Caxton Associates LP Invests $507,000 in JELD-WEN Holding, Inc. (NYSE:JELD)

Caxton Associates LP bought a new position in JELD-WEN Holding, Inc. (NYSE:JELD) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,880 shares of the company’s stock, valued at approximately $507,000.

A number of other hedge funds have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its position in JELD-WEN by 790.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after purchasing an additional 1,922 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of JELD-WEN during the fourth quarter valued at approximately $47,000. Quest Partners LLC acquired a new position in shares of JELD-WEN during the fourth quarter valued at approximately $103,000. DekaBank Deutsche Girozentrale acquired a new position in shares of JELD-WEN during the fourth quarter valued at approximately $118,000. Finally, International Assets Investment Management LLC acquired a new position in shares of JELD-WEN during the fourth quarter valued at approximately $125,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

JELD has been the subject of a number of research analyst reports. Barclays reduced their target price on JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, July 12th. UBS Group reduced their target price on JELD-WEN from $22.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Royal Bank of Canada reduced their target price on JELD-WEN from $16.00 to $13.00 and set an “underperform” rating for the company in a report on Wednesday, May 8th. The Goldman Sachs Group reduced their target price on JELD-WEN from $19.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, Loop Capital cut their price target on JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $16.80.

JELD-WEN Price Performance

JELD stock opened at $16.63 on Wednesday. The business has a fifty day moving average of $14.49 and a two-hundred day moving average of $17.21. The company has a quick ratio of 1.39, a current ratio of 2.08 and a debt-to-equity ratio of 1.46. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 72.31 and a beta of 2.28. JELD-WEN Holding, Inc. has a 52-week low of $11.02 and a 52-week high of $21.75.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. The company had revenue of $959.10 million during the quarter, compared to analysts’ expectations of $972.62 million. JELD-WEN had a return on equity of 15.78% and a net margin of 0.47%. As a group, research analysts anticipate that JELD-WEN Holding, Inc. will post 1.19 earnings per share for the current year.

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.