JELD-WEN Holding, Inc. (NYSE:JELD) Stock Holdings Lowered by Corebridge Financial Inc.

Corebridge Financial Inc. trimmed its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 8.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 41,998 shares of the company’s stock after selling 3,936 shares during the quarter. Corebridge Financial Inc.’s holdings in JELD-WEN were worth $344,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC lifted its position in shares of JELD-WEN by 16.5% during the 4th quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock valued at $91,443,000 after acquiring an additional 1,583,238 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in shares of JELD-WEN during the fourth quarter worth $9,492,000. American Century Companies Inc. raised its position in shares of JELD-WEN by 12.3% during the fourth quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock worth $47,305,000 after purchasing an additional 634,101 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of JELD-WEN by 11.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,225,439 shares of the company’s stock valued at $18,226,000 after purchasing an additional 220,815 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of JELD-WEN by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company’s stock valued at $69,984,000 after purchasing an additional 101,944 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on JELD. Royal Bank of Canada cut their price objective on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a report on Wednesday, February 19th. Truist Financial cut their price target on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. StockNews.com downgraded shares of JELD-WEN from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. Barclays lowered their price objective on shares of JELD-WEN from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, The Goldman Sachs Group reduced their target price on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $8.94.

Insider Activity

In other JELD-WEN news, Director David G. Nord acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price of $5.96 per share, with a total value of $119,200.00. Following the completion of the transaction, the director now owns 40,000 shares in the company, valued at $238,400. The trade was a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven E. Wynne bought 10,000 shares of JELD-WEN stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $6.01 per share, with a total value of $60,100.00. Following the completion of the purchase, the director now directly owns 28,000 shares of the company’s stock, valued at approximately $168,280. The trade was a 55.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 660,137 shares of company stock worth $3,996,687 in the last three months. 1.24% of the stock is owned by insiders.

JELD-WEN Stock Down 3.4 %

JELD stock opened at $5.23 on Friday. The company has a 50 day moving average of $6.45 and a two-hundred day moving average of $9.63. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. JELD-WEN Holding, Inc. has a 12-month low of $4.91 and a 12-month high of $21.75. The company has a market cap of $446.04 million, a price-to-earnings ratio of -2.34 and a beta of 1.93.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The firm had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. On average, equities analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

JELD-WEN Company Profile

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.