut their target price on JELD-WEN from $9.00 to $8.00 and set a "neutral" 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $8.94.

Insider Buying and Selling

In related news, Director David G. Nord bought 20,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of $5.96 per share, with a total value of $119,200.00. Following the purchase, the director now directly owns 40,000 shares of the company's stock, valued at $238,400. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Turtle Creek Asset Management purchased 75,000 shares of JELD-WEN stock in a transaction on Monday, January 13th. The stock was bought at an average cost of $8.46 per share, for a total transaction of $634,500.00. Following the transaction, the insider now directly owns 12,320,226 shares in the company, valued at $104,229,111.96. This represents a 0.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 660,137 shares of company stock valued at $3,996,687. Corporate insiders own 1.24% of the company's stock.

JELD-WEN Trading Up 0.5 %

NYSE JELD traded up $0.02 during trading hours on Friday, reaching $5.22. The company had a trading volume of 1,251,291 shares, compared to its average volume of 882,398. JELD-WEN Holding, Inc. has a 1-year low of $4.91 and a 1-year high of $21.75. The stock has a market capitalization of $445.95 million, a P/E ratio of -2.34 and a beta of 1.93. The stock has a 50-day moving average of $6.38 and a 200 day moving average of $9.52. 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 (NYSE:JELD - Get Free Report) last posted its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. As a group, research analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

JELD-WEN 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.