Federated Hermes Inc. Sells 300,716 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Federated Hermes Inc. decreased its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 67.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,969 shares of the company's stock after selling 300,716 shares during the quarter. Federated Hermes Inc. owned about 0.17% of JELD-WEN worth $1,179,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Pzena Investment Management LLC grew its position in shares of JELD-WEN by 16.5% during the 4th quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company's stock worth $91,443,000 after buying an additional 1,583,238 shares during the period. Vanguard Group Inc. increased its stake in JELD-WEN by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company's stock valued at $69,984,000 after purchasing an additional 101,944 shares in the last quarter. American Century Companies Inc. raised its holdings in JELD-WEN by 12.3% in the fourth quarter. American Century Companies Inc. now owns 5,775,940 shares of the company's stock worth $47,305,000 after purchasing an additional 634,101 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of JELD-WEN by 11.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,225,439 shares of the company's stock worth $18,226,000 after purchasing an additional 220,815 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of JELD-WEN by 1.1% in the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company's stock valued at $31,594,000 after buying an additional 21,264 shares during the period. 95.04% of the stock is owned by institutional investors.

JELD-WEN Stock Up 1.3 %

Shares of JELD stock traded up $0.07 during trading on Friday, reaching $5.15. The company's stock had a trading volume of 3,568,671 shares, compared to its average volume of 901,294. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. JELD-WEN Holding, Inc. has a one year low of $4.91 and a one year high of $21.75. The business has a fifty day moving average price of $6.10 and a 200-day moving average price of $9.31. The company has a market cap of $439.21 million, a price-to-earnings ratio of -2.31 and a beta of 1.93.

JELD-WEN (NYSE:JELD - Get Free Report) last posted its quarterly earnings data on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.20). The business had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. Analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

Insider Buying and Selling at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management purchased 50,000 shares of the business's stock in a transaction on Monday, April 14th. The stock was purchased at an average price of $5.15 per share, for a total transaction of $257,500.00. Following the completion of the purchase, the insider now directly owns 12,928,563 shares in the company, valued at $66,582,099.45. The trade was a 0.39 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven E. Wynne acquired 10,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of $6.01 per share, for a total transaction of $60,100.00. Following the completion of the purchase, the director now directly owns 28,000 shares in the company, valued at $168,280. The trade was a 55.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 635,137 shares of company stock worth $3,619,687 over the last ninety days. 1.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on JELD. UBS Group dropped their price objective on JELD-WEN from $9.00 to $7.50 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. StockNews.com lowered JELD-WEN from a "hold" rating to a "sell" rating in a research report on Friday, March 7th. The Goldman Sachs Group decreased their price objective on JELD-WEN from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Truist Financial cut their price target on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" rating on the stock in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada lowered their price objective on shares of JELD-WEN from $7.00 to $5.00 and set an "underperform" rating for the company in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, JELD-WEN currently has an average rating of "Hold" and a consensus target price of $8.94.

JELD-WEN Company 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.