Charles Schwab Investment Management Inc. Has $31.69 Million Stake in JELD-WEN Holding, Inc. (NYSE:JELD)

Charles Schwab Investment Management Inc. lowered its position in JELD-WEN Holding, Inc. (NYSE:JELD) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,004,624 shares of the company’s stock after selling 17,923 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in JELD-WEN were worth $31,693,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JELD. Victory Capital Management Inc. lifted its stake in shares of JELD-WEN by 1,167.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after buying an additional 2,010,275 shares during the last quarter. Pzena Investment Management LLC grew its holdings in shares of JELD-WEN by 26.3% during the 2nd quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company’s stock valued at $125,552,000 after purchasing an additional 1,939,052 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of JELD-WEN by 319.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company’s stock valued at $17,985,000 after purchasing an additional 1,017,275 shares during the last quarter. Engine Capital Management LP grew its holdings in shares of JELD-WEN by 223.6% during the 2nd quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock valued at $15,656,000 after purchasing an additional 803,095 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in shares of JELD-WEN during the 2nd quarter valued at approximately $5,342,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Stock Performance

NYSE JELD opened at $10.89 on Wednesday. JELD-WEN Holding, Inc. has a 1 year low of $8.90 and a 1 year high of $21.75. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The firm has a market cap of $921.51 million, a price-to-earnings ratio of -5.95 and a beta of 2.12. The company has a fifty day moving average price of $13.27 and a 200-day moving average price of $14.07.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JELD. Royal Bank of Canada decreased their price target on shares of JELD-WEN from $13.00 to $9.00 and set an “underperform” rating on the stock in a report on Wednesday, November 6th. The Goldman Sachs Group cut their target price on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Barclays cut 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 research report on Wednesday, November 6th. B. Riley cut their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, Jefferies Financial Group lifted their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, JELD-WEN currently has a consensus rating of “Hold” and an average target price of $14.56.

Insider Transactions at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management purchased 200,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were bought at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the acquisition, the insider now owns 11,941,452 shares of the company’s stock, valued at $125,146,416.96. This represents a 1.70 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.03% of the company’s stock.

About JELD-WEN

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.