HAP Trading LLC Takes $387,000 Position in JELD-WEN Holding, Inc. (JELD)
HAP Trading LLC purchased a new position in JELD-WEN Holding, Inc. (NYSE:JELD) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,908 shares of the company’s stock, valued at approximately $387,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of JELD. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of JELD-WEN Holding in the second quarter worth $105,000. Quantbot Technologies LP acquired a new position in shares of JELD-WEN Holding in the third quarter worth $110,000. Legal & General Group Plc acquired a new position in shares of JELD-WEN Holding in the first quarter worth $130,000. Oppenheimer Asset Management Inc. acquired a new position in shares of JELD-WEN Holding in the second quarter worth $135,000. Finally, PNC Financial Services Group Inc. acquired a new position in shares of JELD-WEN Holding in the first quarter worth $138,000. 42.97% of the stock is currently owned by institutional investors and hedge funds.
In other JELD-WEN Holding news, major shareholder Corp Onex sold 12,465,047 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $32.74, for a total transaction of $408,105,638.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
JELD-WEN Holding, Inc. (NYSE:JELD) traded up $1.00 during mid-day trading on Friday, reaching $36.79. 1,460,000 shares of the company’s stock were exchanged, compared to its average volume of 557,200. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.93 and a quick ratio of 1.28. JELD-WEN Holding, Inc. has a one year low of $24.95 and a one year high of $37.32.
JELD-WEN Holding (NYSE:JELD) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. JELD-WEN Holding 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 analysts’ expectations of $974.98 million. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities analysts anticipate that JELD-WEN Holding, Inc. will post 1.59 EPS for the current fiscal year.
A number of brokerages recently issued reports on JELD. Gabelli began coverage on shares of JELD-WEN Holding in a report on Wednesday, July 26th. They issued a “buy” rating and a $42.00 price objective for the company. Robert W. Baird reiterated an “outperform” rating and issued a $40.00 price objective (up from $38.00) on shares of JELD-WEN Holding in a report on Monday, October 2nd. J P Morgan Chase & Co upgraded shares of JELD-WEN Holding from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $34.00 to $38.00 in a report on Wednesday, September 6th. ValuEngine cut shares of JELD-WEN Holding from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Barclays PLC upped their price objective on shares of JELD-WEN Holding from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, November 8th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $37.27.
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JELD-WEN Holding 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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