California State Teachers Retirement System decreased its holdings in JELD-WEN Holding, Inc. (NYSE:JELD) by 20.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,929 shares of the company’s stock after selling 9,971 shares during the period. California State Teachers Retirement System’s holdings in JELD-WEN were worth $1,296,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in JELD. Vanguard Group Inc. purchased a new stake in shares of JELD-WEN in the 1st quarter worth about $72,987,000. FMR LLC lifted its stake in JELD-WEN by 148.6% during the 2nd quarter. FMR LLC now owns 3,332,306 shares of the company’s stock valued at $108,167,000 after acquiring an additional 1,991,945 shares during the period. BlackRock Inc. lifted its stake in JELD-WEN by 69.1% during the 2nd quarter. BlackRock Inc. now owns 2,994,158 shares of the company’s stock valued at $97,191,000 after acquiring an additional 1,223,534 shares during the period. Citadel Advisors LLC lifted its stake in shares of JELD-WEN by 284.5% in the 2nd quarter. Citadel Advisors LLC now owns 1,588,520 shares of the company’s stock worth $51,563,000 after purchasing an additional 1,175,414 shares during the period. Finally, Obermeyer Wood Investment Counsel Lllp bought a new position in shares of JELD-WEN in the 2nd quarter worth approximately $28,241,000. 41.03% of the stock is owned by institutional investors and hedge funds.
Shares of JELD-WEN Holding, Inc. (JELD) traded up $0.60 during mid-day trading on Thursday, hitting $37.82. The stock had a trading volume of 821,686 shares, compared to its average volume of 714,819. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.93 and a quick ratio of 1.28. JELD-WEN Holding, Inc. has a twelve month low of $24.95 and a twelve month high of $40.25.
JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $991.40 million during the quarter, compared to analysts’ expectations of $974.98 million. JELD-WEN had a return on equity of 58.83% and a net margin of 9.12%. The firm’s revenue was up 6.3% compared to the same quarter last year. sell-side analysts forecast that JELD-WEN Holding, Inc. will post 1.59 earnings per share for the current fiscal year.
In other JELD-WEN news, major shareholder Corp Onex sold 20,832,636 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $32.74, for a total value of $682,060,502.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP John R. Linker sold 7,235 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $32.74, for a total value of $236,873.90. Following the sale, the senior vice president now directly owns 14,453 shares in the company, valued at approximately $473,191.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,672,683 shares of company stock valued at $1,560,803,641.
JELD has been the topic of several recent research reports. Zacks Investment Research cut shares of JELD-WEN from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating and set a $37.00 target price on shares of JELD-WEN in a research note on Tuesday, August 29th. J P Morgan Chase & Co raised shares of JELD-WEN from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $34.00 to $38.00 in a report on Wednesday, September 6th. Goldman Sachs Group raised shares of JELD-WEN from a “neutral” rating to a “buy” rating and raised their target price for the company from $35.00 to $37.00 in a report on Wednesday, September 6th. Finally, Bank of America upgraded JELD-WEN from a “neutral” rating to a “buy” rating and raised their price target for the stock from $36.00 to $40.00 in a research report on Thursday, September 7th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. JELD-WEN currently has an average rating of “Buy” and an average target price of $37.27.
JELD-WEN Company Profile
JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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