D. E. Shaw & Co. Inc. Grows Stock Holdings in JELD-WEN Holding, Inc. (NYSE:JELD)

D. E. Shaw & Co. Inc. grew its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 81.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 950,217 shares of the company's stock after acquiring an additional 426,085 shares during the period. D. E. Shaw & Co. Inc. owned 1.12% of JELD-WEN worth $7,782,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. MetLife Investment Management LLC increased its stake in JELD-WEN by 6.3% in the fourth quarter. MetLife Investment Management LLC now owns 51,911 shares of the company's stock valued at $425,000 after acquiring an additional 3,066 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in JELD-WEN by 11.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,225,439 shares of the company's stock worth $18,226,000 after acquiring an additional 220,815 shares during the period. Hennessy Advisors Inc. grew its holdings in JELD-WEN by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 477,200 shares of the company's stock worth $3,908,000 after acquiring an additional 30,400 shares during the period. JPMorgan Chase & Co. grew its holdings in JELD-WEN by 64.0% during the 4th quarter. JPMorgan Chase & Co. now owns 213,281 shares of the company's stock worth $1,747,000 after acquiring an additional 83,203 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in JELD-WEN by 45.8% during the 4th quarter. Wells Fargo & Company MN now owns 51,214 shares of the company's stock worth $419,000 after acquiring an additional 16,091 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management purchased 72,000 shares of the business's stock in a transaction on Thursday, February 27th. The shares were acquired at an average cost of $6.08 per share, with a total value of $437,760.00. Following the completion of the acquisition, the insider now owns 701,934 shares of the company's stock, valued at $4,267,758.72. This trade represents a 11.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David G. Nord acquired 20,000 shares of the company's stock in a transaction dated Monday, February 24th. The shares were bought at an average cost of $5.96 per share, for a total transaction of $119,200.00. Following the completion of the acquisition, the director now directly owns 40,000 shares of the company's stock, valued at approximately $238,400. The trade was a 100.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 864,404 shares of company stock valued at $4,662,392. 1.24% of the stock is owned by corporate insiders.

JELD-WEN Trading Down 5.2%

Shares of NYSE:JELD traded down $0.21 on Monday, reaching $3.82. 1,278,462 shares of the company traded hands, compared to its average volume of 1,027,739. The business's 50-day simple moving average is $5.37 and its 200 day simple moving average is $7.71. JELD-WEN Holding, Inc. has a 52 week low of $3.73 and a 52 week high of $17.70. The stock has a market capitalization of $326.10 million, a P/E ratio of -1.71 and a beta of 1.86. 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 (NYSE:JELD - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.02. The business had revenue of $776.00 million during the quarter, compared to analyst estimates of $769.25 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. JELD-WEN's quarterly revenue was down 19.1% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. As a group, equities analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on JELD shares. StockNews.com cut shares of JELD-WEN from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Royal Bank of Canada dropped their price target on shares of JELD-WEN from $5.00 to $2.00 and set an "underperform" rating on the stock in a research report on Wednesday, May 7th. Barclays dropped their target price on shares of JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Truist Financial decreased their price target on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" rating for the company in a research note on Wednesday, February 19th. Finally, Loop Capital decreased their price target on shares of JELD-WEN from $8.00 to $4.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, JELD-WEN has a consensus rating of "Hold" and an average price target of $7.34.

JELD-WEN Profile

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.