Beaconlight Capital LLC Grows Stock Holdings in JELD-WEN Holding, Inc. (NYSE:JELD)

Beaconlight Capital LLC lifted its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 227.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 277,272 shares of the company’s stock after buying an additional 192,724 shares during the period. JELD-WEN comprises about 1.8% of Beaconlight Capital LLC’s holdings, making the stock its 21st largest position. Beaconlight Capital LLC’s holdings in JELD-WEN were worth $4,384,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BNP Paribas Financial Markets increased its position in shares of JELD-WEN by 10.3% during the third quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock valued at $573,000 after buying an additional 3,383 shares during the period. Dynamic Technology Lab Private Ltd increased its position in shares of JELD-WEN by 96.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 44,848 shares of the company’s stock valued at $709,000 after buying an additional 21,981 shares during the period. Intech Investment Management LLC purchased a new position in shares of JELD-WEN during the third quarter valued at about $293,000. Pzena Investment Management LLC increased its position in shares of JELD-WEN by 2.8% during the third quarter. Pzena Investment Management LLC now owns 9,582,008 shares of the company’s stock valued at $151,492,000 after buying an additional 261,157 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of JELD-WEN by 57.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock valued at $33,200,000 after buying an additional 764,645 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Insider Activity at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 200,000 shares of JELD-WEN stock in a transaction on Thursday, November 7th. The stock was acquired at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the completion of the acquisition, the insider now owns 11,941,452 shares in the company, valued at approximately $125,146,416.96. This represents a 1.70 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

JELD has been the topic of a number of recent research reports. Jefferies Financial Group upped their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. B. Riley cut their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Barclays cut their price objective on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. UBS Group cut their price objective on shares of JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.56.

JELD-WEN Stock Performance

JELD-WEN stock traded up $0.14 during midday trading on Wednesday, reaching $10.84. 8,558 shares of the company traded hands, compared to its average volume of 695,512. The firm has a market capitalization of $917.28 million, a price-to-earnings ratio of -5.84 and a beta of 2.25. The business has a 50 day moving average of $13.76 and a two-hundred day moving average of $14.23. JELD-WEN Holding, Inc. has a 12 month low of $8.90 and a 12 month high of $21.75. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The company had revenue of $934.70 million for the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. As a group, research analysts predict that JELD-WEN Holding, Inc. will post 0.86 earnings per share for the current year.

JELD-WEN Company 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.