Dimensional Fund Advisors LP Acquires 146,581 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Dimensional Fund Advisors LP raised its stake in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,701,950 shares of the company's stock after buying an additional 146,581 shares during the period. Dimensional Fund Advisors LP owned approximately 4.37% of JELD-WEN worth $30,319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of JELD. Performa Ltd US LLC raised its position in JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company's stock worth $34,000 after acquiring an additional 3,950 shares during the last quarter. US Bancorp DE raised its position in shares of JELD-WEN by 257.6% during the 4th quarter. US Bancorp DE now owns 9,752 shares of the company's stock worth $80,000 after purchasing an additional 7,025 shares during the last quarter. AXQ Capital LP purchased a new stake in JELD-WEN in the 4th quarter valued at approximately $105,000. Royce & Associates LP purchased a new position in JELD-WEN during the fourth quarter worth $118,000. Finally, Leavell Investment Management Inc. acquired a new position in shares of JELD-WEN in the fourth quarter worth $123,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JELD. UBS Group cut their price objective 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. Loop Capital cut their price target on JELD-WEN from $8.00 to $4.00 and set a "hold" rating for the company in a report on Thursday. Truist Financial decreased their price objective on JELD-WEN from $11.00 to $7.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. Barclays dropped their target price on JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating for the company in a research note on Thursday. Finally, StockNews.com raised JELD-WEN from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $7.34.

Insider Activity at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management acquired 72,000 shares of JELD-WEN stock in a transaction on Thursday, February 27th. The stock was bought at an average price of $6.08 per share, for a total transaction of $437,760.00. Following the transaction, the insider now owns 701,934 shares of the company's stock, valued at $4,267,758.72. The trade was a 11.43% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven E. Wynne purchased 10,000 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were acquired at an average price of $6.01 per share, for a total transaction of $60,100.00. Following the purchase, the director now directly owns 28,000 shares of the company's stock, valued at approximately $168,280. This represents a 55.56% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 864,404 shares of company stock worth $4,662,392. 1.24% of the stock is owned by insiders.

JELD-WEN Trading Up 6.8%

Shares of JELD-WEN stock traded up $0.27 on Friday, reaching $4.22. 2,690,698 shares of the company were exchanged, compared to its average volume of 1,011,051. 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 fifty-two week low of $3.95 and a fifty-two week high of $17.70. The firm has a market capitalization of $360.24 million, a price-to-earnings ratio of -1.89 and a beta of 1.86. The stock has a fifty day moving average price of $5.55 and a 200-day moving average price of $8.06.

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

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.