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

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

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Diversified Trust Co grew its holdings in shares of JELD-WEN by 8.8% during the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock valued at $226,000 after buying an additional 2,242 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in JELD-WEN by 10.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock valued at $573,000 after purchasing an additional 3,383 shares during the last quarter. Performa Ltd US LLC increased its holdings in JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after purchasing an additional 3,950 shares in the last quarter. Rhumbline Advisers increased its holdings in JELD-WEN by 3.5% during the 4th quarter. Rhumbline Advisers now owns 148,461 shares of the company’s stock worth $1,216,000 after purchasing an additional 4,962 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of JELD-WEN by 257.6% in the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after purchasing an additional 7,025 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JELD. Royal Bank of Canada decreased their price target on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a report on Wednesday, February 19th. UBS Group reduced their target price 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. Truist Financial dropped their price target on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research report 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 report on Wednesday, February 19th. Finally, Barclays dropped their target price on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, JELD-WEN has an average rating of “Hold” and a consensus target price of $9.06.

JELD-WEN Stock Down 3.6 %

JELD opened at $6.05 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The stock has a market cap of $516.04 million, a price-to-earnings ratio of -2.71 and a beta of 2.22. The company’s 50-day moving average price is $7.29 and its two-hundred day moving average price is $10.35. JELD-WEN Holding, Inc. has a twelve month low of $5.44 and a twelve month high of $21.75.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share 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 firm had revenue of $895.70 million for the quarter, compared to the consensus estimate of $860.82 million. As a group, equities analysts expect that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

Insider Activity at JELD-WEN

In other news, Director David G. Nord acquired 20,000 shares of JELD-WEN stock in a transaction that occurred on Monday, February 24th. The stock was bought 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 owns 40,000 shares in the company, valued at approximately $238,400. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Turtle Creek Asset Management bought 70,000 shares of the stock in a transaction on Friday, March 21st. The stock was purchased at an average price of $5.97 per share, for a total transaction of $417,900.00. Following the completion of the purchase, the insider now directly owns 12,485,051 shares in the company, valued at approximately $74,535,754.47. This represents a 0.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 595,137 shares of company stock worth $4,137,187. 1.03% of the stock is 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.