TIAA CREF Investment Management LLC Purchases Shares of 49,934 JELD-WEN Holding, Inc. (JELD)
TIAA CREF Investment Management LLC purchased a new stake in JELD-WEN Holding, Inc. (NYSE:JELD) during the first quarter, Holdings Channel reports. The firm purchased 49,934 shares of the company’s stock, valued at approximately $1,640,000.
Several other large investors also recently modified their holdings of the company. Strs Ohio acquired a new position in JELD-WEN Holding during the first quarter valued at approximately $243,000. Levin Capital Strategies L.P. acquired a new position in JELD-WEN Holding during the first quarter valued at approximately $346,000. Ameriprise Financial Inc. acquired a new position in JELD-WEN Holding during the first quarter valued at approximately $348,000. Nationwide Fund Advisors acquired a new position in JELD-WEN Holding during the first quarter valued at approximately $906,000. Finally, State of Wisconsin Investment Board acquired a new position in JELD-WEN Holding during the first quarter valued at approximately $985,000. Institutional investors own 27.59% of the company’s stock.
JELD-WEN Holding, Inc. (NYSE:JELD) traded down 0.34% during mid-day trading on Friday, hitting $29.01. 159,685 shares of the stock were exchanged. JELD-WEN Holding, Inc. has a 52 week low of $24.95 and a 52 week high of $34.95. The company has a 50-day moving average of $31.95 and a 200-day moving average of $31.59. The stock has a market capitalization of $3.05 billion and a PE ratio of 177.98.
JELD-WEN Holding (NYSE:JELD) last issued its earnings results on Tuesday, August 8th. The company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.01. JELD-WEN Holding had a return on equity of 93.93% and a net margin of 9.12%. The company had revenue of $948.70 million for the quarter, compared to the consensus estimate of $974.57 million. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts predict that JELD-WEN Holding, Inc. will post $1.64 EPS for the current fiscal year.
Several research analysts recently commented on JELD shares. Credit Suisse Group started coverage on shares of JELD-WEN Holding in a report on Thursday, June 22nd. They issued an “outperform” rating and a $39.00 price objective for the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $37.00 price objective on shares of JELD-WEN Holding in a report on Monday, June 19th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $35.00 price objective (up from $32.00) on shares of JELD-WEN Holding in a report on Thursday, May 11th. Zacks Investment Research raised shares of JELD-WEN Holding from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a report on Tuesday, July 25th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $37.00 price objective on shares of JELD-WEN Holding in a report on Friday, May 12th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $34.86.
In other JELD-WEN Holding news, major shareholder Corp Onex sold 2,100,000 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $29.67, for a total transaction of $62,307,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
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.
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