MQS Management LLC Takes $160,000 Position in JELD-WEN Holding, Inc. (NYSE:JELD)

MQS Management LLC acquired a new position in JELD-WEN Holding, Inc. (NYSE:JELD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,091 shares of the company’s stock, valued at approximately $160,000.

Several other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in shares of JELD-WEN by 790.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after acquiring an additional 1,922 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of JELD-WEN by 26.6% during the first quarter. BNP Paribas Financial Markets now owns 52,153 shares of the company’s stock valued at $1,107,000 after buying an additional 10,943 shares during the period. Russell Investments Group Ltd. increased its stake in shares of JELD-WEN by 12.5% during the first quarter. Russell Investments Group Ltd. now owns 111,135 shares of the company’s stock valued at $2,359,000 after buying an additional 12,330 shares during the period. ProShare Advisors LLC increased its stake in shares of JELD-WEN by 8.5% during the first quarter. ProShare Advisors LLC now owns 15,305 shares of the company’s stock valued at $325,000 after buying an additional 1,205 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of JELD-WEN by 17.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 34,800 shares of the company’s stock valued at $737,000 after buying an additional 5,059 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management bought 450,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of $10.06 per share, with a total value of $4,527,000.00. Following the completion of the acquisition, the insider now owns 11,751,912 shares in the company, valued at $118,224,234.72. The trade was a 3.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.03% of the company’s stock.

JELD-WEN Trading Down 1.6 %

Shares of NYSE:JELD opened at $10.19 on Friday. The company has a market cap of $862.28 million, a P/E ratio of -5.57 and a beta of 2.25. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. JELD-WEN Holding, Inc. has a 1 year low of $8.90 and a 1 year high of $21.75. The stock’s fifty day moving average price is $14.26 and its 200-day moving average price is $14.61.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The business had revenue of $934.70 million for the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. Sell-side analysts expect that JELD-WEN Holding, Inc. will post 0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JELD. B. Riley reduced their price target on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Loop Capital reduced their price target on JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. The Goldman Sachs Group reduced their price target on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Jefferies Financial Group upped their price target on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada reduced their price target on JELD-WEN from $13.00 to $9.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.56.

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.