JELD-WEN Holding, Inc. (NYSE:JELD) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC boosted its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 88.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,176 shares of the company’s stock after purchasing an additional 23,050 shares during the quarter. Inspire Investing LLC’s holdings in JELD-WEN were worth $403,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its stake in JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after buying an additional 1,284 shares in the last quarter. MQS Management LLC purchased a new stake in JELD-WEN during the 3rd quarter valued at about $160,000. Xponance Inc. purchased a new position in JELD-WEN in the 2nd quarter worth approximately $198,000. Diversified Trust Co boosted its holdings in shares of JELD-WEN by 8.8% during the 4th 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. Finally, Sei Investments Co. increased its holdings in shares of JELD-WEN by 13.2% in the second quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock valued at $242,000 after purchasing an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Insider Buying and Selling at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 200,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were acquired at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the acquisition, the insider now directly owns 11,941,452 shares of the company’s stock, valued at $125,146,416.96. The trade was a 1.70 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders purchased 960,000 shares of company stock worth $9,086,500 over the last 90 days. Corporate insiders own 1.03% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on JELD. Barclays dropped their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Jefferies Financial Group boosted their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. UBS Group reaffirmed a “neutral” rating and set a $9.00 price target (down previously from $15.00) on shares of JELD-WEN in a research report on Wednesday, January 8th. The Goldman Sachs Group reduced their target price on JELD-WEN from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, B. Riley cut their price objective on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.75.

JELD-WEN Stock Performance

Shares of JELD-WEN stock opened at $9.60 on Friday. The business has a 50-day simple moving average of $9.47 and a 200-day simple moving average of $12.74. The company has a market cap of $812.18 million, a PE ratio of -5.24 and a beta of 2.16. JELD-WEN Holding, Inc. has a one year low of $7.43 and a one year high of $21.75. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The business had revenue of $934.70 million during the quarter, compared to analysts’ expectations of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The company’s revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. On average, equities research analysts forecast that JELD-WEN Holding, Inc. will post 0.73 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.