Xponance Inc. Acquires New Stake in JELD-WEN Holding, Inc. (NYSE:JELD)

Xponance Inc. acquired a new stake in JELD-WEN Holding, Inc. (NYSE:JELD) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,708 shares of the company’s stock, valued at approximately $198,000.

Several other institutional investors have also bought and sold shares of JELD. Pzena Investment Management LLC lifted its stake in JELD-WEN by 26.3% in the second quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company’s stock valued at $125,552,000 after purchasing an additional 1,939,052 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of JELD-WEN by 319.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company’s stock worth $17,985,000 after acquiring an additional 1,017,275 shares in the last quarter. Norges Bank purchased a new stake in shares of JELD-WEN during the fourth quarter worth $9,783,000. Hennessy Advisors Inc. purchased a new stake in shares of JELD-WEN during the second quarter worth $5,342,000. Finally, Bank of New York Mellon Corp lifted its position in shares of JELD-WEN by 19.2% during the second quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company’s stock worth $18,400,000 after acquiring an additional 220,177 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on JELD. The Goldman Sachs Group dropped their target price on JELD-WEN from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Royal Bank of Canada restated an “underperform” rating and set a $13.00 target price on shares of JELD-WEN in a research report on Wednesday, August 7th. Loop Capital dropped their target price on JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. Finally, Barclays decreased their price target on shares of JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.80.

JELD-WEN Stock Down 0.6 %

JELD opened at $16.13 on Thursday. The stock has a market cap of $1.39 billion, a PE ratio of 70.13 and a beta of 2.24. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.53. JELD-WEN Holding, Inc. has a 52 week low of $11.02 and a 52 week high of $21.75. The business’s fifty day simple moving average is $14.79 and its 200 day simple moving average is $15.96.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, August 5th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11. The business had revenue of $986.00 million for the quarter, compared to analysts’ expectations of $1 billion. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The firm’s revenue was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. As a group, research analysts expect that JELD-WEN Holding, Inc. will post 1.29 earnings per share 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.