JELD-WEN Holding, Inc. $JELD Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 15.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,293,562 shares of the company’s stock after selling 414,326 shares during the quarter. Federated Hermes Inc. owned approximately 2.69% of JELD-WEN worth $11,261,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in JELD. Y Intercept Hong Kong Ltd boosted its position in JELD-WEN by 358.7% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 57,322 shares of the company’s stock valued at $281,000 after purchasing an additional 44,825 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in JELD-WEN by 101.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 26,610 shares of the company’s stock valued at $121,000 after buying an additional 13,386 shares during the last quarter. Phil A. Younker & Associates Ltd. acquired a new position in shares of JELD-WEN during the third quarter valued at $108,000. CWM LLC grew its position in shares of JELD-WEN by 111.8% during the third quarter. CWM LLC now owns 41,526 shares of the company’s stock worth $204,000 after acquiring an additional 21,917 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of JELD-WEN during the third quarter worth about $3,406,000. Institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

JELD has been the topic of several recent research reports. Wall Street Zen downgraded shares of JELD-WEN from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Jefferies Financial Group lifted their price target on JELD-WEN from $2.25 to $2.60 and gave the company a “hold” rating in a report on Monday, December 15th. The Goldman Sachs Group reduced their price objective on JELD-WEN from $3.75 to $3.25 and set a “neutral” rating for the company in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of JELD-WEN in a research note on Monday, December 29th. Finally, Zacks Research upgraded JELD-WEN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Seven equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $3.87.

JELD-WEN Trading Up 0.5%

Shares of JELD-WEN stock opened at $2.71 on Friday. The business has a fifty day simple moving average of $2.68 and a 200-day simple moving average of $4.06. JELD-WEN Holding, Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $9.30. The firm has a market cap of $231.86 million, a price-to-earnings ratio of -0.36 and a beta of 1.72. The company has a quick ratio of 1.01, a current ratio of 1.76 and a debt-to-equity ratio of 10.14.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, November 3rd. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.38). JELD-WEN had a negative return on equity of 13.54% and a negative net margin of 19.28%.The business had revenue of $809.48 million during the quarter, compared to the consensus estimate of $823.58 million. During the same quarter last year, the firm posted $0.32 earnings per share. JELD-WEN’s revenue was down 13.4% compared to the same quarter last year. On average, equities analysts forecast that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

JELD-WEN Company Profile

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.