Hound Partners LLC Takes Position in Jeld-Wen Holding Inc (JELD)
Hound Partners LLC bought a new position in shares of Jeld-Wen Holding Inc (NYSE:JELD) in the 4th quarter, Holdings Channel reports. The institutional investor bought 286,639 shares of the company’s stock, valued at approximately $11,285,000. Jeld-Wen comprises 0.3% of Hound Partners LLC’s investment portfolio, making the stock its 21st biggest holding.
Several other hedge funds and other institutional investors have also modified their holdings of JELD. Meadow Creek Investment Management LLC bought a new stake in Jeld-Wen in the 4th quarter valued at $1,966,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Jeld-Wen by 387.8% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,098 shares of the company’s stock valued at $240,000 after purchasing an additional 4,848 shares during the period. Teachers Advisors LLC boosted its stake in Jeld-Wen by 123.5% in the 4th quarter. Teachers Advisors LLC now owns 690,733 shares of the company’s stock valued at $27,194,000 after purchasing an additional 381,653 shares during the period. Raymond James & Associates bought a new stake in Jeld-Wen in the 4th quarter valued at $1,710,000. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in Jeld-Wen by 12.3% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 39,620 shares of the company’s stock valued at $1,560,000 after purchasing an additional 4,324 shares during the period. Institutional investors own 53.84% of the company’s stock.
Jeld-Wen Holding Inc (NYSE JELD) opened at $33.19 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 1.60. Jeld-Wen Holding Inc has a fifty-two week low of $27.61 and a fifty-two week high of $42.27. The firm has a market capitalization of $3,859.21, a price-to-earnings ratio of -829.75, a price-to-earnings-growth ratio of 1.07 and a beta of 2.76.
In other news, Vice Chairman Roderick Wendt sold 30,000 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $32.17, for a total transaction of $965,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick Wright Tolbert purchased 2,860 shares of the stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of $30.88 per share, with a total value of $88,316.80. Following the acquisition, the director now directly owns 4,343 shares in the company, valued at approximately $134,111.84. The disclosure for this purchase can be found here.
Several analysts recently issued reports on the company. Robert W. Baird restated a “buy” rating and issued a $46.00 price target on shares of Jeld-Wen in a research note on Tuesday, January 9th. Barclays set a $44.00 price objective on Jeld-Wen and gave the company a “buy” rating in a report on Monday, January 8th. Zacks Investment Research raised Jeld-Wen from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Tuesday, January 23rd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $47.00 price objective (up from $41.00) on shares of Jeld-Wen in a report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Citigroup set a $40.00 price objective on Jeld-Wen and gave the company a “neutral” rating in a report on Wednesday, February 14th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $39.00.
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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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