Alberta Investment Management Corp Acquires New Position in JELD-WEN Holding, Inc. (NYSE:JELD)

Alberta Investment Management Corp acquired a new stake in JELD-WEN Holding, Inc. (NYSE:JELD) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,159,000 shares of the company’s stock, valued at approximately $9,492,000. Alberta Investment Management Corp owned 1.37% of JELD-WEN as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JELD. Rhumbline Advisers increased its position in shares of JELD-WEN by 3.5% during the fourth quarter. Rhumbline Advisers now owns 148,461 shares of the company’s stock valued at $1,216,000 after buying an additional 4,962 shares during the period. Leavell Investment Management Inc. bought a new stake in shares of JELD-WEN during the fourth quarter valued at about $123,000. Empowered Funds LLC increased its position in shares of JELD-WEN by 5.1% during the fourth quarter. Empowered Funds LLC now owns 429,432 shares of the company’s stock valued at $3,517,000 after buying an additional 20,945 shares during the period. Inspire Investing LLC increased its position in shares of JELD-WEN by 88.2% during the fourth quarter. Inspire Investing LLC now owns 49,176 shares of the company’s stock valued at $403,000 after buying an additional 23,050 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of JELD-WEN by 57.1% during the fourth quarter. SG Americas Securities LLC now owns 32,884 shares of the company’s stock valued at $269,000 after buying an additional 11,946 shares during the period. 95.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on JELD shares. B. Riley decreased their price target on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Truist Financial decreased their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday. Royal Bank of Canada decreased their price objective on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research report on Wednesday. UBS Group decreased their price objective on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group decreased their price objective on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $9.56.

Insider Activity

In related news, major shareholder Turtle Creek Asset Management acquired 125,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was purchased at an average price of $7.90 per share, with a total value of $987,500.00. Following the completion of the purchase, the insider now owns 12,042,190 shares in the company, valued at $95,133,301. This trade represents a 1.05 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders purchased 310,000 shares of company stock valued at $2,463,500. 1.03% of the stock is currently owned by company insiders.

JELD-WEN Stock Down 12.4 %

Shares of JELD opened at $5.91 on Thursday. The firm has a market cap of $499.68 million, a P/E ratio of -3.23 and a beta of 2.17. The stock has a 50 day simple moving average of $8.73 and a two-hundred day simple moving average of $11.85. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. JELD-WEN Holding, Inc. has a 1 year low of $5.79 and a 1 year high of $21.75.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.20). The firm had revenue of $895.70 million during the quarter, compared to analysts’ expectations of $860.82 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. On average, analysts forecast that JELD-WEN Holding, Inc. will post 0.69 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.