Massachusetts Financial Services Co. MA Sells 2,600 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Massachusetts Financial Services Co. MA cut its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 2.9% in the 4th quarter, HoldingsChannel reports. The firm owned 87,103 shares of the company’s stock after selling 2,600 shares during the period. Massachusetts Financial Services Co. MA’s holdings in JELD-WEN were worth $713,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Performa Ltd US LLC lifted its holdings in shares of JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after acquiring an additional 3,950 shares during the last quarter. US Bancorp DE lifted its stake in JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after purchasing an additional 7,025 shares during the last quarter. AXQ Capital LP bought a new stake in JELD-WEN during the fourth quarter worth about $105,000. Royce & Associates LP purchased a new position in shares of JELD-WEN in the 4th quarter worth about $118,000. Finally, Leavell Investment Management Inc. bought a new position in shares of JELD-WEN during the 4th quarter valued at about $123,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JELD. Loop Capital dropped their target price on JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada lowered their price objective on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a report on Wednesday, February 19th. StockNews.com lowered shares of JELD-WEN from a “hold” rating to a “sell” rating in a report on Friday, March 7th. The Goldman Sachs Group lowered their price target on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Finally, Truist Financial reduced their price objective on JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $8.94.

JELD-WEN Stock Performance

Shares of NYSE:JELD opened at $5.10 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The company has a market cap of $434.94 million, a price-to-earnings ratio of -2.28 and a beta of 1.93. JELD-WEN Holding, Inc. has a 12 month low of $4.98 and a 12 month high of $21.75. The company has a 50-day moving average price of $6.67 and a 200-day moving average price of $9.81.

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

Insider Activity at JELD-WEN

In other news, Director Steven E. Wynne bought 10,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $6.01 per share, for a total transaction of $60,100.00. Following the purchase, the director now directly owns 28,000 shares in the company, valued at $168,280. This trade represents a 55.56 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Turtle Creek Asset Management purchased 75,000 shares of JELD-WEN stock in a transaction that occurred on Monday, January 13th. The stock was purchased at an average cost of $8.46 per share, for a total transaction of $634,500.00. Following the completion of the purchase, the insider now 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 disclosure for this purchase can be found here. Insiders have purchased a total of 720,137 shares of company stock worth $4,580,187 over the last quarter. Corporate insiders own 1.24% of the company’s stock.

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.