Barclays PLC Sells 18,835 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Barclays PLC reduced its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 10.7% during the third quarter, Holdings Channel reports. The institutional investor owned 156,910 shares of the company’s stock after selling 18,835 shares during the period. Barclays PLC’s holdings in JELD-WEN were worth $2,481,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JELD. Innealta Capital LLC acquired a new position in shares of JELD-WEN during the second quarter valued at about $30,000. Blue Trust Inc. lifted its position in JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after acquiring an additional 1,284 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in JELD-WEN by 102.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company’s stock valued at $59,000 after purchasing an additional 2,216 shares during the last quarter. nVerses Capital LLC bought a new stake in JELD-WEN during the 2nd quarter worth approximately $92,000. Finally, MQS Management LLC purchased a new stake in shares of JELD-WEN in the third quarter worth approximately $160,000. Institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. B. Riley cut their target price on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. The Goldman Sachs Group cut their price objective on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Barclays lowered their target price on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Royal Bank of Canada cut their price target on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Wednesday, December 18th. Finally, UBS Group decreased their price objective on shares of JELD-WEN from $19.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, JELD-WEN presently has an average rating of “Hold” and a consensus price target of $13.63.

Insider Activity

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 450,000 shares of JELD-WEN stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average price of $10.06 per share, for a total transaction of $4,527,000.00. Following the completion of the purchase, the insider now directly owns 11,751,912 shares of the company’s stock, valued at approximately $118,224,234.72. This trade represents a 3.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.03% of the company’s stock.

JELD-WEN Stock Performance

Shares of JELD stock opened at $8.36 on Thursday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The firm has a market cap of $707.42 million, a price-to-earnings ratio of -4.57 and a beta of 2.12. JELD-WEN Holding, Inc. has a 52 week low of $8.15 and a 52 week high of $21.75. The firm’s 50-day simple moving average is $11.51 and its two-hundred day simple moving average is $13.51.

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