Sei Investments Co. Boosts Position in JELD-WEN Holding, Inc. (NYSE:JELD)

Sei Investments Co. raised its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 13.2% in the second quarter, HoldingsChannel reports. The firm owned 17,999 shares of the company’s stock after acquiring an additional 2,100 shares during the period. Sei Investments Co.’s holdings in JELD-WEN were worth $242,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Diversified Trust Co increased its holdings in JELD-WEN by 4.2% during the first quarter. Diversified Trust Co now owns 24,301 shares of the company’s stock valued at $516,000 after buying an additional 981 shares during the period. SummerHaven Investment Management LLC boosted its position in JELD-WEN by 2.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 42,076 shares of the company’s stock valued at $567,000 after acquiring an additional 1,025 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of JELD-WEN by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 15,305 shares of the company’s stock valued at $325,000 after acquiring an additional 1,205 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of JELD-WEN by 790.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after acquiring an additional 1,922 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of JELD-WEN during the second quarter valued at about $30,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

JELD-WEN Trading Up 3.3 %

Shares of JELD opened at $15.16 on Friday. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -34.45 and a beta of 2.24. The firm has a 50 day simple moving average of $14.70 and a 200-day simple moving average of $15.79. JELD-WEN Holding, Inc. has a 1-year low of $11.02 and a 1-year high of $21.75. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11. JELD-WEN had a negative net margin of 0.92% and a positive return on equity of 14.32%. The firm had revenue of $986.00 million during the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. JELD-WEN’s revenue was down 12.4% compared to the same quarter last year. Equities analysts forecast that JELD-WEN Holding, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on JELD. Jefferies Financial Group boosted their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday. The Goldman Sachs Group raised their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday. Royal Bank of Canada reaffirmed an “underperform” rating and set a $13.00 price target on shares of JELD-WEN in a research report on Wednesday, August 7th. Loop Capital decreased their price objective on JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, July 19th. Finally, Barclays lowered their target price on shares of JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $17.30.

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.