Towle & Co. Trims Position in JELD-WEN Holding, Inc. (NYSE:JELD)

Towle & Co. reduced its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 37.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 384,506 shares of the company's stock after selling 229,035 shares during the quarter. Towle & Co. owned approximately 0.45% of JELD-WEN worth $3,149,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JELD. Pzena Investment Management LLC increased its position in JELD-WEN by 16.5% during the 4th quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company's stock valued at $91,443,000 after purchasing an additional 1,583,238 shares during the period. Alberta Investment Management Corp purchased a new position in JELD-WEN during the 4th quarter valued at $9,492,000. Parkwood LLC purchased a new stake in shares of JELD-WEN in the 4th quarter worth about $8,815,000. Turtle Creek Asset Management Inc. grew its position in shares of JELD-WEN by 7.2% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company's stock worth $121,564,000 after buying an additional 1,000,000 shares during the period. Finally, American Century Companies Inc. grew its position in shares of JELD-WEN by 12.3% in the 4th quarter. American Century Companies Inc. now owns 5,775,940 shares of the company's stock worth $47,305,000 after buying an additional 634,101 shares during the period. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Stock Down 1.6%

JELD-WEN stock traded down $0.06 during mid-day trading on Friday, reaching $3.37. The stock had a trading volume of 1,724,796 shares, compared to its average volume of 1,044,870. The company has a market capitalization of $287.26 million, a price-to-earnings ratio of -1.51 and a beta of 1.86. The company has a 50-day moving average price of $5.12 and a two-hundred day moving average price of $7.46. JELD-WEN Holding, Inc. has a one year low of $3.27 and a one year high of $17.70. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.02. The business had revenue of $776.00 million for the quarter, compared to analysts' expectations of $769.25 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The business's revenue for the quarter was down 19.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. On average, analysts expect that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Insider Buying and Selling at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management bought 72,000 shares of the stock in a transaction on Thursday, February 27th. The shares were acquired at an average price of $6.08 per share, for a total transaction of $437,760.00. Following the purchase, the insider now owns 701,934 shares of the company's stock, valued at approximately $4,267,758.72. The trade was a 11.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David G. Nord bought 20,000 shares of the stock in a transaction on Monday, February 24th. The shares were bought at an average price of $5.96 per share, for a total transaction of $119,200.00. Following the purchase, the director now directly owns 40,000 shares in the company, valued at approximately $238,400. This trade represents a 100.00% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 864,404 shares of company stock worth $4,662,392. Company insiders own 1.24% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on JELD. Royal Bank of Canada reduced their target price 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. The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $6.00 to $5.25 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen downgraded shares of JELD-WEN from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. UBS Group reduced their target price on shares of JELD-WEN from $7.50 to $5.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, Barclays dropped their price target on shares of JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $7.34.

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.