Connor Clark & Lunn Investment Management Ltd. Takes Position in JELD-WEN Holding, Inc. $JELD

Connor Clark & Lunn Investment Management Ltd. purchased a new position in JELD-WEN Holding, Inc. (NYSE:JELD) during the second quarter, Holdings Channel reports. The fund purchased 141,128 shares of the company’s stock, valued at approximately $553,000.

Several other institutional investors also recently added to or reduced their stakes in JELD. CWM LLC raised its position in JELD-WEN by 2,140.2% in the first quarter. CWM LLC now owns 6,407 shares of the company’s stock worth $38,000 after acquiring an additional 6,121 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of JELD-WEN during the 2nd quarter worth approximately $49,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of JELD-WEN in the 2nd quarter worth approximately $52,000. Performa Ltd US LLC lifted its stake in JELD-WEN by 119.0% in the first quarter. Performa Ltd US LLC now owns 9,200 shares of the company’s stock valued at $55,000 after purchasing an additional 5,000 shares during the last quarter. Finally, AlphaQuest LLC grew its holdings in JELD-WEN by 294.7% during the first quarter. AlphaQuest LLC now owns 11,169 shares of the company’s stock valued at $67,000 after purchasing an additional 8,339 shares during the period. Institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of JELD-WEN in a research note on Monday. UBS Group boosted their price objective on JELD-WEN from $5.00 to $5.75 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Jefferies Financial Group reaffirmed a “hold” rating and set a $2.25 price objective on shares of JELD-WEN in a report on Friday, November 14th. Barclays reduced their target price on shares of JELD-WEN from $5.00 to $3.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Finally, Wall Street Zen lowered shares of JELD-WEN from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Six research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $4.18.

JELD-WEN Trading Down 1.4%

Shares of JELD-WEN stock opened at $1.81 on Thursday. The company’s 50-day moving average price is $4.34 and its 200-day moving average price is $4.54. The company has a current ratio of 1.76, a quick ratio of 1.01 and a debt-to-equity ratio of 10.14. JELD-WEN Holding, Inc. has a 12-month low of $1.70 and a 12-month high of $11.66. The company has a market cap of $154.20 million, a price-to-earnings ratio of -0.24 and a beta of 1.69.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, November 3rd. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.38). JELD-WEN had a negative return on equity of 13.54% and a negative net margin of 19.28%.The firm had revenue of $809.48 million for the quarter, compared to the consensus estimate of $823.58 million. During the same period last year, the company posted $0.32 EPS. The business’s revenue was down 13.4% on a year-over-year basis. JELD-WEN has set its FY 2025 guidance at EPS. On average, equities analysts expect that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

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.