Federated Hermes Inc. Cuts Position in JELD-WEN Holding, Inc. (NYSE:JELD)

Federated Hermes Inc. trimmed its holdings in JELD-WEN Holding, Inc. (NYSE:JELD) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 480,049 shares of the company’s stock after selling 19,937 shares during the period. Federated Hermes Inc. owned 0.56% of JELD-WEN worth $9,063,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new stake in JELD-WEN in the 4th quarter valued at about $118,000. International Assets Investment Management LLC acquired a new stake in JELD-WEN in the 4th quarter valued at about $125,000. Summit Global Investments acquired a new stake in JELD-WEN in the 3rd quarter valued at about $154,000. Versor Investments LP acquired a new stake in JELD-WEN in the 3rd quarter valued at about $171,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in JELD-WEN by 22.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,145 shares of the company’s stock valued at $176,000 after acquiring an additional 2,415 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management sold 53,000 shares of JELD-WEN stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $19.55, for a total transaction of $1,036,150.00. Following the transaction, the insider now directly owns 814,463 shares of the company’s stock, valued at $15,922,751.65. The sale was disclosed in a filing with the SEC, which is available at this link. In other JELD-WEN news, major shareholder Turtle Creek Asset Management sold 53,000 shares of JELD-WEN stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $19.55, for a total transaction of $1,036,150.00. Following the transaction, the insider now directly owns 814,463 shares of the company’s stock, valued at $15,922,751.65. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Roderick Wendt sold 10,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $30.76, for a total transaction of $307,600.00. Following the transaction, the director now directly owns 294,558 shares in the company, valued at $9,060,604.08. The disclosure for this sale can be found here. Insiders have sold a total of 127,000 shares of company stock valued at $2,698,610 over the last ninety days. Corporate insiders own 1.03% of the company’s stock.

JELD-WEN Price Performance

JELD-WEN stock opened at $18.81 on Thursday. JELD-WEN Holding, Inc. has a 1 year low of $11.02 and a 1 year high of $21.67. The firm has a 50 day moving average price of $19.22 and a 200 day moving average price of $17.31. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 25.77 and a beta of 2.35. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.49 and a current ratio of 2.20.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, February 19th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. JELD-WEN had a net margin of 1.40% and a return on equity of 17.99%. During the same period in the previous year, the firm earned $0.47 earnings per share. Sell-side analysts predict that JELD-WEN Holding, Inc. will post 1.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on JELD shares. Loop Capital began coverage on shares of JELD-WEN in a research note on Thursday, February 15th. They issued a “hold” rating and a $22.00 price objective on the stock. Truist Financial raised their price target on shares of JELD-WEN from $15.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, February 21st. Oppenheimer began coverage on shares of JELD-WEN in a research note on Friday, January 19th. They set a “market perform” rating on the stock. Royal Bank of Canada raised their price target on shares of JELD-WEN from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 21st. Finally, B. Riley raised their price target on shares of JELD-WEN from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $18.30.

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.