GAM Holding AG bought a new position in shares of Jeld-Wen Holding Inc (NYSE:JELD) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 19,574 shares of the company’s stock, valued at approximately $346,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Pzena Investment Management LLC increased its position in Jeld-Wen by 21.5% during the fourth quarter. Pzena Investment Management LLC now owns 8,345,441 shares of the company’s stock worth $118,589,000 after acquiring an additional 1,477,003 shares during the period. FMR LLC increased its position in Jeld-Wen by 21.1% during the fourth quarter. FMR LLC now owns 6,631,180 shares of the company’s stock worth $94,229,000 after acquiring an additional 1,157,073 shares during the period. BlackRock Inc. increased its position in Jeld-Wen by 1.3% during the fourth quarter. BlackRock Inc. now owns 5,004,191 shares of the company’s stock worth $71,110,000 after acquiring an additional 63,418 shares during the period. Empire Life Investments Inc. increased its position in Jeld-Wen by 0.5% during the first quarter. Empire Life Investments Inc. now owns 2,412,600 shares of the company’s stock worth $42,607,000 after acquiring an additional 11,218 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Jeld-Wen by 50.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,896,287 shares of the company’s stock worth $33,488,000 after acquiring an additional 635,660 shares during the period. Institutional investors own 61.66% of the company’s stock.

JELD stock opened at $20.79 on Friday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.93 and a current ratio of 1.64. Jeld-Wen Holding Inc has a 12 month low of $13.28 and a 12 month high of $30.25. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 1.05 and a beta of 2.54.

Jeld-Wen (NYSE:JELD) last released its earnings results on Tuesday, May 7th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.03). Jeld-Wen had a net margin of 2.74% and a return on equity of 20.28%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the business earned $0.30 earnings per share. Jeld-Wen’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities research analysts forecast that Jeld-Wen Holding Inc will post 1.75 earnings per share for the current fiscal year.

A number of research firms recently commented on JELD. Zacks Investment Research lowered shares of Jeld-Wen from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Royal Bank of Canada set a $23.00 price target on shares of Jeld-Wen and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Seaport Global Securities began coverage on shares of Jeld-Wen in a research report on Friday, March 15th. They set a “buy” rating and a $26.00 price target on the stock. Finally, Credit Suisse Group set a $20.00 price target on shares of Jeld-Wen and gave the stock a “hold” rating in a research report on Tuesday, February 26th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.71.

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Jeld-Wen Company Profile

JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.

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Institutional Ownership by Quarter for Jeld-Wen (NYSE:JELD)

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