JELD-WEN Holding, Inc. (NYSE:JELD) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC decreased its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 39.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 233,818 shares of the company’s stock after selling 154,950 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.28% of JELD-WEN worth $1,915,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Victory Capital Management Inc. raised its position in shares of JELD-WEN by 1,167.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after purchasing an additional 2,010,275 shares during the period. Pzena Investment Management LLC increased its position in JELD-WEN by 16.5% in the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock worth $91,443,000 after buying an additional 1,583,238 shares during the period. Alberta Investment Management Corp bought a new stake in JELD-WEN in the fourth quarter valued at $9,492,000. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of JELD-WEN by 57.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock valued at $33,200,000 after acquiring an additional 764,645 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of JELD-WEN by 11.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,225,439 shares of the company’s stock worth $18,226,000 after acquiring an additional 220,815 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on JELD. 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. Loop Capital reduced their price objective on JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. Truist Financial lowered their target price on JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. StockNews.com lowered JELD-WEN from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. Finally, Barclays cut their price objective on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Monday, February 24th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, JELD-WEN currently has a consensus rating of “Hold” and a consensus price target of $9.06.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management purchased 86,801 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $5.62 per share, for a total transaction of $487,821.62. Following the completion of the acquisition, the insider now directly owns 12,389,409 shares of the company’s stock, valued at $69,628,478.58. The trade was a 0.71 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven E. Wynne acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of $6.01 per share, with a total value of $60,100.00. Following the purchase, the director now directly owns 28,000 shares in the company, valued at approximately $168,280. This trade represents a 55.56 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 525,137 shares of company stock worth $3,719,287. Insiders own 1.03% of the company’s stock.

JELD-WEN Trading Up 2.4 %

Shares of JELD stock opened at $6.14 on Monday. 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 50-day simple moving average of $7.76 and a 200 day simple moving average of $10.84. JELD-WEN Holding, Inc. has a fifty-two week low of $5.44 and a fifty-two week high of $21.75. The stock has a market capitalization of $520.55 million, a P/E ratio of -2.75 and a beta of 2.22.

JELD-WEN (NYSE:JELD) last announced 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 business had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. On average, sell-side analysts expect that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

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.