Jacobs Levy Equity Management Inc. Takes Position in JELD-WEN Holding, Inc. (NYSE:JELD)

Jacobs Levy Equity Management Inc. purchased a new stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 219,852 shares of the company's stock, valued at approximately $1,801,000. Jacobs Levy Equity Management Inc. owned 0.26% of JELD-WEN at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Deutsche Bank AG increased its stake in shares of JELD-WEN by 35.9% during the fourth quarter. Deutsche Bank AG now owns 103,236 shares of the company's stock valued at $846,000 after buying an additional 27,296 shares during the period. D. E. Shaw & Co. Inc. increased its stake in shares of JELD-WEN by 81.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 950,217 shares of the company's stock valued at $7,782,000 after buying an additional 426,085 shares during the period. DC Investments Management LLC increased its stake in shares of JELD-WEN by 108.3% during the fourth quarter. DC Investments Management LLC now owns 539,434 shares of the company's stock valued at $4,418,000 after buying an additional 280,488 shares during the period. Bridgeway Capital Management LLC increased its stake in shares of JELD-WEN by 2.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 810,632 shares of the company's stock valued at $6,639,000 after buying an additional 20,945 shares during the period. Finally, Brevan Howard Capital Management LP purchased a new position in shares of JELD-WEN during the fourth quarter valued at $83,000. Hedge funds and other institutional investors own 95.04% of the company's stock.

JELD-WEN Price Performance

Shares of NYSE JELD opened at $3.97 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The company has a market cap of $338.90 million, a PE ratio of -1.78 and a beta of 1.86. The business has a 50-day simple moving average of $5.41 and a two-hundred day simple moving average of $7.87. JELD-WEN Holding, Inc. has a fifty-two week low of $3.73 and a fifty-two week high of $17.70.

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

Insiders Place Their Bets

In other news, Director Steven E. Wynne bought 10,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of $6.01 per share, with a total value of $60,100.00. Following the completion of the acquisition, the director now directly owns 28,000 shares of the company's stock, valued at $168,280. This trade represents a 55.56% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David G. Nord bought 20,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average cost of $5.96 per share, with a total value of $119,200.00. Following the acquisition, the director now directly owns 40,000 shares of the company's stock, valued at approximately $238,400. This trade represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 864,404 shares of company stock valued at $4,662,392. 1.24% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. UBS Group cut their price target on JELD-WEN from $7.50 to $5.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Truist Financial dropped their price objective on JELD-WEN from $11.00 to $7.00 and set a "hold" rating on the stock in a research report on Wednesday, February 19th. Royal Bank of Canada dropped their price objective on JELD-WEN from $5.00 to $2.00 and set an "underperform" rating on the stock in a research report on Wednesday, May 7th. StockNews.com downgraded JELD-WEN from a "hold" rating to a "sell" rating in a research report on Wednesday. Finally, Barclays dropped their price objective on JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $7.34.

JELD-WEN 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.

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