US Bancorp DE Sells 5,154 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

US Bancorp DE decreased its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 65.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,727 shares of the company’s stock after selling 5,154 shares during the period. US Bancorp DE’s holdings in JELD-WEN were worth $43,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of JELD-WEN by 790.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after buying an additional 1,922 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of JELD-WEN during the second quarter valued at approximately $30,000. Blue Trust Inc. grew its holdings in shares of JELD-WEN by 79.8% during the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after buying an additional 1,284 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of JELD-WEN during the second quarter valued at approximately $92,000. Finally, Xponance Inc. purchased a new stake in shares of JELD-WEN during the second quarter valued at approximately $198,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Insider Buying and Selling at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management purchased 200,000 shares of JELD-WEN stock in a transaction on Thursday, November 7th. The shares were bought at an average cost of $10.48 per share, for a total transaction of $2,096,000.00. Following the acquisition, the insider now owns 11,941,452 shares in the company, valued at approximately $125,146,416.96. The trade was a 1.70 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.03% of the stock is currently owned by insiders.

JELD-WEN Stock Down 1.6 %

Shares of JELD stock opened at $10.19 on Monday. The company has a market capitalization of $862.28 million, a price-to-earnings ratio of -5.57 and a beta of 2.25. JELD-WEN Holding, Inc. has a one year low of $8.90 and a one year high of $21.75. The company’s fifty day moving average price is $14.26 and its 200-day moving average price is $14.53. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.08). The firm had revenue of $934.70 million for the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. Sell-side analysts expect that JELD-WEN Holding, Inc. will post 0.86 EPS for the current fiscal year.

Analyst Ratings Changes

JELD has been the topic of several research reports. Barclays dropped their target price on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. B. Riley dropped their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. UBS Group dropped their target price on shares of JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Jefferies Financial Group lifted their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada dropped their price target on shares of JELD-WEN from $13.00 to $9.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, JELD-WEN currently has a consensus rating of “Hold” and an average target price of $14.56.

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.