Wells Fargo & Company MN lessened its holdings in shares of Jeld-Wen Holding Inc (NYSE:JELD) by 57.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,477 shares of the company’s stock after selling 393,971 shares during the period. Wells Fargo & Company MN owned approximately 0.28% of Jeld-Wen worth $10,495,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Macquarie Group Ltd. lifted its stake in Jeld-Wen by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 22,940 shares of the company’s stock valued at $745,000 after acquiring an additional 174 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Jeld-Wen by 24.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 10,741 shares of the company’s stock valued at $382,000 after acquiring an additional 2,114 shares in the last quarter. Quantbot Technologies LP bought a new stake in Jeld-Wen in the 3rd quarter valued at approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Jeld-Wen in the 2nd quarter valued at approximately $105,000. Finally, CNA Financial Corp lifted its stake in Jeld-Wen by 9.5% in the 3rd quarter. CNA Financial Corp now owns 41,249 shares of the company’s stock valued at $1,465,000 after acquiring an additional 3,593 shares in the last quarter. Institutional investors and hedge funds own 41.02% of the company’s stock.
Several equities research analysts have commented on JELD shares. Royal Bank of Canada restated a “buy” rating and issued a $37.00 target price on shares of Jeld-Wen in a research note on Tuesday, August 29th. SunTrust Banks restated a “hold” rating on shares of Jeld-Wen in a research note on Tuesday, September 12th. Zacks Investment Research upgraded Jeld-Wen from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Monday, October 23rd. Bank of America upgraded Jeld-Wen from a “neutral” rating to a “buy” rating and boosted their target price for the company from $36.00 to $40.00 in a research note on Thursday, September 7th. Finally, Goldman Sachs Group raised Jeld-Wen from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $35.00 to $37.00 in a research report on Wednesday, September 6th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Jeld-Wen currently has a consensus rating of “Buy” and an average target price of $37.27.
Jeld-Wen (NYSE:JELD) last posted its 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 analyst estimates of $974.98 million. Jeld-Wen had a return on equity of 58.83% and a net margin of 9.12%. Jeld-Wen’s revenue was up 6.3% compared to the same quarter last year. analysts anticipate that Jeld-Wen Holding Inc will post 1.62 earnings per share for the current year.
In other news, Chairman Kirk S. Hachigian sold 156,029 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $32.74, for a total transaction of $5,108,389.46. Following the completion of 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 filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Corp Onex sold 12,465,047 shares of the company’s stock in a transaction 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. Insiders have sold a total of 47,672,683 shares of company stock worth $1,560,803,641 over the last three months.
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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