Norges Bank Takes Position in JELD-WEN Holding, Inc. (NYSE:JELD)

Norges Bank purchased a new position in JELD-WEN Holding, Inc. (NYSE:JELD) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 206,870 shares of the company’s stock, valued at approximately $1,694,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of JELD. BNP Paribas Financial Markets increased its position in shares of JELD-WEN by 10.3% in the third quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock worth $573,000 after acquiring an additional 3,383 shares in the last quarter. State Street Corp grew its position in JELD-WEN by 1.1% during the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company’s stock worth $31,594,000 after purchasing an additional 21,264 shares in the last quarter. Geode Capital Management LLC raised its stake in JELD-WEN by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock valued at $30,771,000 after purchasing an additional 9,468 shares during the period. JPMorgan Chase & Co. raised its stake in JELD-WEN by 8.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 130,078 shares of the company’s stock valued at $2,057,000 after purchasing an additional 10,154 shares during the period. Finally, Diversified Trust Co lifted its holdings in shares of JELD-WEN by 8.8% in the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock valued at $226,000 after purchasing an additional 2,242 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Insider Activity at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 100,000 shares of the stock in a transaction dated Thursday, April 3rd. The shares were bought at an average cost of $5.86 per share, with a total value of $586,000.00. Following the completion of the transaction, the insider now owns 12,664,379 shares in the company, valued at $74,213,260.94. This trade represents a 0.80 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 acquired at an average cost of $5.96 per share, with a total value of $119,200.00. Following the transaction, the director now directly owns 40,000 shares in the company, valued at $238,400. The trade was a 100.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 660,137 shares of company stock valued at $3,996,687. Corporate insiders own 1.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. StockNews.com lowered JELD-WEN from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. Truist Financial dropped their target price on JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Barclays decreased their price target on shares of JELD-WEN from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday. The Goldman Sachs Group dropped their price objective on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Finally, UBS Group decreased their target price on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.94.

JELD-WEN Stock Performance

Shares of JELD opened at $5.22 on Friday. The firm has a market cap of $445.95 million, a price-to-earnings ratio of -2.34 and a beta of 1.93. The company’s fifty day moving average is $6.45 and its 200-day moving average is $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.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.20). JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The business had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. Equities analysts expect that JELD-WEN Holding, Inc. will post 0.88 EPS 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.