Bailard Inc. Makes New $727,000 Investment in JELD-WEN Holding, Inc. (NYSE:JELD)

Bailard Inc. purchased a new position in JELD-WEN Holding, Inc. (NYSE:JELD) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 38,500 shares of the company’s stock, valued at approximately $727,000.

A number of other hedge funds have also recently added to or reduced their stakes in JELD. SG Americas Securities LLC boosted its stake in JELD-WEN by 119.3% in the 3rd quarter. SG Americas Securities LLC now owns 47,871 shares of the company’s stock worth $640,000 after buying an additional 26,046 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of JELD-WEN by 4.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 474,426 shares of the company’s stock valued at $6,338,000 after purchasing an additional 22,210 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of JELD-WEN by 22.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,145 shares of the company’s stock valued at $176,000 after purchasing an additional 2,415 shares in the last quarter. Mackenzie Financial Corp acquired a new position in shares of JELD-WEN in the 3rd quarter valued at about $202,000. Finally, Planning Center Inc. acquired a new position in shares of JELD-WEN in the 3rd quarter valued at about $673,000. 95.04% of the stock is owned by institutional investors and hedge funds.

JELD-WEN Price Performance

Shares of JELD opened at $21.41 on Friday. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 29.33 and a beta of 2.35. The stock has a 50 day moving average of $19.24 and a 200-day moving average of $17.35. The company has a current ratio of 2.20, a quick ratio of 1.49 and a debt-to-equity ratio of 1.40. JELD-WEN Holding, Inc. has a 52 week low of $11.02 and a 52 week high of $21.75.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, February 19th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.25 by $0.12. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. JELD-WEN had a return on equity of 17.99% and a net margin of 1.40%. During the same quarter last year, the firm earned $0.47 EPS. As a group, analysts forecast that JELD-WEN Holding, Inc. will post 1.6 EPS for the current year.

Insider Activity at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management sold 54,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.84, for a total transaction of $1,071,360.00. Following the completion of the transaction, the insider now owns 760,463 shares in the company, valued at approximately $15,087,585.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Roderick Wendt sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $30.76, for a total transaction of $307,600.00. Following the completion of the transaction, the director now owns 294,558 shares in the company, valued at approximately $9,060,604.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Turtle Creek Asset Management sold 54,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $19.84, for a total value of $1,071,360.00. Following the transaction, the insider now owns 760,463 shares of the company’s stock, valued at approximately $15,087,585.92. The disclosure for this sale can be found here. Insiders sold 127,000 shares of company stock worth $2,698,610 in the last 90 days. 1.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on JELD-WEN from $15.00 to $16.00 and gave the company an “underperform” rating in a research note on Wednesday, February 21st. B. Riley raised their target price on JELD-WEN from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, February 21st. Oppenheimer initiated coverage on JELD-WEN in a report on Friday, January 19th. They set a “market perform” rating on the stock. Loop Capital initiated coverage on JELD-WEN in a report on Thursday, February 15th. They set a “hold” rating and a $22.00 price objective on the stock. Finally, Truist Financial lifted their price objective on JELD-WEN from $15.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.30.

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.