Bank of New York Mellon Corp Purchases 220,177 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Bank of New York Mellon Corp lifted its stake in JELD-WEN Holding, Inc. (NYSE:JELD) by 19.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,366,034 shares of the company’s stock after acquiring an additional 220,177 shares during the quarter. Bank of New York Mellon Corp’s holdings in JELD-WEN were worth $18,400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in JELD. New York State Common Retirement Fund boosted its holdings in shares of JELD-WEN by 22.6% in the fourth quarter. New York State Common Retirement Fund now owns 42,064 shares of the company’s stock worth $794,000 after buying an additional 7,764 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of JELD-WEN in the fourth quarter worth approximately $622,000. QRG Capital Management Inc. lifted its holdings in JELD-WEN by 67.9% during the fourth quarter. QRG Capital Management Inc. now owns 29,940 shares of the company’s stock valued at $565,000 after purchasing an additional 12,106 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in JELD-WEN by 6.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,720,799 shares of the company’s stock valued at $51,370,000 after purchasing an additional 157,383 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in JELD-WEN by 15.3% during the fourth quarter. Principal Financial Group Inc. now owns 35,401 shares of the company’s stock valued at $668,000 after purchasing an additional 4,705 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Trading Down 0.7 %

JELD stock opened at $13.35 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.53. JELD-WEN Holding, Inc. has a twelve month low of $11.02 and a twelve month high of $21.75. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 58.04 and a beta of 2.28. The firm’s fifty day simple moving average is $14.53 and its two-hundred day simple moving average is $16.36.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.11. The firm had revenue of $986.00 million for the quarter, compared to analysts’ expectations of $1 billion. JELD-WEN had a negative net margin of 0.92% and a positive return on equity of 14.32%. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. As a group, analysts anticipate that JELD-WEN Holding, Inc. will post 1.31 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on JELD shares. Loop Capital reduced their price target on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. Royal Bank of Canada restated an “underperform” rating and issued a $13.00 price target on shares of JELD-WEN in a research report on Wednesday, August 7th. The Goldman Sachs Group reduced their price target on shares of JELD-WEN from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Finally, Barclays reduced their price target on shares of JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.80.

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.