Ameriprise Financial Inc. Increases Holdings in JELD-WEN Holding, Inc. (NYSE:JELD)

Ameriprise Financial Inc. boosted its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 157.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 129,605 shares of the company's stock after buying an additional 79,281 shares during the period. Ameriprise Financial Inc. owned approximately 0.15% of JELD-WEN worth $1,061,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Performa Ltd US LLC boosted its stake in JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company's stock valued at $34,000 after buying an additional 3,950 shares during the period. Quarry LP purchased a new stake in JELD-WEN during the fourth quarter valued at about $46,000. US Bancorp DE raised its position in JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company's stock valued at $80,000 after purchasing an additional 7,025 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in JELD-WEN during the fourth quarter valued at about $100,000. Finally, AXQ Capital LP purchased a new stake in JELD-WEN during the fourth quarter valued at about $105,000. Institutional investors own 95.04% of the company's stock.

Insider Activity at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 70,000 shares of JELD-WEN stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average price of $5.97 per share, for a total transaction of $417,900.00. Following the acquisition, the insider now directly owns 12,485,051 shares in the company, valued at approximately $74,535,754.47. This trade represents a 0.56% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired a total of 649,267 shares of company stock worth $3,406,605 in the last 90 days. Company insiders own 1.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on JELD shares. Wall Street Zen downgraded JELD-WEN from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Truist Financial lowered their price target on JELD-WEN from $11.00 to $7.00 and set a "hold" rating on the stock in a research report on Wednesday, February 19th. Loop Capital lowered their price target on JELD-WEN from $8.00 to $4.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Barclays lowered their price target on 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. Finally, UBS Group lowered their price target on JELD-WEN from $7.50 to $5.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $7.34.

JELD-WEN Trading Up 0.9%

Shares of JELD traded up $0.04 during trading hours on Thursday, hitting $3.87. The company had a trading volume of 882,379 shares, compared to its average volume of 1,073,384. The firm has a market cap of $329.94 million, a P/E ratio of -1.73 and a beta of 1.86. The stock's 50 day moving average price is $4.68 and its 200 day moving average price is $7.04. 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 52-week low of $3.27 and a 52-week high of $17.70.

JELD-WEN (NYSE:JELD - Get Free Report) last released 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 firm had revenue of $776.00 million for the quarter, compared to the consensus estimate of $769.25 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The company's quarterly revenue was down 19.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. On average, research analysts predict that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

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.