JELD-WEN Holding, Inc. (NYSE:JELD) Position Cut by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,259 shares of the company’s stock after selling 9,210 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of JELD-WEN worth $2,929,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in JELD. Diversified Trust Co boosted its stake in shares of JELD-WEN by 6.6% during the 2nd quarter. Diversified Trust Co now owns 25,916 shares of the company’s stock worth $349,000 after acquiring an additional 1,615 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of JELD-WEN by 319.9% in 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 period. Hennessy Advisors Inc. acquired a new position in shares of JELD-WEN in the 2nd quarter valued at $5,342,000. SummerHaven Investment Management LLC raised its holdings in JELD-WEN by 2.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 42,076 shares of the company’s stock worth $567,000 after buying an additional 1,025 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in JELD-WEN by 19.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company’s stock worth $18,400,000 after buying an additional 220,177 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JELD. 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 research report on Thursday, November 7th. UBS Group lowered their price objective on shares of JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. The Goldman Sachs Group reduced their target price on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Barclays reduced their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Finally, Jefferies Financial Group increased their target price on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.56.

JELD-WEN Trading Down 1.9 %

JELD-WEN stock opened at $10.31 on Friday. JELD-WEN Holding, Inc. has a 52 week low of $8.90 and a 52 week high of $21.75. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The firm has a market capitalization of $872.01 million, a PE ratio of -5.63 and a beta of 2.12. The business’s 50-day simple moving average is $12.43 and its 200-day simple moving average is $13.82.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data 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). The company had revenue of $934.70 million during the quarter, compared to analyst estimates of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The company’s revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 EPS. Equities research analysts forecast that JELD-WEN Holding, Inc. will post 0.73 earnings per share for the current year.

Insiders Place Their Bets

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