C M Bidwell & Associates Ltd. Cuts Stock Position in JELD-WEN Holding, Inc. (NYSE:JELD)

C M Bidwell & Associates Ltd. lowered its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 75.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,565 shares of the company’s stock after selling 7,805 shares during the quarter. C M Bidwell & Associates Ltd.’s holdings in JELD-WEN were worth $48,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in JELD. Barclays PLC lifted its holdings in shares of JELD-WEN by 26.0% in the 3rd quarter. Barclays PLC now owns 101,014 shares of the company’s stock valued at $1,349,000 after acquiring an additional 20,846 shares during the last quarter. Swiss National Bank boosted its holdings in shares of JELD-WEN by 0.8% in the 3rd quarter. Swiss National Bank now owns 186,800 shares of the company’s stock worth $2,496,000 after purchasing an additional 1,500 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of JELD-WEN by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,024,732 shares of the company’s stock valued at $27,050,000 after purchasing an additional 76,609 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in JELD-WEN by 178.0% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 67,219 shares of the company’s stock valued at $898,000 after buying an additional 43,037 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in JELD-WEN by 32.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 23,386 shares of the company’s stock worth $312,000 after buying an additional 5,734 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JELD. B. Riley increased their target price on shares of JELD-WEN from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, February 21st. Royal Bank of Canada decreased their price objective on shares of JELD-WEN from $16.00 to $13.00 and set an “underperform” rating for the company in a research note on Wednesday, May 8th. StockNews.com cut JELD-WEN from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Barclays decreased their price target on JELD-WEN from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Monday, May 13th. Finally, Truist Financial upped their price objective on JELD-WEN from $15.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.00.

JELD-WEN Stock Performance

JELD stock opened at $14.15 on Thursday. JELD-WEN Holding, Inc. has a 1-year low of $11.02 and a 1-year high of $21.75. The business has a 50-day moving average price of $17.15 and a 200 day moving average price of $18.04. The company has a market capitalization of $1.22 billion, a P/E ratio of 61.52 and a beta of 2.30. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.08 and a quick ratio of 1.39.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $959.10 million for the quarter, compared to the consensus estimate of $972.62 million. JELD-WEN had a net margin of 0.47% and a return on equity of 15.78%. As a group, equities research analysts forecast that JELD-WEN Holding, Inc. will post 1.19 EPS for the current fiscal year.

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.