The Manufacturers Life Insurance Company Acquires 3,066 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

The Manufacturers Life Insurance Company raised its holdings in JELD-WEN Holding, Inc. (NYSE:JELD) by 7.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 43,436 shares of the company’s stock after acquiring an additional 3,066 shares during the period. The Manufacturers Life Insurance Company’s holdings in JELD-WEN were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of JELD. Vanguard Group Inc. boosted its stake in JELD-WEN by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 8,862,466 shares of the company’s stock worth $167,323,000 after purchasing an additional 71,917 shares during the period. Congress Asset Management Co. MA purchased a new position in JELD-WEN during the first quarter valued at approximately $4,631,000. Diversified Trust Co increased its holdings in JELD-WEN by 4.2% during the 1st quarter. Diversified Trust Co now owns 24,301 shares of the company’s stock worth $516,000 after acquiring an additional 981 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in JELD-WEN in the 1st quarter worth approximately $6,750,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in JELD-WEN by 790.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after purchasing an additional 1,922 shares during the period. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Price Performance

Shares of JELD-WEN stock opened at $15.46 on Wednesday. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 68.00 and a beta of 2.24. The company has a fifty day moving average of $14.71 and a 200-day moving average of $15.68. JELD-WEN Holding, Inc. has a 52-week low of $11.02 and a 52-week high of $21.75. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.33 and a current ratio of 2.03.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data 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. The firm had revenue of $986.00 million for the quarter, compared to analysts’ expectations of $1 billion. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. Equities research analysts expect that JELD-WEN Holding, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

JELD has been the topic of several research analyst reports. The Goldman Sachs Group upped their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Royal Bank of Canada restated an “underperform” rating and issued a $13.00 target price on shares of JELD-WEN in a research note on Wednesday, August 7th. Jefferies Financial Group boosted their price objective on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Loop Capital lowered their target price on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. Finally, Barclays cut their price target on shares of JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock 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.