First Trust Advisors LP Cuts Stock Position in JELD-WEN Holding, Inc. (NYSE:JELD)

First Trust Advisors LP decreased its position in JELD-WEN Holding, Inc. (NYSE:JELD) by 77.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,754 shares of the company’s stock after selling 130,960 shares during the quarter. First Trust Advisors LP’s holdings in JELD-WEN were worth $317,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Diversified Trust Co grew 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 worth $226,000 after purchasing an additional 2,242 shares during the last quarter. Performa Ltd US LLC boosted its position in JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after buying an additional 3,950 shares during the period. Rhumbline Advisers grew its holdings in JELD-WEN by 3.5% in the 4th quarter. Rhumbline Advisers now owns 148,461 shares of the company’s stock worth $1,216,000 after acquiring an additional 4,962 shares during the last quarter. US Bancorp DE increased its position in shares of JELD-WEN by 257.6% in the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after acquiring an additional 7,025 shares during the period. Finally, Barclays PLC raised its stake in shares of JELD-WEN by 4.7% during the fourth quarter. Barclays PLC now owns 164,293 shares of the company’s stock valued at $1,344,000 after acquiring an additional 7,383 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at JELD-WEN

In other news, Director Steven E. Wynne acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average cost of $6.01 per share, for a total transaction of $60,100.00. Following the acquisition, the director now directly owns 28,000 shares in the company, valued at approximately $168,280. The trade was a 55.56 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Turtle Creek Asset Management acquired 150,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average cost of $4.26 per share, for a total transaction of $639,000.00. Following the completion of the transaction, the insider now directly owns 13,250,853 shares in the company, valued at $56,448,633.78. This represents a 1.14 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 864,404 shares of company stock worth $4,662,392. 1.24% of the stock is owned by insiders.

JELD-WEN Trading Up 6.8 %

Shares of NYSE JELD opened at $4.22 on Friday. JELD-WEN Holding, Inc. has a 1 year low of $3.95 and a 1 year high of $17.70. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The firm has a 50-day moving average of $5.55 and a 200 day moving average of $8.11. The stock has a market cap of $360.24 million, a P/E ratio of -1.89 and a beta of 1.86.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, May 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.02. The firm had revenue of $776.00 million during the quarter, compared to analyst estimates of $769.25 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The business’s revenue was down 19.1% on a year-over-year basis. During the same period last year, the business earned $0.21 earnings per share. As a group, sell-side analysts expect that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Royal Bank of Canada cut their target price on JELD-WEN from $5.00 to $2.00 and set an “underperform” rating on the stock in a research note on Wednesday. UBS Group decreased their target price on JELD-WEN from $7.50 to $5.00 and set a “neutral” rating for the company in a report on Wednesday. Barclays dropped their price target on JELD-WEN from $5.00 to $4.50 and set an “equal weight” rating for the company in a research note on Thursday. Loop Capital decreased their price objective on shares of JELD-WEN from $8.00 to $4.00 and set a “hold” rating for the company in a report on Thursday. Finally, StockNews.com raised shares of JELD-WEN from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $7.34.

JELD-WEN 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.