JELD-WEN Holding, Inc. (NYSE:JELD) Stock Position Decreased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its position in JELD-WEN Holding, Inc. (NYSE:JELD) by 40.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 89,703 shares of the company’s stock after selling 59,731 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.11% of JELD-WEN worth $1,418,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. grew its position in JELD-WEN by 319.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company’s stock worth $17,985,000 after acquiring an additional 1,017,275 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of JELD-WEN by 64.7% in the 2nd quarter. Victory Capital Management Inc. now owns 172,126 shares of the company’s stock valued at $2,319,000 after purchasing an additional 67,604 shares during the last quarter. Edgestream Partners L.P. bought a new stake in JELD-WEN in the second quarter worth $817,000. Engine Capital Management LP increased its position in JELD-WEN by 223.6% during the second quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock worth $15,656,000 after buying an additional 803,095 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new position in JELD-WEN during the second quarter valued at about $5,342,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Stock Up 1.0 %

NYSE JELD opened at $10.81 on Thursday. JELD-WEN Holding, Inc. has a twelve month low of $8.90 and a twelve month high of $21.75. The stock has a market cap of $914.74 million, a PE ratio of -5.92 and a beta of 2.25. The firm has a 50-day simple moving average of $13.76 and a 200 day simple moving average of $14.23. 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 announced its quarterly earnings data on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The firm had revenue of $934.70 million during the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. JELD-WEN’s revenue was down 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 EPS. On average, research analysts forecast that JELD-WEN Holding, Inc. will post 0.86 EPS for the current year.

Analyst Ratings Changes

JELD has been the topic of a number of analyst reports. Royal Bank of Canada lowered their price objective on JELD-WEN from $13.00 to $9.00 and set an “underperform” rating on the stock in a report on Wednesday, November 6th. Barclays lowered their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. UBS Group dropped their price target on shares of JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. B. Riley decreased their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Finally, Jefferies Financial Group lifted their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.56.

Insider Buying and Selling at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management acquired 200,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were bought at an average cost of $10.48 per share, for a total transaction of $2,096,000.00. Following the purchase, the insider now owns 11,941,452 shares in the company, valued at approximately $125,146,416.96. This trade represents a 1.70 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.03% of the company’s stock.

JELD-WEN 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.