JELD-WEN Holding, Inc. (NYSE:JELD) Holdings Decreased by Connable Office Inc.

Connable Office Inc. decreased its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 22.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,610 shares of the company’s stock after selling 3,000 shares during the period. Connable Office Inc.’s holdings in JELD-WEN were worth $143,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Diversified Trust Co lifted its position in JELD-WEN by 4.2% in the first quarter. Diversified Trust Co now owns 24,301 shares of the company’s stock worth $516,000 after purchasing an additional 981 shares during the period. SummerHaven Investment Management LLC raised its stake in shares of JELD-WEN by 2.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 42,076 shares of the company’s stock worth $567,000 after buying an additional 1,025 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of JELD-WEN by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 15,305 shares of the company’s stock worth $325,000 after buying an additional 1,205 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings 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 acquiring an additional 1,922 shares during the period. Finally, Innealta Capital LLC acquired a new position in JELD-WEN during the second quarter worth about $30,000. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Stock Performance

Shares of JELD-WEN stock opened at $13.22 on Tuesday. JELD-WEN Holding, Inc. has a 12 month low of $11.02 and a 12 month high of $21.75. The stock has a market cap of $1.12 billion, a PE ratio of 57.48 and a beta of 2.24. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.53. The business has a fifty day simple moving average of $14.53 and a 200-day simple moving average of $16.30.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.23 by $0.11. The business had revenue of $986.00 million during the quarter, compared to analysts’ expectations of $1 billion. JELD-WEN had a negative net margin of 0.92% and a positive return on equity of 14.32%. The firm’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period last year, the company posted $0.44 earnings per share. On average, sell-side analysts anticipate that JELD-WEN Holding, Inc. will post 1.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JELD. Loop Capital reduced their price objective on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, July 19th. The Goldman Sachs Group dropped their price target on JELD-WEN from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $13.00 price target on shares of JELD-WEN in a report on Wednesday, August 7th. Finally, Barclays decreased their target price on JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.80.

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.