Cannell Peter B & Co. Inc. Raises Position in JELD-WEN Holding, Inc. (JELD)
Cannell Peter B & Co. Inc. boosted its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 84.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,440,710 shares of the company’s stock after buying an additional 660,160 shares during the period. JELD-WEN Holding accounts for about 1.6% of Cannell Peter B & Co. Inc.’s portfolio, making the stock its 18th largest position. Cannell Peter B & Co. Inc. owned 1.37% of JELD-WEN Holding worth $46,765,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of JELD-WEN Holding during the second quarter worth about $105,000. Legal & General Group Plc bought a new stake in shares of JELD-WEN Holding during the first quarter worth about $130,000. Oppenheimer Asset Management Inc. bought a new stake in shares of JELD-WEN Holding during the second quarter worth about $135,000. PNC Financial Services Group Inc. bought a new stake in shares of JELD-WEN Holding during the first quarter worth about $138,000. Finally, FNY Partners Fund LP bought a new stake in shares of JELD-WEN Holding during the first quarter worth about $197,000. Institutional investors own 42.15% of the company’s stock.
Shares of JELD-WEN Holding, Inc. (NYSE JELD) traded up 0.6884% during mid-day trading on Friday, hitting $30.7301. The company had a trading volume of 79,388 shares. JELD-WEN Holding, Inc. has a 12 month low of $24.95 and a 12 month high of $34.95. The firm has a 50-day moving average of $30.71 and a 200-day moving average of $31.63. The company has a market cap of $3.23 billion and a PE ratio of 188.5282.
JELD-WEN Holding (NYSE:JELD) last posted its earnings results on Tuesday, August 8th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by $0.01. JELD-WEN Holding had a net margin of 9.12% and a return on equity of 93.93%. The company had revenue of $948.70 million during the quarter, compared to analyst estimates of $974.57 million. The company’s quarterly revenue was up .2% compared to the same quarter last year. On average, analysts expect that JELD-WEN Holding, Inc. will post $1.62 EPS for the current year.
JELD has been the subject of a number of recent research reports. Citigroup Inc. reaffirmed a “neutral” rating and issued a $35.00 target price (up from $32.00) on shares of JELD-WEN Holding in a research note on Thursday, May 11th. Royal Bank Of Canada raised their target price on JELD-WEN Holding from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 10th. Credit Suisse Group initiated coverage on JELD-WEN Holding in a research note on Thursday, June 22nd. They issued an “outperform” rating and a $39.00 target price for the company. Gabelli initiated coverage on JELD-WEN Holding in a research note on Wednesday, July 26th. They issued a “buy” rating and a $42.00 target price for the company. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $37.00 target price on shares of JELD-WEN Holding in a research note on Friday, May 12th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $34.86.
In other JELD-WEN Holding news, major shareholder Corp Onex sold 2,100,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $29.67, for a total transaction of $62,307,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
About JELD-WEN Holding
JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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