Banbury Partners LLC Boosts Holdings in JELD-WEN Holding, Inc. (JELD)

Banbury Partners LLC boosted its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 40.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 840,724 shares of the company’s stock after purchasing an additional 240,724 shares during the quarter. JELD-WEN makes up 7.3% of Banbury Partners LLC’s portfolio, making the stock its 6th biggest holding. Banbury Partners LLC owned 0.80% of JELD-WEN worth $29,863,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Quantbot Technologies LP acquired a new position in JELD-WEN in the third quarter valued at $110,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in JELD-WEN during the second quarter worth about $105,000. Legal & General Group Plc acquired a new stake in JELD-WEN during the first quarter worth about $130,000. Oppenheimer Asset Management Inc. acquired a new stake in JELD-WEN during the second quarter worth about $135,000. Finally, Breton Hill Capital Ltd. acquired a new stake in JELD-WEN during the third quarter worth about $208,000. Institutional investors own 41.03% of the company’s stock.

In related news, Chairman Kirk S. Hachigian sold 156,029 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $32.74, for a total value of $5,108,389.46. Following the sale, the chairman now directly owns 413,930 shares in the company, valued at approximately $13,552,068.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Corp Onex sold 12,465,047 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $32.74, for a total value of $408,105,638.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,672,683 shares of company stock worth $1,560,803,641.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded JELD-WEN from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Monday, October 23rd. Robert W. Baird reiterated an “outperform” rating and issued a $40.00 target price (up previously from $38.00) on shares of JELD-WEN in a research note on Monday, October 2nd. ValuEngine lowered JELD-WEN from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Barclays increased their target price on JELD-WEN from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, November 8th. Finally, B. Riley increased their price target on JELD-WEN from $33.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, November 15th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $37.27.

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) traded down $0.92 during trading on Thursday, hitting $37.22. The stock had a trading volume of 485,300 shares, compared to its average volume of 714,386. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.28 and a current ratio of 1.93. JELD-WEN Holding, Inc. has a fifty-two week low of $24.95 and a fifty-two week high of $40.25.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The business had revenue of $991.40 million for the quarter, compared to analysts’ expectations of $974.98 million. JELD-WEN had a return on equity of 58.83% and a net margin of 9.12%. The firm’s revenue was up 6.3% compared to the same quarter last year. research analysts expect that JELD-WEN Holding, Inc. will post 1.59 EPS for the current year.

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JELD-WEN 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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Institutional Ownership by Quarter for JELD-WEN (NYSE:JELD)

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