Pzena Investment Management LLC Has $162.54 Million Stock Position in Jeld-Wen Holding Inc (NYSE:JELD)

Pzena Investment Management LLC lowered its position in shares of Jeld-Wen Holding Inc (NYSE:JELD) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,656,275 shares of the company’s stock after selling 24,646 shares during the quarter. Pzena Investment Management LLC owned approximately 7.60% of Jeld-Wen worth $162,543,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in JELD. Envestnet Asset Management Inc. increased its position in Jeld-Wen by 8.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 14,441 shares of the company’s stock valued at $307,000 after acquiring an additional 1,078 shares in the last quarter. Aperio Group LLC acquired a new stake in Jeld-Wen in the 2nd quarter valued at about $117,000. First Trust Advisors LP increased its position in Jeld-Wen by 104.8% in the 2nd quarter. First Trust Advisors LP now owns 81,655 shares of the company’s stock valued at $1,734,000 after acquiring an additional 41,788 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in Jeld-Wen by 52.0% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 40,480 shares of the company’s stock valued at $859,000 after acquiring an additional 13,850 shares in the last quarter. Finally, Tuttle Tactical Management acquired a new stake in Jeld-Wen in the 2nd quarter valued at about $863,000. Institutional investors and hedge funds own 61.64% of the company’s stock.

Several equities research analysts have recently commented on the stock. 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. TheStreet upgraded shares of Jeld-Wen from a “d+” rating to a “c-” rating in a research report on Monday, July 22nd. Zacks Investment Research cut shares of Jeld-Wen from a “hold” rating to a “sell” rating in a research report on Tuesday, July 23rd. Finally, B. Riley set a $21.00 price target on shares of Jeld-Wen and gave the stock a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Jeld-Wen has an average rating of “Hold” and a consensus target price of $21.58.



Jeld-Wen stock traded up $0.46 during midday trading on Friday, hitting $17.43. 201,492 shares of the stock were exchanged, compared to its average volume of 385,566. The company has a fifty day simple moving average of $20.61 and a two-hundred day simple moving average of $19.82. Jeld-Wen Holding Inc has a 52 week low of $13.28 and a 52 week high of $26.93. The stock has a market capitalization of $1.80 billion, a PE ratio of 10.89, a P/E/G ratio of 1.07 and a beta of 2.51. The company has a quick ratio of 0.96, a current ratio of 1.66 and a debt-to-equity ratio of 2.11.

Jeld-Wen (NYSE:JELD) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.05). Jeld-Wen had a return on equity of 19.84% and a net margin of 2.47%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $0.45 EPS. The firm’s revenue was down 4.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Jeld-Wen Holding Inc will post 1.56 EPS for the current fiscal year.

Jeld-Wen 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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