GW&K Investment Management LLC Grows Position in Jeld-Wen Holding Inc (NYSE:JELD)

GW&K Investment Management LLC grew its stake in Jeld-Wen Holding Inc (NYSE:JELD) by 41.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,258 shares of the company’s stock after purchasing an additional 35,558 shares during the period. GW&K Investment Management LLC’s holdings in Jeld-Wen were worth $2,358,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Southpoint Capital Advisors LP lifted its position in shares of Jeld-Wen by 7.3% during the 2nd quarter. Southpoint Capital Advisors LP now owns 2,682,700 shares of the company’s stock valued at $56,954,000 after buying an additional 182,700 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Jeld-Wen by 1.8% during the 2nd quarter. Jennison Associates LLC now owns 1,515,908 shares of the company’s stock valued at $32,183,000 after buying an additional 27,334 shares in the last quarter. Invesco Ltd. lifted its position in shares of Jeld-Wen by 0.5% during the 2nd quarter. Invesco Ltd. now owns 1,301,235 shares of the company’s stock valued at $27,625,000 after buying an additional 5,986 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Jeld-Wen during the 2nd quarter valued at approximately $12,152,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Jeld-Wen by 3.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 490,476 shares of the company’s stock valued at $10,413,000 after buying an additional 15,544 shares in the last quarter. Institutional investors and hedge funds own 59.60% of the company’s stock.

JELD has been the topic of a number of recent analyst reports. TheStreet upgraded Jeld-Wen from a “d+” rating to a “c-” rating in a research report on Monday, July 22nd. ValuEngine lowered Jeld-Wen from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Barclays reiterated a “buy” rating and set a $20.00 target price on shares of Jeld-Wen in a research report on Tuesday, October 15th. Bank of America reiterated a “sell” rating and set a $18.00 target price on shares of Jeld-Wen in a research report on Monday, August 26th. Finally, Robert W. Baird decreased their target price on Jeld-Wen from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Jeld-Wen has a consensus rating of “Hold” and a consensus price target of $20.11.

JELD stock traded up $0.03 during midday trading on Wednesday, reaching $21.98. The stock had a trading volume of 78,680 shares, compared to its average volume of 491,969. The company’s fifty day simple moving average is $18.31 and its 200 day simple moving average is $19.43. The company has a current ratio of 1.57, a quick ratio of 0.94 and a debt-to-equity ratio of 2.03. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.79 and a beta of 2.58. Jeld-Wen Holding Inc has a 52-week low of $13.28 and a 52-week high of $22.27.

Jeld-Wen (NYSE:JELD) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12). The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Jeld-Wen had a net margin of 2.22% and a return on equity of 17.68%. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 EPS. Sell-side analysts predict that Jeld-Wen Holding Inc will post 1.26 EPS for the current year.

Jeld-Wen Company 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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