Chartwell Investment Partners LLC grew its position in shares of Jeld-Wen Holding Inc (NYSE:JELD) by 3.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 268,036 shares of the company’s stock after buying an additional 9,791 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Jeld-Wen were worth $4,318,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Pzena Investment Management LLC boosted its holdings in Jeld-Wen by 12.4% in the first quarter. Pzena Investment Management LLC now owns 8,966,895 shares of the company’s stock valued at $87,248,000 after acquiring an additional 990,502 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Jeld-Wen by 6.1% during the 1st quarter. Wellington Management Group LLP now owns 6,934,603 shares of the company’s stock valued at $67,474,000 after purchasing an additional 398,027 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Jeld-Wen by 41.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 5,178,885 shares of the company’s stock worth $50,391,000 after buying an additional 1,514,669 shares in the last quarter. Invesco Ltd. raised its stake in Jeld-Wen by 9.5% in the first quarter. Invesco Ltd. now owns 1,641,405 shares of the company’s stock worth $15,972,000 after buying an additional 142,601 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC lifted its holdings in Jeld-Wen by 25.9% in the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,276,405 shares of the company’s stock worth $12,419,000 after buying an additional 262,726 shares during the period. Institutional investors own 62.18% of the company’s stock.
In related news, CEO Gary S. Michel purchased 10,000 shares of Jeld-Wen stock in a transaction dated Thursday, May 7th. The stock was purchased at an average cost of $12.68 per share, for a total transaction of $126,800.00. Following the completion of the purchase, the chief executive officer now directly owns 202,132 shares of the company’s stock, valued at approximately $2,563,033.76. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.19% of the company’s stock.
JELD has been the subject of several research reports. Benchmark lowered Jeld-Wen from a “buy” rating to a “hold” rating in a research report on Tuesday, July 21st. ValuEngine upgraded Jeld-Wen from a “sell” rating to a “hold” rating in a report on Tuesday, April 21st. Wells Fargo & Co raised their price objective on Jeld-Wen from $13.50 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. Robert W. Baird upped their target price on shares of Jeld-Wen from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Zacks Investment Research upgraded shares of Jeld-Wen from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Wednesday, July 8th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. Jeld-Wen currently has an average rating of “Hold” and an average target price of $16.42.
Shares of JELD opened at $19.60 on Friday. Jeld-Wen Holding Inc has a twelve month low of $6.06 and a twelve month high of $27.00. The company has a market capitalization of $1.97 billion, a P/E ratio of 41.70, a price-to-earnings-growth ratio of 24.05 and a beta of 2.85. The firm has a 50 day moving average of $16.69 and a 200 day moving average of $16.43. The company has a quick ratio of 1.07, a current ratio of 1.76 and a debt-to-equity ratio of 2.27.
Jeld-Wen (NYSE:JELD) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Jeld-Wen had a return on equity of 13.86% and a net margin of 1.10%. The firm had revenue of $979.20 million for the quarter, compared to the consensus estimate of $979.09 million. During the same period in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, sell-side analysts expect that Jeld-Wen Holding Inc will post 0.71 EPS for the current year.
Jeld-Wen Company Profile
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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