Comerica Bank Increases Holdings in Jeld-Wen Holding Inc (NYSE:JELD)

Comerica Bank lifted its stake in Jeld-Wen Holding Inc (NYSE:JELD) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,620 shares of the company’s stock after purchasing an additional 588 shares during the quarter. Comerica Bank’s holdings in Jeld-Wen were worth $494,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pzena Investment Management LLC increased its stake in Jeld-Wen by 21.5% during the fourth quarter. Pzena Investment Management LLC now owns 8,345,441 shares of the company’s stock worth $118,589,000 after acquiring an additional 1,477,003 shares during the last quarter. FMR LLC increased its stake in Jeld-Wen by 21.1% during the fourth quarter. FMR LLC now owns 6,631,180 shares of the company’s stock worth $94,229,000 after acquiring an additional 1,157,073 shares during the last quarter. Raging Capital Management LLC increased its stake in Jeld-Wen by 178.0% during the fourth quarter. Raging Capital Management LLC now owns 1,223,056 shares of the company’s stock worth $17,380,000 after acquiring an additional 783,056 shares during the last quarter. Norges Bank acquired a new stake in Jeld-Wen during the fourth quarter worth $10,991,000. Finally, Dimensional Fund Advisors LP increased its stake in Jeld-Wen by 47.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,260,627 shares of the company’s stock worth $17,914,000 after acquiring an additional 408,034 shares during the last quarter. 61.64% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on JELD shares. Seaport Global Securities began coverage on Jeld-Wen in a research note on Friday, March 15th. They set a “buy” rating and a $26.00 target price for the company. Royal Bank of Canada set a $23.00 price target on Jeld-Wen and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Finally, Zacks Investment Research upgraded Jeld-Wen from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Jeld-Wen presently has an average rating of “Hold” and a consensus target price of $22.08.

NYSE:JELD traded up $0.05 during midday trading on Monday, reaching $21.28. The company had a trading volume of 531,592 shares, compared to its average volume of 559,982. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 1.06 and a beta of 2.51. The business’s fifty day simple moving average is $20.33. Jeld-Wen Holding Inc has a 12-month low of $13.28 and a 12-month 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.

Jeld-Wen (NYSE:JELD) last released its earnings results on Tuesday, May 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.03). The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Jeld-Wen had a net margin of 2.74% and a return on equity of 20.28%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.30 earnings per share. As a group, equities research analysts predict that Jeld-Wen Holding Inc will post 1.75 earnings per share for the current fiscal year.

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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