Pzena Investment Management LLC Has $91.44 Million Position in JELD-WEN Holding, Inc. (NYSE:JELD)

Pzena Investment Management LLC raised its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 16.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,165,246 shares of the company’s stock after buying an additional 1,583,238 shares during the period. Pzena Investment Management LLC owned about 13.19% of JELD-WEN worth $91,443,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. US Bancorp DE boosted its stake in shares of JELD-WEN by 257.6% during the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after buying an additional 7,025 shares during the period. Leavell Investment Management Inc. acquired a new stake in shares of JELD-WEN in the 4th quarter valued at $123,000. Versor Investments LP acquired a new stake in shares of JELD-WEN in the 4th quarter valued at $142,000. MQS Management LLC acquired a new stake in shares of JELD-WEN in the 3rd quarter valued at $160,000. Finally, Diversified Trust Co lifted its stake in shares of JELD-WEN by 8.8% in the 4th quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock valued at $226,000 after purchasing an additional 2,242 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on JELD. UBS Group reduced their price objective on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. The Goldman Sachs Group reduced their price objective on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Loop Capital reduced their price objective on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. Truist Financial reduced their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded shares of JELD-WEN from a “hold” rating to a “sell” rating in a report on Friday. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.06.

Insider Transactions at JELD-WEN

In other JELD-WEN news, Director David G. Nord bought 20,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $5.96 per share, with a total value of $119,200.00. Following the completion of the purchase, the director now directly owns 40,000 shares in the company, valued at $238,400. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Turtle Creek Asset Management bought 110,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was acquired at an average cost of $7.65 per share, for a total transaction of $841,500.00. Following the purchase, the insider now owns 12,259,784 shares of the company’s stock, valued at $93,787,347.60. This trade represents a 0.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 525,137 shares of company stock worth $3,719,287. 1.03% of the stock is currently owned by company insiders.

JELD-WEN Stock Performance

Shares of JELD opened at $6.11 on Tuesday. The company’s fifty day moving average price is $7.96 and its 200 day moving average price is $11.13. JELD-WEN Holding, Inc. has a one year low of $5.44 and a one year high of $21.75. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The company has a market capitalization of $518.01 million, a PE ratio of -2.74 and a beta of 2.22.

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 the consensus estimate of $0.07 by ($0.20). JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The company had revenue of $895.70 million for the quarter, compared to the consensus estimate of $860.82 million. As a group, analysts expect that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

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.