JELD-WEN Holding, Inc. (NYSE:JELD) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 2.8% during the third quarter, Holdings Channel reports. The fund owned 271,297 shares of the company’s stock after selling 7,794 shares during the quarter. Franklin Resources Inc.’s holdings in JELD-WEN were worth $4,186,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC raised its holdings in JELD-WEN by 2.8% in the 3rd quarter. Pzena Investment Management LLC now owns 9,582,008 shares of the company’s stock valued at $151,492,000 after acquiring an additional 261,157 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of JELD-WEN by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock valued at $43,461,000 after purchasing an additional 191,657 shares during the period. Victory Capital Management Inc. increased its stake in JELD-WEN by 1,167.9% in the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after purchasing an additional 2,010,275 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in JELD-WEN by 57.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock worth $33,200,000 after buying an additional 764,645 shares during the period. Finally, State Street Corp boosted its stake in JELD-WEN by 1.1% in the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company’s stock worth $31,594,000 after buying an additional 21,264 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JELD. UBS Group cut their price objective 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. The Goldman Sachs Group decreased their price target on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. B. Riley dropped their price objective on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Jefferies Financial Group lifted 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. Finally, Royal Bank of Canada dropped their price target on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, JELD-WEN currently has an average rating of “Hold” and an average price target of $13.63.

Insider Buying and Selling at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management bought 450,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was bought at an average price of $10.06 per share, with a total value of $4,527,000.00. Following the transaction, the insider now owns 11,751,912 shares of the company’s stock, valued at approximately $118,224,234.72. This trade represents a 3.98 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.03% of the stock is currently owned by corporate insiders.

JELD-WEN Stock Performance

Shares of NYSE:JELD opened at $8.36 on Wednesday. The company has a market cap of $707.42 million, a P/E ratio of -4.57 and a beta of 2.12. JELD-WEN Holding, Inc. has a one year low of $8.15 and a one year high of $21.75. The business’s 50-day simple moving average is $11.65 and its 200 day simple moving average is $13.55. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03.

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

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.