Cramer Rosenthal Mcglynn LLC lifted its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 18.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 592,035 shares of the company’s stock after purchasing an additional 90,430 shares during the period. Cramer Rosenthal Mcglynn LLC owned 0.56% of JELD-WEN worth $21,029,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of JELD. OxFORD Asset Management LLP boosted its holdings in JELD-WEN by 416.3% in the 3rd quarter. OxFORD Asset Management LLP now owns 270,141 shares of the company’s stock worth $9,600,000 after buying an additional 217,820 shares during the period. Sii Investments Inc. WI bought a new position in JELD-WEN in the 3rd quarter worth approximately $217,000. Schwab Charles Investment Management Inc. boosted its holdings in JELD-WEN by 45.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 196,361 shares of the company’s stock worth $6,975,000 after buying an additional 61,268 shares during the period. Amalgamated Bank bought a new position in JELD-WEN in the 3rd quarter worth approximately $248,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in JELD-WEN in the 3rd quarter worth approximately $579,000. Institutional investors own 41.03% of the company’s stock.
In other news, major shareholder Corp Onex sold 20,832,636 shares of JELD-WEN stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $32.74, for a total transaction of $682,060,502.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Kirk S. Hachigian sold 156,029 shares of JELD-WEN stock in a transaction on Monday, November 20th. The stock was sold at an average price of $32.74, for a total transaction of $5,108,389.46. Following the sale, the chairman now directly owns 413,930 shares of the company’s stock, valued at $13,552,068.20. The disclosure for this sale can be found here. Insiders have sold a total of 47,672,683 shares of company stock valued at $1,560,803,641 over the last ninety days.
JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. JELD-WEN had a net margin of 9.12% and a return on equity of 58.83%. The company had revenue of $991.40 million during the quarter, compared to the consensus estimate of $974.98 million. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. equities analysts expect that JELD-WEN Holding, Inc. will post 1.59 earnings per share for the current fiscal year.
Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of JELD-WEN from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. ValuEngine downgraded shares of JELD-WEN from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Robert W. Baird reissued an “outperform” rating and issued a $40.00 price target (up from $38.00) on shares of JELD-WEN in a report on Monday, October 2nd. Royal Bank Of Canada reissued a “buy” rating and issued a $37.00 price target on shares of JELD-WEN in a report on Tuesday, August 29th. Finally, Barclays raised their price target on shares of JELD-WEN from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, November 8th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $37.27.
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JELD-WEN 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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