Fox Run Management L.L.C. Makes New $179,000 Investment in JELD-WEN Holding, Inc. (NYSE:JELD)

Fox Run Management L.L.C. acquired a new stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 21,844 shares of the company’s stock, valued at approximately $179,000.

A number of other hedge funds also recently made changes to their positions in JELD. KLP Kapitalforvaltning AS purchased a new stake in JELD-WEN during the fourth quarter valued at about $123,000. AXQ Capital LP purchased a new position in shares of JELD-WEN during the 4th quarter valued at about $105,000. American Century Companies Inc. lifted its position in JELD-WEN by 12.3% in the 4th quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock worth $47,305,000 after buying an additional 634,101 shares during the last quarter. Quantbot Technologies LP purchased a new stake in JELD-WEN in the fourth quarter worth approximately $267,000. Finally, Intech Investment Management LLC grew its position in JELD-WEN by 96.6% during the fourth quarter. Intech Investment Management LLC now owns 36,397 shares of the company’s stock valued at $298,000 after acquiring an additional 17,882 shares during the last quarter. 95.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on JELD. Truist Financial lowered their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. Barclays cut their price target on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating for the company in a research report on Monday, February 24th. UBS Group decreased their price objective on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Loop Capital dropped their target price on JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group decreased their price target on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, JELD-WEN currently has a consensus rating of “Hold” and a consensus price target of $9.06.

JELD-WEN Stock Down 3.6 %

Shares of NYSE:JELD opened at $6.05 on Friday. The stock’s 50-day moving average is $7.29 and its 200 day moving average is $10.35. The company has a market cap of $516.04 million, a PE ratio of -2.71 and a beta of 2.22. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. JELD-WEN Holding, Inc. has a 1 year low of $5.44 and a 1 year high of $21.75.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $860.82 million. Sell-side analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

Insiders Place Their Bets

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 86,801 shares of JELD-WEN stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $5.62 per share, with a total value of $487,821.62. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David G. Nord bought 20,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were acquired at an average cost of $5.96 per share, with a total value of $119,200.00. Following the purchase, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $238,400. This represents a 100.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 595,137 shares of company stock worth $4,137,187. 1.03% of the stock is currently owned by corporate insiders.

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.