12,828 Shares in JELD-WEN Holding, Inc. (NYSE:JELD) Acquired by AXQ Capital LP

AXQ Capital LP acquired a new stake in JELD-WEN Holding, Inc. (NYSE:JELD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,828 shares of the company’s stock, valued at approximately $105,000.

A number of other institutional investors have also recently bought and sold shares of JELD. Geode Capital Management LLC boosted its position in shares of JELD-WEN by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock worth $30,771,000 after purchasing an additional 9,468 shares during the last quarter. Intech Investment Management LLC bought a new position in JELD-WEN during the third quarter worth about $293,000. State Street Corp grew its position in shares of JELD-WEN by 1.1% during the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company’s stock worth $31,594,000 after buying an additional 21,264 shares during the period. Hennessy Advisors Inc. increased its stake in shares of JELD-WEN by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 477,200 shares of the company’s stock valued at $3,908,000 after acquiring an additional 30,400 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of JELD-WEN by 11.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,225,439 shares of the company’s stock valued at $18,226,000 after acquiring an additional 220,815 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Insiders Place Their Bets

In related news, Director David G. Nord acquired 20,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $5.96 per share, for a total transaction of $119,200.00. Following the purchase, the director now directly owns 40,000 shares in the company, valued at approximately $238,400. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Turtle Creek Asset Management bought 86,801 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $5.62 per share, with a total value of $487,821.62. Following the completion of the purchase, the insider now directly owns 12,389,409 shares of the company’s stock, valued at $69,628,478.58. This represents a 0.71 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 525,137 shares of company stock valued at $3,719,287 in the last three months. 1.03% of the stock is currently owned by corporate insiders.

JELD-WEN Stock Up 5.0 %

NYSE:JELD opened at $6.25 on Tuesday. The stock has a 50-day simple moving average of $7.55 and a 200 day simple moving average of $10.51. JELD-WEN Holding, Inc. has a 52-week low of $5.44 and a 52-week high of $21.75. The company has a market cap of $533.11 million, a PE ratio of -2.80 and a beta of 2.22. 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 (NYSE:JELD) last posted its quarterly earnings data on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The business had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. On average, sell-side analysts expect that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on JELD shares. Barclays lowered their target price on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. UBS Group dropped their price objective on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Truist Financial decreased their target price on JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. StockNews.com lowered JELD-WEN from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. Finally, Loop Capital decreased their price objective on JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.06.

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.