Peregrine Capital Management LLC Has $14.45 Million Holdings in Jeld-Wen Holding Inc (JELD)
Peregrine Capital Management LLC boosted its stake in Jeld-Wen Holding Inc (NYSE:JELD) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 585,897 shares of the company’s stock after purchasing an additional 15,470 shares during the period. Peregrine Capital Management LLC owned about 0.56% of Jeld-Wen worth $14,448,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the business. Amalgamated Bank increased its stake in Jeld-Wen by 19.1% in the 2nd quarter. Amalgamated Bank now owns 10,717 shares of the company’s stock worth $306,000 after purchasing an additional 1,721 shares during the period. Xact Kapitalforvaltning AB increased its stake in Jeld-Wen by 23.7% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 14,600 shares of the company’s stock worth $417,000 after purchasing an additional 2,800 shares during the period. Caption Management LLC purchased a new position in shares of Jeld-Wen during the second quarter valued at approximately $143,000. Rhumbline Advisers increased its stake in shares of Jeld-Wen by 8.2% during the second quarter. Rhumbline Advisers now owns 67,407 shares of the company’s stock valued at $1,927,000 after buying an additional 5,113 shares during the period. Finally, California Public Employees Retirement System increased its stake in shares of Jeld-Wen by 26.9% during the second quarter. California Public Employees Retirement System now owns 41,889 shares of the company’s stock valued at $1,198,000 after buying an additional 8,889 shares during the period. 64.43% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the company. Deutsche Bank reduced their target price on Jeld-Wen from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, June 25th. Barclays reduced their target price on Jeld-Wen from $32.00 to $23.00 and set a “buy” rating on the stock in a research note on Tuesday. ValuEngine cut Jeld-Wen from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Credit Suisse Group set a $23.00 target price on Jeld-Wen and gave the company a “hold” rating in a research note on Tuesday. Finally, Macquarie set a $27.00 target price on Jeld-Wen and gave the company a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Jeld-Wen has a consensus rating of “Hold” and a consensus price target of $27.27.
Shares of JELD stock opened at $16.94 on Friday. The firm has a market capitalization of $1.80 billion, a P/E ratio of 10.98, a PEG ratio of 0.55 and a beta of 1.64. Jeld-Wen Holding Inc has a twelve month low of $16.49 and a twelve month high of $42.27. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.21 and a current ratio of 2.03.
Jeld-Wen (NYSE:JELD) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.11). The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Jeld-Wen had a return on equity of 20.44% and a net margin of 0.82%. As a group, equities analysts anticipate that Jeld-Wen Holding Inc will post 1.7 earnings per share for the current fiscal year.
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.
Recommended Story: How to calculate the intrinsic value of a stock
Receive News & Ratings for Jeld-Wen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jeld-Wen and related companies with MarketBeat.com's FREE daily email newsletter.