Primecap Management Co. CA Increases Position in JELD-WEN Holding, Inc. (NYSE:JELD)

Primecap Management Co. CA boosted its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 3.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 322,300 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Primecap Management Co. CA’s holdings in JELD-WEN were worth $1,924,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Turtle Creek Asset Management Inc. grew its stake in JELD-WEN by 7.2% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock valued at $121,564,000 after acquiring an additional 1,000,000 shares in the last quarter. Ameriprise Financial Inc. grew its stake in JELD-WEN by 157.5% during the 4th quarter. Ameriprise Financial Inc. now owns 129,605 shares of the company’s stock valued at $1,061,000 after acquiring an additional 79,281 shares in the last quarter. Deutsche Bank AG grew its stake in JELD-WEN by 35.9% during the 4th quarter. Deutsche Bank AG now owns 103,236 shares of the company’s stock valued at $846,000 after acquiring an additional 27,296 shares in the last quarter. MetLife Investment Management LLC grew its stake in JELD-WEN by 6.3% during the 4th quarter. MetLife Investment Management LLC now owns 51,911 shares of the company’s stock valued at $425,000 after acquiring an additional 3,066 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in JELD-WEN by 46.6% during the 4th quarter. ProShare Advisors LLC now owns 23,790 shares of the company’s stock valued at $195,000 after acquiring an additional 7,557 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

JELD-WEN Stock Performance

NYSE:JELD opened at $5.43 on Friday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.12 and a current ratio of 1.87. The stock has a market capitalization of $463.13 million, a P/E ratio of -1.34 and a beta of 1.65. The company has a 50 day moving average price of $4.26 and a 200 day moving average price of $5.44. JELD-WEN Holding, Inc. has a fifty-two week low of $3.27 and a fifty-two week high of $16.43.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. The firm had revenue of $776.00 million during the quarter, compared to analysts’ expectations of $769.25 million. JELD-WEN had a negative net margin of 10.03% and a negative return on equity of 1.52%. The firm’s quarterly revenue was down 19.1% on a year-over-year basis. During the same quarter last year, the company posted $0.21 EPS. Equities research analysts forecast that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barclays upped their price objective on shares of JELD-WEN from $4.50 to $5.00 and gave the company an “equal weight” rating in a research note on Thursday. UBS Group increased their price target on shares of JELD-WEN from $5.00 to $5.75 and gave the company a “neutral” rating in a research note on Thursday. Loop Capital dropped their price target on shares of JELD-WEN from $8.00 to $4.00 and set a “hold” rating for the company in a research note on Thursday, May 8th. Wall Street Zen cut shares of JELD-WEN from a “hold” rating to a “sell” rating in a research note on Wednesday, May 14th. Finally, Royal Bank Of Canada dropped their price target on shares of JELD-WEN from $5.00 to $2.00 and set an “underperform” rating for the company in a research note on Wednesday, May 7th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $7.50.

JELD-WEN Company 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.