Bailard Inc. Purchases Shares of 38,500 JELD-WEN Holding, Inc. (NYSE:JELD)

Bailard Inc. acquired a new position in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 38,500 shares of the company's stock, valued at approximately $727,000.

Several other large investors have also recently added to or reduced their stakes in JELD. SG Americas Securities LLC increased its position in JELD-WEN by 119.3% in the third quarter. SG Americas Securities LLC now owns 47,871 shares of the company's stock worth $640,000 after buying an additional 26,046 shares during the period. Bank of New York Mellon Corp grew its holdings in JELD-WEN by 4.9% during the third quarter. Bank of New York Mellon Corp now owns 474,426 shares of the company's stock worth $6,338,000 after acquiring an additional 22,210 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in JELD-WEN by 22.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,145 shares of the company's stock worth $176,000 after acquiring an additional 2,415 shares during the period. Mackenzie Financial Corp acquired a new position in JELD-WEN during the third quarter worth about $202,000. Finally, Planning Center Inc. acquired a new position in JELD-WEN during the third quarter worth about $673,000. 95.04% of the stock is owned by institutional investors and hedge funds.

JELD-WEN Stock Up 2.1 %

Shares of JELD-WEN stock traded up $0.43 during trading on Friday, hitting $21.40. 2,545,975 shares of the stock traded hands, compared to its average volume of 619,271. The stock has a market cap of $1.84 billion, a P/E ratio of 29.32 and a beta of 2.35. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.49 and a current ratio of 2.20. JELD-WEN Holding, Inc. has a twelve month low of $11.02 and a twelve month high of $21.75. The company has a fifty day moving average price of $19.28 and a two-hundred day moving average price of $17.41.

JELD-WEN (NYSE:JELD - Get Free Report) last announced its quarterly earnings results on Monday, February 19th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.12. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. JELD-WEN had a return on equity of 17.99% and a net margin of 1.40%. During the same period in the previous year, the company earned $0.47 EPS. Equities research analysts predict that JELD-WEN Holding, Inc. will post 1.6 EPS for the current fiscal year.

Insider Activity

In other news, Director Roderick Wendt sold 10,000 shares of JELD-WEN stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $28.35, for a total transaction of $283,500.00. Following the completion of the sale, the director now directly owns 304,558 shares in the company, valued at approximately $8,634,219.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder Turtle Creek Asset Management sold 54,000 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.84, for a total value of $1,071,360.00. Following the transaction, the insider now directly owns 760,463 shares of the company's stock, valued at approximately $15,087,585.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roderick Wendt sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $28.35, for a total value of $283,500.00. Following the completion of the transaction, the director now directly owns 304,558 shares in the company, valued at $8,634,219.30. The disclosure for this sale can be found here. Insiders sold a total of 127,000 shares of company stock worth $2,698,610 in the last three months. 1.03% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on JELD shares. Royal Bank of Canada lifted their target price on JELD-WEN from $15.00 to $16.00 and gave the stock an "underperform" rating in a report on Wednesday, February 21st. Oppenheimer initiated coverage on JELD-WEN in a research report on Friday, January 19th. They issued a "market perform" rating for the company. B. Riley increased their price target on JELD-WEN from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Wednesday, February 21st. Loop Capital initiated coverage on JELD-WEN in a research report on Thursday, February 15th. They issued a "hold" rating and a $22.00 price target for the company. Finally, Truist Financial increased their price target on JELD-WEN from $15.00 to $19.00 and gave the company a "hold" rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $18.30.

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.