Canada Pension Plan Investment Board Acquires New Position in JELD-WEN Holding, Inc. (NYSE:JELD)

Canada Pension Plan Investment Board bought a new position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 21,900 shares of the company’s stock, valued at approximately $179,000.

Other large investors have also modified their holdings of the company. Pzena Investment Management LLC grew its holdings in JELD-WEN by 16.5% during the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock worth $91,443,000 after acquiring an additional 1,583,238 shares during the period. Vanguard Group Inc. boosted its position in shares of JELD-WEN by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company’s stock worth $69,984,000 after purchasing an additional 101,944 shares in the last quarter. American Century Companies Inc. grew its stake in shares of JELD-WEN by 12.3% during the 4th quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock worth $47,305,000 after purchasing an additional 634,101 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of JELD-WEN by 11.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,225,439 shares of the company’s stock valued at $18,226,000 after purchasing an additional 220,815 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of JELD-WEN by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock valued at $30,771,000 after purchasing an additional 9,468 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JELD. Royal Bank of Canada dropped their target price on shares of 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 price objective on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Loop Capital lowered their target price on JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Truist Financial cut their price target on 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 cut shares of JELD-WEN from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.94.

JELD-WEN Stock Performance

NYSE JELD opened at $5.33 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. JELD-WEN Holding, Inc. has a 1-year low of $4.91 and a 1-year high of $21.75. The firm has a market capitalization of $455.00 million, a P/E ratio of -2.39 and a beta of 1.93. The business’s 50-day simple moving average is $5.71 and its 200-day simple moving average is $8.86.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The business had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. Equities analysts predict that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

Insider Activity

In other JELD-WEN news, Director David G. Nord purchased 20,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of $5.96 per share, with a total value of $119,200.00. Following the acquisition, the director now owns 40,000 shares of the company’s stock, valued at approximately $238,400. This represents a 100.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven E. Wynne bought 10,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was bought at an average price of $6.01 per share, with a total value of $60,100.00. Following the completion of the purchase, the director now owns 28,000 shares of the company’s stock, valued at $168,280. This trade represents a 55.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 714,404 shares of company stock worth $4,023,392 over the last ninety days. Corporate insiders own 1.24% 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.