JELD-WEN Holding, Inc. (NYSE:JELD) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in JELD-WEN Holding, Inc. (NYSE:JELD) by 9.9% during the second quarter, Holdings Channel.com reports. The firm owned 39,274 shares of the company’s stock after purchasing an additional 3,538 shares during the quarter. Principal Financial Group Inc.’s holdings in JELD-WEN were worth $529,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of JELD-WEN by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 8,862,466 shares of the company’s stock valued at $167,323,000 after purchasing an additional 71,917 shares in the last quarter. Pzena Investment Management LLC grew its position in JELD-WEN by 0.5% during the first quarter. Pzena Investment Management LLC now owns 7,381,799 shares of the company’s stock worth $156,716,000 after buying an additional 34,604 shares during the period. Dimensional Fund Advisors LP increased its holdings in JELD-WEN by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,720,799 shares of the company’s stock valued at $51,370,000 after buying an additional 157,383 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of 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 valued at $18,400,000 after acquiring an additional 220,177 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its stake 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 worth $17,985,000 after acquiring an additional 1,017,275 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on JELD. Loop Capital dropped their price objective on JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, July 19th. The Goldman Sachs Group decreased their price objective on shares of JELD-WEN from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Barclays dropped their target price on shares of JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, July 12th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $13.00 target price on shares of JELD-WEN in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.80.

JELD-WEN Stock Up 3.9 %

Shares of NYSE:JELD opened at $14.54 on Friday. JELD-WEN Holding, Inc. has a 12-month low of $11.02 and a 12-month high of $21.75. The stock’s 50-day moving average price is $14.57 and its two-hundred day moving average price is $16.23. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.53. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 63.22 and a beta of 2.24.

JELD-WEN (NYSE:JELD) last released its earnings results 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 during the quarter, compared to the consensus estimate of $1 billion. JELD-WEN had a negative net margin of 0.92% and a positive return on equity of 14.32%. JELD-WEN’s revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 earnings per share. On average, research analysts forecast that JELD-WEN Holding, Inc. will post 1.31 EPS for the current year.

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.