LGT Capital Partners LTD. lessened its stake in JELD-WEN Holding, Inc. (NYSE:JELD) by 5.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 265,000 shares of the company’s stock after selling 15,000 shares during the quarter. LGT Capital Partners LTD. owned 0.26% of JELD-WEN worth $7,338,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of JELD. Marshall Wace LLP acquired a new position in JELD-WEN in the 1st quarter worth about $143,000. First Trust Advisors LP acquired a new position in JELD-WEN in the 1st quarter worth about $704,000. Cubist Systematic Strategies LLC raised its holdings in JELD-WEN by 18.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 61,058 shares of the company’s stock worth $1,380,000 after purchasing an additional 9,522 shares during the period. California State Teachers Retirement System raised its holdings in JELD-WEN by 0.6% in the 3rd quarter. California State Teachers Retirement System now owns 102,673 shares of the company’s stock worth $2,320,000 after purchasing an additional 657 shares during the period. Finally, Sei Investments Co. acquired a new position in JELD-WEN in the 3rd quarter worth about $805,000. 60.86% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have commented on the company. B. Riley boosted their price objective on JELD-WEN from $25.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 17th. Barclays cut their price objective on JELD-WEN from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, February 17th. Wolfe Research assumed coverage on JELD-WEN in a research note on Monday, March 22nd. They set an “outperform” rating and a $33.00 price objective for the company. Zacks Investment Research lowered JELD-WEN from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Northcoast Research assumed coverage on JELD-WEN in a research note on Tuesday, February 2nd. They set a “buy” rating and a $33.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. JELD-WEN presently has a consensus rating of “Hold” and a consensus target price of $25.83.
JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Tuesday, February 16th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.08. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. JELD-WEN had a return on equity of 16.72% and a net margin of 1.35%. On average, analysts forecast that JELD-WEN Holding, Inc. will post 1.5 EPS for the current year.
JELD-WEN Holding, Inc designs, 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, aluminum, and wood composite windows.
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