JELD-WEN Holding, Inc. $JELD Holdings Reduced by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its holdings in JELD-WEN by 22.2%, selling 1,901,229 shares and ending the quarter with 6,643,842 shares valued at $39.66 million.
• Several institutional investors, including CWM LLC and Performa Ltd US LLC, have increased their stakes in JELD-WEN, reflecting a growing interest despite Vanguard's sell-off.
• Analysts have mixed views on JELD-WEN's stock, with several downgrading their price targets, leading to an average rating of "Reduce" and a target price of $6.03.

Vanguard Group Inc. lessened its stake in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 22.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,643,842 shares of the company's stock after selling 1,901,229 shares during the period. Vanguard Group Inc. owned 7.78% of JELD-WEN worth $39,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Turtle Creek Asset Management Inc. boosted its stake in JELD-WEN by 7.2% in the fourth 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 in the last quarter. Ameriprise Financial Inc. boosted its stake in JELD-WEN by 157.5% in the fourth quarter. Ameriprise Financial Inc. now owns 129,605 shares of the company's stock valued at $1,061,000 after acquiring an additional 79,281 shares in the last quarter. Deutsche Bank AG boosted its stake in JELD-WEN by 35.9% in the fourth quarter. Deutsche Bank AG now owns 103,236 shares of the company's stock valued at $846,000 after acquiring an additional 27,296 shares in the last quarter. MetLife Investment Management LLC boosted its stake in JELD-WEN by 6.3% in the fourth quarter. MetLife Investment Management LLC now owns 51,911 shares of the company's stock valued at $425,000 after acquiring an additional 3,066 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in JELD-WEN by 46.6% in the fourth quarter. ProShare Advisors LLC now owns 23,790 shares of the company's stock valued at $195,000 after acquiring an additional 7,557 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

JELD-WEN Stock Performance

NYSE JELD traded up $0.34 during trading hours on Friday, hitting $6.39. 4,123,532 shares of the stock were exchanged, compared to its average volume of 1,927,028. The company has a market cap of $546.05 million, a price-to-earnings ratio of -1.57 and a beta of 1.65. JELD-WEN Holding, Inc. has a 12-month low of $3.27 and a 12-month high of $16.43. The stock has a 50-day moving average of $4.93 and a 200 day moving average of $5.06. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 2.42.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on JELD shares. Jefferies Financial Group increased their target price on shares of JELD-WEN from $3.75 to $5.25 and gave the stock a "hold" rating in a research note on Wednesday, August 20th. Barclays increased their target price on shares of JELD-WEN from $4.50 to $5.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. The Goldman Sachs Group decreased 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 note on Wednesday, May 7th. 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 note on Thursday, May 8th. Finally, UBS Group increased their target price on shares of JELD-WEN from $5.00 to $5.75 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, JELD-WEN has an average rating of "Reduce" and a consensus target price of $6.03.

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.