SG Americas Securities LLC Purchases Shares of 20,938 JELD-WEN Holding, Inc. (NYSE:JELD)

SG Americas Securities LLC acquired a new stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) during the third quarter, Holdings Channel.com reports. The fund acquired 20,938 shares of the company’s stock, valued at approximately $331,000.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in shares of JELD-WEN by 790.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after purchasing an additional 1,922 shares during the period. Innealta Capital LLC purchased a new stake in shares of JELD-WEN during the second quarter valued at approximately $30,000. nVerses Capital LLC bought a new stake in shares of JELD-WEN in the second quarter worth $92,000. Xponance Inc. bought a new stake in shares of JELD-WEN in the second quarter worth $198,000. Finally, ProShare Advisors LLC increased its stake in shares of JELD-WEN by 8.5% in the first quarter. ProShare Advisors LLC now owns 15,305 shares of the company’s stock worth $325,000 after buying an additional 1,205 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank of Canada restated an “underperform” rating and issued a $13.00 price target on shares of JELD-WEN in a research note on Wednesday, August 7th. Jefferies Financial Group lifted their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Barclays dropped their price target on shares of JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th. The Goldman Sachs Group lifted their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Finally, Loop Capital dropped their price target on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.30.

JELD-WEN Stock Performance

Shares of JELD opened at $15.74 on Friday. JELD-WEN Holding, Inc. has a 1 year low of $11.02 and a 1 year high of $21.75. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 68.43 and a beta of 2.24. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.33 and a current ratio of 2.03. The firm has a fifty day moving average of $14.82 and a 200-day moving average of $15.57.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.11. JELD-WEN had a negative net margin of 0.92% and a positive return on equity of 14.32%. The company had revenue of $986.00 million during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. As a group, equities analysts anticipate that JELD-WEN Holding, Inc. will post 1.29 earnings per share for the current year.

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.