Janus Henderson Group PLC acquired a new stake in Jeld-Wen Holding Inc (NYSE:JELD) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 18,695 shares of the company’s stock, valued at approximately $330,000.
A number of other hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in Jeld-Wen by 49.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 521,243 shares of the company’s stock worth $12,854,000 after acquiring an additional 171,513 shares during the last quarter. Nisa Investment Advisors LLC purchased a new position in Jeld-Wen during the 4th quarter valued at about $232,000. Quantamental Technologies LLC purchased a new position in Jeld-Wen during the 4th quarter valued at about $85,000. Rhumbline Advisers grew its holdings in Jeld-Wen by 44.6% during the 4th quarter. Rhumbline Advisers now owns 90,516 shares of the company’s stock valued at $1,286,000 after buying an additional 27,909 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Jeld-Wen during the 4th quarter valued at about $940,000. Hedge funds and other institutional investors own 64.04% of the company’s stock.
Shares of JELD opened at $19.79 on Friday. The stock has a market cap of $2.10 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 1.04 and a beta of 2.89. The company has a quick ratio of 0.93, a current ratio of 1.64 and a debt-to-equity ratio of 2.19. Jeld-Wen Holding Inc has a 12-month low of $13.28 and a 12-month high of $30.25.
Jeld-Wen (NYSE:JELD) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.03). The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. Jeld-Wen had a net margin of 2.74% and a return on equity of 20.28%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. On average, equities analysts forecast that Jeld-Wen Holding Inc will post 1.75 earnings per share for the current year.
In other Jeld-Wen news, Chairman Kirk S. Hachigian sold 42,927 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $20.08, for a total value of $861,974.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.47% of the company’s stock.
A number of research analysts have weighed in on JELD shares. Royal Bank of Canada set a $21.00 target price on Jeld-Wen and gave the company a “hold” rating in a report on Wednesday, February 20th. Zacks Investment Research raised Jeld-Wen from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Credit Suisse Group set a $20.00 target price on Jeld-Wen and gave the company a “hold” rating in a report on Tuesday, February 26th. Finally, Seaport Global Securities assumed coverage on Jeld-Wen in a report on Friday, March 15th. They set a “buy” rating and a $26.00 target price for the company. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.71.
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JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.
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