Jacobs Levy Equity Management Inc. Grows Stock Position in JELD-WEN Holding, Inc. $JELD

Key Points

• Jacobs Levy Equity Management Inc. increased its holdings in JELD-WEN Holding, Inc. by 31.4%, owning approximately $1.73 million worth of the stock after acquiring an additional 69,027 shares in the 1st quarter.
• Institutional investors and hedge funds collectively own 95.04% of JELD-WEN, with several organizations, including Leavell Investment Management and Price T Rowe Associates, significantly boosting their stakes in the company in recent quarters.
• Recent analyst reports have seen upgrades for JELD-WEN, with Wall Street Zen raising the stock rating from "strong sell" to "hold," while Jefferies and UBS adjusted their price targets upwards.

Jacobs Levy Equity Management Inc. increased its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 31.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 288,879 shares of the company's stock after acquiring an additional 69,027 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.34% of JELD-WEN worth $1,725,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of JELD. Federated Hermes Inc. grew its position in shares of JELD-WEN by 868.6% during the 1st quarter. Federated Hermes Inc. now owns 1,394,425 shares of the company's stock valued at $8,325,000 after acquiring an additional 1,250,456 shares during the period. Parkwood LLC acquired a new stake in shares of JELD-WEN during the 4th quarter valued at about $8,815,000. Turtle Creek Asset Management Inc. grew its position in shares of JELD-WEN by 7.2% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company's stock valued at $121,564,000 after acquiring an additional 1,000,000 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in shares of JELD-WEN by 131.2% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,190,150 shares of the company's stock valued at $7,105,000 after acquiring an additional 675,320 shares during the period. Finally, Alberta Investment Management Corp lifted its stake in JELD-WEN by 43.1% in the 1st quarter. Alberta Investment Management Corp now owns 1,659,000 shares of the company's stock valued at $9,904,000 after buying an additional 500,000 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on JELD. Wall Street Zen raised shares of JELD-WEN from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group raised their price target on shares of JELD-WEN from $5.00 to $5.75 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Barclays raised their price target on shares of JELD-WEN from $4.50 to $5.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Finally, Jefferies Financial Group raised their price target on shares of JELD-WEN from $3.75 to $5.25 and gave the company a "hold" rating in a research note on Wednesday, August 20th. Seven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and an average target price of $6.03.

JELD-WEN Price Performance

JELD traded down $0.12 during trading on Tuesday, reaching $6.26. The company's stock had a trading volume of 853,874 shares, compared to its average volume of 1,815,937. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 2.42. The firm has a fifty day simple moving average of $5.47 and a two-hundred day simple moving average of $5.04. JELD-WEN Holding, Inc. has a 1 year low of $3.27 and a 1 year high of $16.43. The company has a market cap of $534.60 million, a price-to-earnings ratio of -1.54 and a beta of 1.68.

About JELD-WEN

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.