JELD-WEN Holding, Inc. $JELD Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA lessened its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 94.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 18,700 shares of the company’s stock after selling 303,600 shares during the quarter. Primecap Management Co. CA’s holdings in JELD-WEN were worth $73,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. raised its stake in JELD-WEN by 0.9% during the 1st quarter. American Century Companies Inc. now owns 5,829,115 shares of the company’s stock worth $34,800,000 after acquiring an additional 53,175 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of JELD-WEN by 11.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,489,949 shares of the company’s stock worth $14,865,000 after purchasing an additional 264,510 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of JELD-WEN by 1.3% during the second quarter. Geode Capital Management LLC now owns 2,016,339 shares of the company’s stock worth $7,905,000 after purchasing an additional 24,909 shares during the last quarter. Alberta Investment Management Corp increased its position in shares of JELD-WEN by 43.1% during the first quarter. Alberta Investment Management Corp now owns 1,659,000 shares of the company’s stock worth $9,904,000 after purchasing an additional 500,000 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of JELD-WEN by 868.6% in the 1st quarter. Federated Hermes Inc. now owns 1,394,425 shares of the company’s stock valued at $8,325,000 after purchasing an additional 1,250,456 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

JELD-WEN Stock Performance

NYSE:JELD opened at $1.87 on Friday. The company has a debt-to-equity ratio of 10.14, a current ratio of 1.76 and a quick ratio of 1.01. The firm has a market cap of $159.33 million, a price-to-earnings ratio of -0.25 and a beta of 1.69. The firm’s fifty day moving average price is $4.24 and its 200 day moving average price is $4.53. JELD-WEN Holding, Inc. has a 1-year low of $1.70 and a 1-year high of $11.66.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, November 3rd. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.38). The firm had revenue of $809.48 million during the quarter, compared to analyst estimates of $823.58 million. JELD-WEN had a negative return on equity of 13.54% and a negative net margin of 19.28%.The firm’s revenue was down 13.4% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. JELD-WEN has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Jefferies Financial Group restated a “hold” rating and set a $2.25 price target on shares of JELD-WEN in a research note on Friday, November 14th. Weiss Ratings restated a “sell (e+)” rating on shares of JELD-WEN in a research report on Monday. Barclays reduced their price target on shares of JELD-WEN from $5.00 to $3.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. UBS Group increased their price target on shares of JELD-WEN from $5.00 to $5.75 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Finally, Wall Street Zen lowered shares of JELD-WEN from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Six analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $4.18.

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.