Beaconlight Capital LLC Purchases 192,724 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Beaconlight Capital LLC grew its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 227.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 277,272 shares of the company’s stock after buying an additional 192,724 shares during the quarter. JELD-WEN accounts for approximately 1.8% of Beaconlight Capital LLC’s investment portfolio, making the stock its 21st biggest holding. Beaconlight Capital LLC owned 0.33% of JELD-WEN worth $4,384,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Innealta Capital LLC purchased a new stake in shares of JELD-WEN during the 2nd quarter worth approximately $30,000. Blue Trust Inc. increased its stake in shares of JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after purchasing an additional 1,284 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of JELD-WEN by 102.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company’s stock worth $59,000 after purchasing an additional 2,216 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of JELD-WEN during the 2nd quarter worth approximately $92,000. Finally, MQS Management LLC purchased a new position in JELD-WEN in the 3rd quarter valued at approximately $160,000. Institutional investors own 95.04% of the company’s stock.

Insiders Place Their Bets

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 200,000 shares of the stock in a transaction on Thursday, November 7th. The stock was acquired at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the completion of the purchase, the insider now directly owns 11,941,452 shares of the company’s stock, valued at approximately $125,146,416.96. This trade represents a 1.70 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on JELD shares. Royal Bank of Canada reduced their price objective on shares of JELD-WEN from $13.00 to $9.00 and set an “underperform” rating for the company in a research note on Wednesday, November 6th. Barclays reduced their price objective on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. UBS Group reduced their price objective on shares of JELD-WEN from $19.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. B. Riley reduced their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, Jefferies Financial Group lifted their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.56.

JELD-WEN Price Performance

Shares of NYSE JELD traded up $0.14 during mid-day trading on Wednesday, reaching $10.84. 8,558 shares of the company were exchanged, compared to its average volume of 695,512. JELD-WEN Holding, Inc. has a 52 week low of $8.90 and a 52 week high of $21.75. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $917.28 million, a PE ratio of -5.84 and a beta of 2.25. The company’s 50 day moving average price is $13.76 and its 200 day moving average price is $14.23.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The company had revenue of $934.70 million for the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The business’s revenue was down 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share. Sell-side analysts forecast that JELD-WEN Holding, Inc. will post 0.86 earnings per share for the current fiscal year.

JELD-WEN 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.