Wolverine Asset Management LLC Acquires Shares of 100,835 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 its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 100,835 shares of the company’s stock, valued at approximately $826,000. Wolverine Asset Management LLC owned 0.12% of JELD-WEN at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Pzena Investment Management LLC grew its holdings in JELD-WEN by 2.8% in the third quarter. Pzena Investment Management LLC now owns 9,582,008 shares of the company’s stock valued at $151,492,000 after purchasing an additional 261,157 shares during the period. Victory Capital Management Inc. grew its holdings in JELD-WEN by 1,167.9% in the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after purchasing an additional 2,010,275 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in JELD-WEN by 57.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock valued at $33,200,000 after purchasing an additional 764,645 shares during the period. State Street Corp grew its holdings in JELD-WEN by 1.1% in the third quarter. State Street Corp now owns 1,998,363 shares of the company’s stock valued at $31,594,000 after purchasing an additional 21,264 shares during the period. Finally, Geode Capital Management LLC grew its holdings in JELD-WEN by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock valued at $30,771,000 after purchasing an additional 9,468 shares during the period. 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 bought 75,000 shares of JELD-WEN stock in a transaction on Monday, January 13th. The shares were bought at an average price of $8.46 per share, for a total transaction of $634,500.00. Following the completion of the transaction, the insider now directly owns 12,320,226 shares of the company’s stock, valued at $104,229,111.96. This trade represents a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders have acquired 310,000 shares of company stock worth $2,463,500 over the last quarter. 1.03% of the stock is currently owned by company insiders.

JELD-WEN Stock Performance

Shares of JELD-WEN stock opened at $5.97 on Friday. JELD-WEN Holding, Inc. has a one year low of $5.79 and a one year high of $21.75. The company has a market cap of $504.76 million, a price-to-earnings ratio of -2.67 and a beta of 2.17. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The business’s 50 day moving average price is $8.56 and its 200 day moving average price is $11.73.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The company had revenue of $895.70 million for the quarter, compared to analysts’ expectations of $860.82 million. On average, research analysts predict that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

Wall Street Analyst Weigh In

JELD has been the topic of several research analyst reports. Loop Capital dropped their price objective on JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday. UBS Group lowered their price target on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday. B. Riley lowered their price target on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Barclays lowered their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada lowered their price target on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9.56.

JELD-WEN 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.