State of New Jersey Common Pension Fund D purchased a new stake in shares of Jeld-Wen Holding Inc (NYSE:JELD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 107,900 shares of the company’s stock, valued at approximately $2,081,000. State of New Jersey Common Pension Fund D owned 0.11% of Jeld-Wen as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its holdings in Jeld-Wen by 208,100.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,082 shares of the company’s stock valued at $44,000 after purchasing an additional 2,081 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Jeld-Wen in the second quarter valued at about $49,000. Point72 Hong Kong Ltd purchased a new position in shares of Jeld-Wen in the second quarter valued at about $58,000. Aperio Group LLC purchased a new position in shares of Jeld-Wen in the second quarter valued at about $117,000. Finally, Bank of Montreal Can lifted its position in shares of Jeld-Wen by 1,572.7% in the second quarter. Bank of Montreal Can now owns 6,055 shares of the company’s stock valued at $129,000 after acquiring an additional 5,693 shares in the last quarter. 59.45% of the stock is owned by institutional investors and hedge funds.
Shares of Jeld-Wen stock opened at $20.77 on Friday. The stock’s 50-day simple moving average is $18.19 and its 200-day simple moving average is $19.42. Jeld-Wen Holding Inc has a 52 week low of $13.28 and a 52 week high of $22.27. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.51 and a beta of 2.58. The company has a quick ratio of 0.96, a current ratio of 1.66 and a debt-to-equity ratio of 2.11.
Jeld-Wen (NYSE:JELD) last posted its earnings results on Wednesday, November 6th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12). The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Jeld-Wen had a return on equity of 19.84% and a net margin of 2.47%. Jeld-Wen’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. On average, equities analysts expect that Jeld-Wen Holding Inc will post 1.36 earnings per share for the current year.
Several equities analysts have recently commented on the company. Bank of America restated a “sell” rating and issued a $18.00 price objective on shares of Jeld-Wen in a research report on Monday, August 26th. Robert W. Baird lowered their price objective on Jeld-Wen from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Barclays restated a “buy” rating and issued a $20.00 price objective on shares of Jeld-Wen in a research report on Tuesday, October 15th. B. Riley lowered their price objective on Jeld-Wen from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Finally, ValuEngine downgraded Jeld-Wen from a “hold” rating to a “sell” rating in a research report on Thursday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.11.
JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.
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