BNP Paribas Financial Markets Increases Holdings in JELD-WEN Holding, Inc. (NYSE:JELD)

BNP Paribas Financial Markets lifted its position in JELD-WEN Holding, Inc. (NYSE:JELD) by 10.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,249 shares of the company’s stock after buying an additional 3,383 shares during the period. BNP Paribas Financial Markets’ holdings in JELD-WEN were worth $573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Innealta Capital LLC purchased a new position in JELD-WEN in the second quarter worth about $30,000. Blue Trust Inc. lifted its stake in shares of JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after purchasing an additional 1,284 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of JELD-WEN by 102.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company’s stock worth $59,000 after buying an additional 2,216 shares during the last quarter. nVerses Capital LLC bought a new stake in JELD-WEN during the second quarter valued at approximately $92,000. Finally, MQS Management LLC purchased a new stake in JELD-WEN during the third quarter valued at approximately $160,000. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Trading Down 1.9 %

JELD stock opened at $10.31 on Friday. The company has a market capitalization of $872.01 million, a price-to-earnings ratio of -5.63 and a beta of 2.12. 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 Holding, Inc. has a 1-year low of $8.90 and a 1-year high of $21.75. The business has a 50 day simple moving average of $12.43 and a two-hundred day simple moving average of $13.82.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.08). The company had revenue of $934.70 million for the quarter, compared to analysts’ expectations of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The business’s revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 earnings per share. Research analysts anticipate that JELD-WEN Holding, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on JELD shares. 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. Jefferies Financial Group boosted their price target on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. The Goldman Sachs Group decreased their price objective on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. UBS Group lowered their price objective on JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Barclays reduced their target price on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.56.

Insider Transactions at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 450,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average price of $10.06 per share, with a total value of $4,527,000.00. Following the completion of the purchase, the insider now directly owns 11,751,912 shares in the company, valued at $118,224,234.72. This trade represents a 3.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.03% of the company’s stock.

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.