Schwab Charles Investment Management Inc. raised its stake in Jeld-Wen Holding Inc (NYSE:JELD) by 45.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,361 shares of the company’s stock after acquiring an additional 61,268 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.19% of Jeld-Wen worth $6,975,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Macquarie Group Ltd. raised its holdings in Jeld-Wen by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 22,940 shares of the company’s stock valued at $745,000 after acquiring an additional 174 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Jeld-Wen by 24.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 10,741 shares of the company’s stock valued at $382,000 after acquiring an additional 2,114 shares in the last quarter. Quantbot Technologies LP acquired a new position in Jeld-Wen in the 3rd quarter valued at $110,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Jeld-Wen in the 2nd quarter valued at $105,000. Finally, CNA Financial Corp raised its holdings in Jeld-Wen by 9.5% in the 3rd quarter. CNA Financial Corp now owns 41,249 shares of the company’s stock valued at $1,465,000 after acquiring an additional 3,593 shares in the last quarter. 41.02% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on JELD shares. Zacks Investment Research raised Jeld-Wen from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Monday, October 23rd. SunTrust Banks reissued a “hold” rating on shares of Jeld-Wen in a report on Tuesday, September 12th. B. Riley boosted their price target on Jeld-Wen from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, November 15th. Barclays boosted their price target on Jeld-Wen from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, November 8th. Finally, Robert W. Baird reissued an “outperform” rating and set a $40.00 price target (up previously from $38.00) on shares of Jeld-Wen in a report on Monday, October 2nd. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Jeld-Wen currently has a consensus rating of “Buy” and a consensus price target of $37.27.
Jeld-Wen Holding Inc (NYSE JELD) opened at $41.67 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.28 and a debt-to-equity ratio of 1.40. Jeld-Wen Holding Inc has a fifty-two week low of $24.95 and a fifty-two week high of $42.27. The company has a market capitalization of $4,380.00 and a price-to-earnings ratio of -18.86.
Jeld-Wen (NYSE:JELD) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The business had revenue of $991.40 million for the quarter, compared to analyst estimates of $974.98 million. Jeld-Wen had a return on equity of 58.83% and a net margin of 9.12%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. research analysts expect that Jeld-Wen Holding Inc will post 1.62 earnings per share for the current fiscal year.
JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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