Hennessy Advisors Inc. Increases Stock Holdings in JELD-WEN Holding, Inc. (NYSE:JELD)

Hennessy Advisors Inc. boosted its stake in JELD-WEN Holding, Inc. (NYSE:JELD) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 477,200 shares of the company’s stock after acquiring an additional 30,400 shares during the quarter. Hennessy Advisors Inc.’s holdings in JELD-WEN were worth $3,908,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its position in JELD-WEN by 10.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 149,434 shares of the company’s stock valued at $2,013,000 after buying an additional 14,574 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of JELD-WEN by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock worth $43,461,000 after acquiring an additional 191,657 shares in the last quarter. Edgestream Partners L.P. purchased a new position in JELD-WEN in the second quarter valued at about $817,000. First Eagle Investment Management LLC grew its stake in JELD-WEN by 1.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 341,184 shares of the company’s stock valued at $4,596,000 after purchasing an additional 4,500 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in JELD-WEN by 39.0% during the 2nd quarter. XTX Topco Ltd now owns 20,788 shares of the company’s stock worth $280,000 after purchasing an additional 5,836 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Stock Performance

Shares of JELD stock opened at $9.49 on Friday. The company has a market cap of $802.62 million, a P/E ratio of -5.18 and a beta of 2.16. The business has a 50 day moving average of $9.57 and a two-hundred day moving average of $12.86. JELD-WEN Holding, Inc. has a 52 week low of $7.43 and a 52 week high of $21.75. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The company had revenue of $934.70 million for the quarter, compared to analyst estimates of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 EPS. As a group, analysts anticipate that JELD-WEN Holding, Inc. will post 0.73 EPS for the current year.

Analysts Set New Price Targets

JELD has been the subject of several research analyst reports. Royal Bank of Canada reduced their target price on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, December 18th. 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. UBS Group reissued a “neutral” rating and issued a $9.00 target price (down previously from $15.00) on shares of JELD-WEN in a research report on Wednesday, January 8th. Jefferies Financial Group increased their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group lowered their price objective on JELD-WEN from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.75.

Insider Buying and Selling

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 450,000 shares of JELD-WEN stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of $10.06 per share, for a total transaction of $4,527,000.00. Following the completion of the transaction, the insider now owns 11,751,912 shares in the company, valued at approximately $118,224,234.72. This represents a 3.98 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have bought a total of 960,000 shares of company stock valued at $9,086,500 in the last quarter. Company insiders own 1.03% of the company’s stock.

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.