Goldman Sachs Group Inc. purchased a new position in JELD-WEN Holding, Inc. (NYSE:JELD) during the first quarter, according to its most recent filing with the SEC. The institutional investor purchased 147,727 shares of the company’s stock, valued at approximately $4,853,000. Goldman Sachs Group Inc. owned about 0.14% of JELD-WEN Holding at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Nationwide Fund Advisors bought a new stake in shares of JELD-WEN Holding during the first quarter worth approximately $906,000. Strs Ohio acquired a new stake in shares of JELD-WEN Holding during the first quarter valued at about $243,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of JELD-WEN Holding during the first quarter valued at about $1,265,000. Russell Investments Group Ltd. acquired a new stake in shares of JELD-WEN Holding during the first quarter valued at about $1,350,000. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of JELD-WEN Holding during the first quarter valued at about $2,138,000. Hedge funds and other institutional investors own 27.59% of the company’s stock.
JELD-WEN Holding, Inc. (JELD) opened at 28.80 on Friday. The stock has a market cap of $3.03 billion and a P/E ratio of 176.69. The firm’s 50-day moving average is $31.78 and its 200 day moving average is $31.56. JELD-WEN Holding, Inc. has a one year low of $24.95 and a one year high of $34.95.
JELD-WEN Holding (NYSE:JELD) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $948.70 million for the quarter, compared to analyst estimates of $974.57 million. JELD-WEN Holding had a return on equity of 93.93% and a net margin of 9.12%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts anticipate that JELD-WEN Holding, Inc. will post $1.64 EPS for the current fiscal year.
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Several analysts recently issued reports on JELD shares. Zacks Investment Research lowered shares of JELD-WEN Holding from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Royal Bank Of Canada boosted their target price on shares of JELD-WEN Holding from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, May 10th. Citigroup Inc. restated a “neutral” rating and set a $35.00 target price (up from $32.00) on shares of JELD-WEN Holding in a research report on Thursday, May 11th. Barclays PLC restated a “buy” rating and set a $37.00 target price on shares of JELD-WEN Holding in a research report on Friday, May 12th. Finally, Credit Suisse Group started coverage on shares of JELD-WEN Holding in a research report on Thursday, June 22nd. They set an “outperform” rating and a $39.00 target price for the company. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $34.86.
In other news, major shareholder Corp Onex sold 2,100,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $29.67, for a total transaction of $62,307,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
JELD-WEN Holding Company Profile
JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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