Northern Trust Corp Grows Holdings in JELD-WEN Holding, Inc. (JELD)
Northern Trust Corp raised its position in JELD-WEN Holding, Inc. (NYSE:JELD) by 524.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 332,121 shares of the company’s stock after acquiring an additional 278,894 shares during the period. Northern Trust Corp owned about 0.32% of JELD-WEN Holding worth $10,781,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley bought a new stake in JELD-WEN Holding in the 1st quarter valued at approximately $1,474,000. BlackRock Inc. raised its stake in shares of JELD-WEN Holding by 69.1% during the 2nd quarter. BlackRock Inc. now owns 2,994,158 shares of the company’s stock worth $97,191,000 after purchasing an additional 1,223,534 shares in the last quarter. Systematic Financial Management LP raised its stake in shares of JELD-WEN Holding by 2.2% during the 2nd quarter. Systematic Financial Management LP now owns 262,730 shares of the company’s stock worth $8,528,000 after purchasing an additional 5,575 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of JELD-WEN Holding during the 1st quarter worth approximately $986,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of JELD-WEN Holding by 65,231.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 333,843 shares of the company’s stock worth $10,837,000 after purchasing an additional 333,332 shares in the last quarter. Hedge funds and other institutional investors own 42.16% of the company’s stock.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research cut JELD-WEN Holding from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. ValuEngine cut JELD-WEN Holding from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Robert W. Baird reiterated an “outperform” rating and set a $40.00 price objective (up previously from $38.00) on shares of JELD-WEN Holding in a research note on Monday, October 2nd. Royal Bank Of Canada reiterated a “buy” rating and set a $37.00 price objective on shares of JELD-WEN Holding in a research note on Tuesday, August 29th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating on shares of JELD-WEN Holding in a research note on Tuesday, September 12th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $37.07.
Shares of JELD-WEN Holding, Inc. (NYSE JELD) opened at $36.05 on Monday. JELD-WEN Holding, Inc. has a 12 month low of $24.95 and a 12 month high of $37.32. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.00 and a quick ratio of 1.33.
JELD-WEN Holding (NYSE:JELD) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.51 earnings per share 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 business had revenue of $948.70 million during the quarter, compared to the consensus estimate of $974.57 million. The business’s revenue was up .2% on a year-over-year basis. sell-side analysts predict that JELD-WEN Holding, Inc. will post 1.55 EPS for the current year.
WARNING: This piece was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/northern-trust-corp-grows-holdings-in-jeld-wen-holding-inc-jeld/1682135.html.
JELD-WEN Holding Company Profile
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.
Want to see what other hedge funds are holding JELD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JELD-WEN Holding, Inc. (NYSE:JELD).
Receive News & Ratings for JELD-WEN Holding Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JELD-WEN Holding Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.