Jacobs Levy Equity Management Inc. Takes $1.80 Million Position in JELD-WEN Holding, Inc. (NYSE:JELD)

Jacobs Levy Equity Management Inc. bought a new stake in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 219,852 shares of the company's stock, valued at approximately $1,801,000. Jacobs Levy Equity Management Inc. owned about 0.26% of JELD-WEN as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of JELD. Deutsche Bank AG lifted its position in shares of JELD-WEN by 35.9% in the fourth quarter. Deutsche Bank AG now owns 103,236 shares of the company's stock worth $846,000 after purchasing an additional 27,296 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in JELD-WEN by 81.3% in the 4th 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 last quarter. DC Investments Management LLC lifted its position in JELD-WEN by 108.3% during the 4th quarter. DC Investments Management LLC now owns 539,434 shares of the company's stock worth $4,418,000 after buying an additional 280,488 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in JELD-WEN by 2.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 810,632 shares of the company's stock worth $6,639,000 after buying an additional 20,945 shares in the last quarter. Finally, Brevan Howard Capital Management LP acquired a new position in shares of JELD-WEN during the 4th quarter worth about $83,000. Institutional investors own 95.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. The Goldman Sachs Group lowered their target price on JELD-WEN from $6.00 to $5.25 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. StockNews.com lowered JELD-WEN from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. 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 note on Wednesday, February 19th. UBS Group decreased 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 note on Wednesday, May 7th. Finally, Loop Capital lowered their target price on shares of JELD-WEN from $8.00 to $4.00 and set a "hold" rating on the stock in a report 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. According to data from MarketBeat, JELD-WEN has an average rating of "Hold" and a consensus price target of $7.34.

JELD-WEN Stock Performance

Shares of JELD stock traded down $0.15 during midday trading on Wednesday, hitting $3.72. 729,999 shares of the company were exchanged, compared to its average volume of 1,028,068. The firm has a market capitalization of $317.13 million, a P/E ratio of -1.67 and a beta of 1.86. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. JELD-WEN Holding, Inc. has a 52 week low of $3.70 and a 52 week high of $17.70. The firm's 50 day moving average price is $5.29 and its two-hundred day moving average price is $7.61.

JELD-WEN (NYSE:JELD - Get Free Report) last released 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. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The business had revenue of $776.00 million during the quarter, compared to analysts' expectations of $769.25 million. During the same period last year, the firm posted $0.21 EPS. The firm's revenue for the quarter was down 19.1% compared to the same quarter last year. As a group, equities research analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

Insider Activity

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

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.