Inspire Investing LLC Grows Stock Holdings in JELD-WEN Holding, Inc. (NYSE:JELD)

Inspire Investing LLC increased its stake in JELD-WEN Holding, Inc. (NYSE:JELD) by 88.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,176 shares of the company’s stock after buying an additional 23,050 shares during the period. Inspire Investing LLC owned 0.06% of JELD-WEN worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JELD. Blue Trust Inc. raised its position in shares of JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after purchasing an additional 1,284 shares during the last quarter. MQS Management LLC purchased a new position in JELD-WEN in the 3rd quarter worth about $160,000. Xponance Inc. bought a new stake in JELD-WEN in the 2nd quarter worth approximately $198,000. K2 Principal Fund L.P. bought a new position in shares of JELD-WEN in the 3rd quarter worth approximately $278,000. Finally, Sei Investments Co. grew its position in shares of JELD-WEN by 13.2% during the 2nd quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock valued at $242,000 after acquiring an additional 2,100 shares during the period. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Stock Down 0.8 %

NYSE:JELD opened at $9.60 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. The firm has a market cap of $812.18 million, a PE ratio of -5.24 and a beta of 2.16. The company has a 50-day moving average of $9.47 and a 200 day moving average of $12.74. JELD-WEN Holding, Inc. has a 1-year low of $7.43 and a 1-year high of $21.75.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The business had revenue of $934.70 million for the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. JELD-WEN’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 earnings per share. As a group, research analysts anticipate that JELD-WEN Holding, Inc. will post 0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Turtle Creek Asset Management purchased 110,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were acquired at an average price of $7.65 per share, for a total transaction of $841,500.00. Following the purchase, the insider now owns 12,259,784 shares of the company’s stock, valued at $93,787,347.60. This trade represents a 0.91 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders bought 960,000 shares of company stock worth $9,086,500. 1.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on JELD shares. The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Barclays reduced their price target on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. B. Riley lowered their price objective on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Jefferies Financial Group lifted their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada reduced their target price on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.75.

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.