Pzena Investment Management LLC Acquires 1,583,238 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Pzena Investment Management LLC raised its position in JELD-WEN Holding, Inc. (NYSE:JELD) by 16.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,165,246 shares of the company’s stock after buying an additional 1,583,238 shares during the period. Pzena Investment Management LLC owned 0.13% of JELD-WEN worth $91,443,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JELD. Victory Capital Management Inc. boosted its position in JELD-WEN by 1,167.9% in the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after buying an additional 2,010,275 shares in the last quarter. Alberta Investment Management Corp acquired a new position in JELD-WEN in the fourth quarter valued at about $9,492,000. Vaughan Nelson Investment Management L.P. boosted its position in JELD-WEN by 57.3% in 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in JELD-WEN by 11.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,225,439 shares of the company’s stock valued at $18,226,000 after buying an additional 220,815 shares in the last quarter. Finally, Beaconlight Capital LLC boosted its position in JELD-WEN by 227.9% in the third quarter. Beaconlight Capital LLC now owns 277,272 shares of the company’s stock valued at $4,384,000 after buying an additional 192,724 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director David G. Nord bought 20,000 shares of the stock in a transaction on Monday, February 24th. The stock was purchased at an average price of $5.96 per share, with a total value of $119,200.00. Following the completion of the purchase, the director now owns 40,000 shares of the company’s stock, valued at approximately $238,400. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Turtle Creek Asset Management bought 110,000 shares of the stock in a transaction on Friday, January 10th. The stock was purchased at an average cost of $7.65 per share, with a total value of $841,500.00. Following the purchase, the insider now directly owns 12,259,784 shares of the company’s stock, valued at approximately $93,787,347.60. This represents a 0.91 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 525,137 shares of company stock valued at $3,719,287 over the last ninety days. Insiders own 1.03% of the company’s stock.

JELD-WEN Trading Down 0.9 %

JELD opened at $6.11 on Tuesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The company has a market cap of $518.01 million, a price-to-earnings ratio of -2.74 and a beta of 2.22. The firm has a 50 day simple moving average of $7.96 and a 200 day simple moving average of $11.13. JELD-WEN Holding, Inc. has a fifty-two week low of $5.44 and a fifty-two week high of $21.75.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). The business had revenue of $895.70 million for the quarter, compared to the consensus estimate of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. On average, sell-side analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on JELD. Royal Bank of Canada reduced their price target on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 19th. Truist Financial reduced their target price on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. StockNews.com lowered shares of JELD-WEN from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Loop Capital reduced their target price on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.06.

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.