Empowered Funds LLC Increases Stock Position in JELD-WEN Holding, Inc. (NYSE:JELD)

Empowered Funds LLC increased its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 5.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 408,487 shares of the company’s stock after buying an additional 20,770 shares during the period. Empowered Funds LLC’s holdings in JELD-WEN were worth $6,458,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MQS Management LLC purchased a new position in JELD-WEN in the third quarter valued at about $160,000. Victory Capital Management Inc. grew its position in shares of JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after buying an additional 2,010,275 shares in the last quarter. Blue Trust Inc. increased its stake in shares of JELD-WEN by 79.8% in the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after buying an additional 1,284 shares during the last quarter. SG Americas Securities LLC acquired a new stake in JELD-WEN in the third quarter valued at $331,000. Finally, The Manufacturers Life Insurance Company grew its holdings in JELD-WEN by 7.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,436 shares of the company’s stock worth $585,000 after acquiring an additional 3,066 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management bought 450,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was purchased at an average cost of $10.06 per share, for a total transaction of $4,527,000.00. Following the completion of the transaction, the insider now directly owns 11,751,912 shares of the company’s stock, valued at approximately $118,224,234.72. This trade represents a 3.98 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.03% of the stock is currently owned by insiders.

JELD-WEN Price Performance

Shares of NYSE:JELD opened at $10.19 on Friday. The firm’s 50 day moving average is $14.26 and its two-hundred day moving average is $14.56. The firm has a market capitalization of $862.28 million, a P/E ratio of -5.57 and a beta of 2.25. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. JELD-WEN Holding, Inc. has a 52 week low of $8.90 and a 52 week high of $21.75.

JELD-WEN (NYSE:JELD) last announced its earnings results on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.08). JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The business had revenue of $934.70 million for the quarter, compared to the consensus estimate of $990.64 million. During the same period in the previous year, the firm earned $0.53 EPS. The firm’s revenue was down 13.2% on a year-over-year basis. Analysts anticipate that JELD-WEN Holding, Inc. will post 0.86 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on JELD shares. Jefferies Financial Group upped their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. B. Riley reduced their target price on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. UBS Group lowered their price target on JELD-WEN from $19.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Barclays reduced their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group reduced their price target on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.56.

About JELD-WEN

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.