Wolverine Asset Management LLC Acquires New Stake in JELD-WEN Holding, Inc. (NYSE:JELD)

Wolverine Asset Management LLC acquired a new stake in JELD-WEN Holding, Inc. (NYSE:JELD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 100,835 shares of the company’s stock, valued at approximately $826,000.

Several other institutional investors and hedge funds have also recently modified their holdings of JELD. Blue Trust Inc. raised its holdings 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 valued at $46,000 after buying an additional 1,284 shares during the period. Leavell Investment Management Inc. purchased a new stake in shares of JELD-WEN in the 4th quarter valued at $123,000. MQS Management LLC purchased a new stake in shares of JELD-WEN in the 3rd quarter valued at $160,000. Diversified Trust Co raised its holdings in shares of JELD-WEN by 8.8% in the 4th quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock valued at $226,000 after buying an additional 2,242 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of JELD-WEN by 57.1% in the 4th quarter. SG Americas Securities LLC now owns 32,884 shares of the company’s stock valued at $269,000 after buying an additional 11,946 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on JELD shares. UBS Group lowered their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday. Royal Bank of Canada lowered their target price on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a research note on Wednesday. B. Riley lowered their target price 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. StockNews.com cut JELD-WEN from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Barclays lowered their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9.56.

JELD-WEN Trading Down 3.3 %

NYSE:JELD opened at $5.97 on Friday. The stock has a 50-day simple moving average of $8.56 and a 200-day simple moving average of $11.73. The stock has a market cap of $504.76 million, a P/E ratio of -2.67 and a beta of 2.17. JELD-WEN Holding, Inc. has a 1 year low of $5.79 and a 1 year high of $21.75. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03.

JELD-WEN (NYSE:JELD) last released 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). The business had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. As a group, analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

Insider Activity at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management bought 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was purchased at an average cost of $7.90 per share, with a total value of $987,500.00. Following the transaction, the insider now directly owns 12,042,190 shares in the company, valued at $95,133,301. This trade represents a 1.05 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders bought a total of 310,000 shares of company stock valued at $2,463,500 in the last three months. 1.03% of the stock is currently owned by company insiders.

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.