Russell Investments Group Ltd. Cuts Stock Holdings in JELD-WEN Holding, Inc. (NYSE:JELD)

Russell Investments Group Ltd. cut its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 3.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 138,723 shares of the company’s stock after selling 5,348 shares during the period. Russell Investments Group Ltd.’s holdings in JELD-WEN were worth $1,136,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of JELD. Performa Ltd US LLC raised its stake in shares of JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after acquiring an additional 3,950 shares in the last quarter. US Bancorp DE increased its position in shares of JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after purchasing an additional 7,025 shares in the last quarter. AXQ Capital LP purchased a new stake in shares of JELD-WEN during the 4th quarter valued at $105,000. Royce & Associates LP acquired a new stake in shares of JELD-WEN in the 4th quarter worth $118,000. Finally, Leavell Investment Management Inc. purchased a new position in JELD-WEN during the 4th quarter worth $123,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at JELD-WEN

In related news, Director Steven E. Wynne purchased 10,000 shares of JELD-WEN stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of $6.01 per share, for a total transaction of $60,100.00. Following the transaction, the director now directly owns 28,000 shares in the company, valued at approximately $168,280. This trade represents a 55.56 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David G. Nord acquired 20,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $5.96 per share, for a total transaction of $119,200.00. Following the completion of the acquisition, the director now 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. Insiders acquired a total of 711,548 shares of company stock worth $4,008,827 in the last 90 days. Corporate insiders own 1.24% of the company’s stock.

JELD-WEN Stock Up 0.8 %

Shares of JELD stock opened at $5.20 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. JELD-WEN Holding, Inc. has a twelve month low of $4.91 and a twelve month high of $21.75. The stock has a 50 day moving average of $5.95 and a 200 day moving average of $9.06. The stock has a market cap of $443.90 million, a P/E ratio of -2.33 and a beta of 1.93.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $860.82 million. As a group, sell-side analysts expect that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on JELD shares. Truist Financial decreased their price target on JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a research note 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. Loop Capital decreased their price target on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. 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 report on Wednesday, February 19th. Finally, Barclays reduced their target price on JELD-WEN from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $8.94.

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.