Performa Ltd US LLC Boosts Stake in JELD-WEN Holding, Inc. (NYSE:JELD)

Performa Ltd US LLC lifted its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 1,580.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,200 shares of the company’s stock after purchasing an additional 3,950 shares during the quarter. JELD-WEN comprises approximately 0.0% of Performa Ltd US LLC’s investment portfolio, making the stock its 22nd biggest position. Performa Ltd US LLC’s holdings in JELD-WEN were worth $34,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Diversified Trust Co boosted its stake in JELD-WEN by 8.8% during the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock worth $226,000 after buying an additional 2,242 shares during the period. BNP Paribas Financial Markets increased its holdings in JELD-WEN by 10.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock valued at $573,000 after purchasing an additional 3,383 shares during the last quarter. Rhumbline Advisers raised its position in JELD-WEN by 3.5% in the fourth quarter. Rhumbline Advisers now owns 148,461 shares of the company’s stock valued at $1,216,000 after purchasing an additional 4,962 shares during the period. US Bancorp DE lifted its stake in JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after purchasing an additional 7,025 shares in the last quarter. Finally, Geode Capital Management LLC boosted 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 buying an additional 9,468 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. StockNews.com downgraded JELD-WEN from a “hold” rating to a “sell” rating in a report on Friday, March 7th. Loop Capital cut their price objective on JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. UBS Group cut their price objective on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Truist Financial cut their price objective on JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Finally, Barclays cut their price objective on JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating on the stock in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.06.

JELD-WEN Trading Up 2.4 %

JELD opened at $6.14 on Monday. JELD-WEN Holding, Inc. has a 12 month low of $5.44 and a 12 month high of $21.75. The stock has a market capitalization of $520.55 million, a price-to-earnings ratio of -2.75 and a beta of 2.22. 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 fifty day moving average price of $7.76 and a 200 day moving average price of $10.84.

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

Insider Transactions at JELD-WEN

In other news, Director David G. Nord bought 20,000 shares of the firm’s 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 transaction, the director now directly owns 40,000 shares in the company, valued at $238,400. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Turtle Creek Asset Management bought 110,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was purchased at an average cost of $7.65 per share, with a total value of $841,500.00. Following the completion of the transaction, the insider now owns 12,259,784 shares in the company, valued at approximately $93,787,347.60. This trade represents a 0.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 525,137 shares of company stock valued at $3,719,287. 1.03% of the stock is currently owned by corporate insiders.

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.