JELD-WEN Holding, Inc. (NYSE:JELD) Shares Sold by Towle & Co.

Towle & Co. cut its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 37.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 384,506 shares of the company's stock after selling 229,035 shares during the period. Towle & Co. owned about 0.45% of JELD-WEN worth $3,149,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Turtle Creek Asset Management Inc. raised its position in JELD-WEN by 7.2% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company's stock worth $121,564,000 after acquiring an additional 1,000,000 shares during the period. Pzena Investment Management LLC raised its position in JELD-WEN by 16.5% during the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company's stock worth $91,443,000 after acquiring an additional 1,583,238 shares during the period. Vanguard Group Inc. raised its position in JELD-WEN by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company's stock worth $69,984,000 after acquiring an additional 101,944 shares during the period. American Century Companies Inc. raised its position in JELD-WEN by 12.3% during the fourth quarter. American Century Companies Inc. now owns 5,775,940 shares of the company's stock worth $47,305,000 after acquiring an additional 634,101 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of JELD-WEN by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,701,950 shares of the company's stock valued at $30,319,000 after buying an additional 146,581 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

JELD-WEN Trading Up 1.4%

Shares of JELD opened at $4.04 on Monday. 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 Holding, Inc. has a 12-month low of $3.73 and a 12-month high of $17.70. The firm has a 50-day moving average price of $5.37 and a 200 day moving average price of $7.71. The firm has a market capitalization of $344.45 million, a P/E ratio of -1.81 and a beta of 1.86.

JELD-WEN (NYSE:JELD - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.02. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The firm had revenue of $776.00 million during the quarter, compared to analyst estimates of $769.25 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. JELD-WEN's quarterly revenue was down 19.1% on a year-over-year basis. Sell-side analysts forecast that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on JELD. The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $6.00 to $5.25 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Royal Bank of Canada reduced their target price on shares of JELD-WEN from $5.00 to $2.00 and set an "underperform" rating for the company in a research report on Wednesday, May 7th. UBS Group reduced their target price on shares of JELD-WEN from $7.50 to $5.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. StockNews.com cut shares of JELD-WEN from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Finally, Truist Financial reduced their target price on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, JELD-WEN currently has an average rating of "Hold" and a consensus target price of $7.34.

Insider Activity at JELD-WEN

In related news, Director Steven E. Wynne bought 10,000 shares of the stock in a transaction on Thursday, February 27th. The stock was bought at an average price of $6.01 per share, with a total value 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. This represents a 55.56% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Turtle Creek Asset Management bought 72,000 shares of the stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of $6.08 per share, with a total value of $437,760.00. Following the purchase, 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 disclosure for this purchase can be found here. Over the last quarter, insiders bought 864,404 shares of company stock valued at $4,662,392. 1.24% of the stock is owned by company insiders.

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.

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