Strs Ohio Decreases Holdings in JELD-WEN Holding, Inc. (NYSE:JELD)

Strs Ohio reduced its stake in JELD-WEN Holding, Inc. (NYSE:JELD) by 15.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 45,200 shares of the company’s stock after selling 8,300 shares during the quarter. Strs Ohio owned 0.05% of JELD-WEN worth $853,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new position in shares of JELD-WEN during the 4th quarter valued at approximately $450,000. DekaBank Deutsche Girozentrale bought a new position in JELD-WEN during the fourth quarter valued at $118,000. International Assets Investment Management LLC purchased a new stake in JELD-WEN in the fourth quarter worth $125,000. Assenagon Asset Management S.A. raised its stake in shares of JELD-WEN by 22.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 314,880 shares of the company’s stock valued at $5,945,000 after buying an additional 56,807 shares during the period. Finally, Raymond James & Associates lifted its position in shares of JELD-WEN by 6.8% during the 4th quarter. Raymond James & Associates now owns 128,103 shares of the company’s stock valued at $2,419,000 after buying an additional 8,204 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Insider Activity

In other JELD-WEN news, major shareholder Turtle Creek Asset Management sold 54,000 shares of JELD-WEN stock in a transaction dated 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 sale, the insider now owns 760,463 shares of the company’s stock, valued at $15,087,585.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other JELD-WEN news, major shareholder Turtle Creek Asset Management sold 54,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $19.84, for a total transaction of $1,071,360.00. Following the transaction, the insider now directly owns 760,463 shares in the company, valued at $15,087,585.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roderick Wendt sold 10,000 shares of JELD-WEN 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 transaction, the director now directly owns 294,558 shares in the company, valued at $9,060,604.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 127,000 shares of company stock worth $2,698,610. 1.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on JELD shares. Loop Capital assumed coverage on JELD-WEN in a research note on Thursday, February 15th. They issued a “hold” rating and a $22.00 price objective on the stock. Royal Bank of Canada upped their price target on shares of 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 boosted their target price on shares of JELD-WEN from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, February 21st. Truist Financial raised their price target on JELD-WEN from $15.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, February 21st. Finally, Oppenheimer started coverage on JELD-WEN in a research note on Friday, January 19th. They set a “market perform” rating on the stock. One research 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. According to data from MarketBeat, JELD-WEN presently has an average rating of “Hold” and an average target price of $18.30.

JELD-WEN Price Performance

Shares of NYSE JELD opened at $18.81 on Thursday. The stock’s 50-day simple moving average is $19.22 and its two-hundred day simple moving average is $17.31. JELD-WEN Holding, Inc. has a twelve month low of $11.02 and a twelve month high of $21.67. The firm has a market capitalization of $1.62 billion, a P/E ratio of 25.77 and a beta of 2.35. The company has a quick ratio of 1.49, a current ratio of 2.20 and a debt-to-equity ratio of 1.40.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, February 19th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.12. JELD-WEN had a net margin of 1.40% and a return on equity of 17.99%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the business earned $0.47 earnings per share. As a group, equities analysts anticipate that JELD-WEN Holding, Inc. will post 1.6 EPS for the current fiscal year.

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.