Systematic Financial Management LP Has $3.41 Million Holdings in Jeld-Wen Holding Inc (JELD)

Systematic Financial Management LP lessened its holdings in Jeld-Wen Holding Inc (NYSE:JELD) by 58.4% during the first quarter, HoldingsChannel reports. The firm owned 193,100 shares of the company’s stock after selling 270,914 shares during the quarter. Systematic Financial Management LP’s holdings in Jeld-Wen were worth $3,410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Victory Capital Management Inc. acquired a new stake in shares of Jeld-Wen in the first quarter valued at approximately $192,000. Comerica Bank increased its stake in shares of Jeld-Wen by 2.3% in the first quarter. Comerica Bank now owns 25,620 shares of the company’s stock valued at $494,000 after purchasing an additional 588 shares during the period. Pearl River Capital LLC acquired a new stake in shares of Jeld-Wen in the first quarter valued at approximately $78,000. Janus Henderson Group PLC acquired a new stake in shares of Jeld-Wen in the first quarter valued at approximately $330,000. Finally, Zeke Capital Advisors LLC increased its stake in shares of Jeld-Wen by 54.7% in the first quarter. Zeke Capital Advisors LLC now owns 37,942 shares of the company’s stock valued at $670,000 after purchasing an additional 13,419 shares during the period. 67.39% of the stock is currently owned by institutional investors.

In other Jeld-Wen news, Chairman Kirk S. Hachigian sold 42,927 shares of the stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $20.08, for a total value of $861,974.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.47% of the stock is owned by corporate insiders.

Jeld-Wen stock opened at $20.60 on Wednesday. Jeld-Wen Holding Inc has a 52 week low of $13.28 and a 52 week high of $30.25. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.64 and a quick ratio of 0.93. The company has a market capitalization of $2.02 billion, a P/E ratio of 12.88, a PEG ratio of 1.00 and a beta of 2.89.

Jeld-Wen (NYSE:JELD) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). Jeld-Wen had a return on equity of 20.28% and a net margin of 2.74%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business posted $0.30 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities analysts forecast that Jeld-Wen Holding Inc will post 1.75 EPS for the current year.

Several research analysts have recently issued reports on JELD shares. Zacks Investment Research upgraded shares of Jeld-Wen from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Seaport Global Securities started coverage on shares of Jeld-Wen in a report on Friday, March 15th. They issued a “buy” rating and a $26.00 price objective for the company. Credit Suisse Group set a $20.00 target price on shares of Jeld-Wen and gave the stock a “hold” rating in a report on Tuesday, February 26th. Finally, Royal Bank of Canada set a $21.00 target price on shares of Jeld-Wen and gave the stock a “hold” rating in a report on Wednesday, February 20th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $22.71.

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Jeld-Wen Profile

JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.

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Institutional Ownership by Quarter for Jeld-Wen (NYSE:JELD)

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