Bridgefront Capital LLC Has $173,000 Stake in JELD-WEN Holding, Inc. (NYSE:JELD)

Bridgefront Capital LLC boosted its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD – Get Rating) by 38.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,804 shares of the company’s stock after acquiring an additional 5,525 shares during the period. Bridgefront Capital LLC’s holdings in JELD-WEN were worth $173,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JELD. JPMorgan Chase & Co. lifted its position in JELD-WEN by 14.7% during the 1st quarter. JPMorgan Chase & Co. now owns 93,948 shares of the company’s stock worth $1,905,000 after acquiring an additional 12,065 shares during the last quarter. Raymond James & Associates increased its holdings in shares of JELD-WEN by 19.5% during the 1st quarter. Raymond James & Associates now owns 43,286 shares of the company’s stock worth $878,000 after purchasing an additional 7,059 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of JELD-WEN by 4.7% during the 1st quarter. Bank of New York Mellon Corp now owns 416,738 shares of the company’s stock worth $8,451,000 after purchasing an additional 18,879 shares during the period. American Century Companies Inc. increased its holdings in shares of JELD-WEN by 21.3% during the 1st quarter. American Century Companies Inc. now owns 21,499 shares of the company’s stock worth $436,000 after purchasing an additional 3,778 shares during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of JELD-WEN during the 1st quarter worth about $320,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

JELD-WEN Price Performance

Shares of JELD stock opened at $11.98 on Friday. JELD-WEN Holding, Inc. has a 1 year low of $8.38 and a 1 year high of $24.35. The firm’s 50 day moving average is $12.52 and its 200-day moving average is $10.77. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 23.04 and a beta of 2.26. The company has a current ratio of 2.16, a quick ratio of 1.31 and a debt-to-equity ratio of 2.37.

JELD-WEN (NYSE:JELD – Get Rating) last announced its earnings results on Tuesday, February 21st. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.22. JELD-WEN had a net margin of 0.89% and a return on equity of 22.73%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the business earned $0.48 earnings per share. JELD-WEN’s quarterly revenue was up 3.5% on a year-over-year basis. Sell-side analysts forecast that JELD-WEN Holding, Inc. will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management bought 32,000 shares of the stock in a transaction on Friday, January 27th. The stock was purchased at an average price of $11.99 per share, with a total value of $383,680.00. Following the completion of the purchase, the insider now owns 1,096,859 shares of the company’s stock, valued at $13,151,339.41. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders bought 82,800 shares of company stock valued at $998,260. Corporate insiders own 1.81% of the company’s stock.

Analyst Upgrades and Downgrades

JELD has been the topic of several research reports. The Goldman Sachs Group boosted their price objective on shares of JELD-WEN from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, February 21st. Deutsche Bank Aktiengesellschaft upped their target price on shares of JELD-WEN from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Tuesday, January 10th. Stifel Nicolaus upped their target price on shares of JELD-WEN from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Monday, December 19th. B. Riley upped their target price on shares of JELD-WEN from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, February 22nd. Finally, StockNews.com started coverage on shares of JELD-WEN in a research note on Thursday. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.58.

JELD-WEN Company Profile

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JELD-WEN Holding, Inc engages in the manufacture and sale of doors, windows, and related products. It designs, produces, and distributes interior and exterior doors, wood, vinyl, aluminum windows, and related products for construction, repair, and remodeling of residential homes and non-residential buildings.