265,532 Shares in JELD-WEN Holding, Inc. $JELD Bought by Nuveen LLC

Key Points

• Nuveen LLC acquired a new stake in JELD-WEN, purchasing 265,532 shares valued at approximately $1,585,000, representing about 0.31% of the company.
• Several other large investors have significantly increased their positions in JELD-WEN, with Federated Hermes Inc. raising its stake by 868.6%, now owning 1,394,425 shares worth $8,325,000.
• Current analyst ratings show a consensus of "Reduce" for JELD-WEN, with the average price target set at $6.03.

Nuveen LLC purchased a new stake in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 265,532 shares of the company's stock, valued at approximately $1,585,000. Nuveen LLC owned 0.31% of JELD-WEN as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Leavell Investment Management Inc. increased its position in shares of JELD-WEN by 14.0% during the first quarter. Leavell Investment Management Inc. now owns 17,107 shares of the company's stock worth $102,000 after acquiring an additional 2,107 shares in the last quarter. MetLife Investment Management LLC increased its holdings in JELD-WEN by 6.3% during the 4th quarter. MetLife Investment Management LLC now owns 51,911 shares of the company's stock worth $425,000 after purchasing an additional 3,066 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of JELD-WEN by 10.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 50,261 shares of the company's stock valued at $412,000 after purchasing an additional 4,944 shares during the period. Performa Ltd US LLC lifted its holdings in shares of JELD-WEN by 119.0% in the first quarter. Performa Ltd US LLC now owns 9,200 shares of the company's stock valued at $55,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its position in shares of JELD-WEN by 28.4% during the fourth quarter. Rafferty Asset Management LLC now owns 24,574 shares of the company's stock worth $201,000 after buying an additional 5,434 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on JELD. Jefferies Financial Group boosted their target price on JELD-WEN from $3.75 to $5.25 and gave the company a "hold" rating in a research note on Wednesday, August 20th. Royal Bank Of Canada cut their price objective 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. Wall Street Zen upgraded shares of JELD-WEN from a "strong sell" rating to a "hold" rating in a report on Saturday, August 9th. Loop Capital decreased their target price on shares of JELD-WEN from $8.00 to $4.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Finally, UBS Group boosted their price target on shares of JELD-WEN from $5.00 to $5.75 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, JELD-WEN has an average rating of "Reduce" and an average target price of $6.03.

JELD-WEN Stock Performance

Shares of JELD-WEN stock traded down $0.21 on Wednesday, hitting $6.16. The stock had a trading volume of 673,140 shares, compared to its average volume of 1,614,632. The stock has a market cap of $525.64 million, a price-to-earnings ratio of -1.51 and a beta of 1.68. The business's 50 day moving average is $5.03 and its two-hundred day moving average is $5.03. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 2.42. JELD-WEN Holding, Inc. has a twelve month low of $3.27 and a twelve month high of $16.43.

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.